# SOLUTION: joan had \$1000 to invest. she invested part of the money in a COD that paid 4% annual simple interest, and the remainder in a mutual fund that paid 8% annual simple interest. the t

Algebra ->  Algebra  -> Customizable Word Problem Solvers  -> Finance -> SOLUTION: joan had \$1000 to invest. she invested part of the money in a COD that paid 4% annual simple interest, and the remainder in a mutual fund that paid 8% annual simple interest. the t      Log On

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 Click here to see ALL problems on Money Word Problems Question 317349: joan had \$1000 to invest. she invested part of the money in a COD that paid 4% annual simple interest, and the remainder in a mutual fund that paid 8% annual simple interest. the totsl interest of investments was \$68.00. How much did Joan invest in each?Answer by Fombitz(13828)   (Show Source): You can put this solution on YOUR website!Let A be the amount in the COD, B in the mutual fund. 1. . . 2. Multiply eq. 1 by -4 and add to eq. 2, Then from eq. 1,