document.write( "Question 21812: okay, let's try this again;
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document.write( "a man invested part of his $10,000 bonus in a certificate of deposit that paid 6% annual simple interest, and the remainder in a mutual fund that paid 11% annual simple interest. if his total interest for tht year was $800, how much did he invest in the mutual fund?
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document.write( "a) 5000
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document.write( "b) 4000
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document.write( "c) 6000
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document.write( "d) 3000
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document.write( "I messed up on the other submission with the answer choices...sorry. \n" );
document.write( "
Algebra.Com's Answer #11712 by rapaljer(4671)![]() ![]() You can put this solution on YOUR website! Let x = amount invested in the mutual fund at 11% \n" ); document.write( "10000-x = amount invested in cd at 6%\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( ".11x + .06(10000-x) = 800 \n" ); document.write( ".11x + 600 -.06x = 800 \n" ); document.write( ".05x +600 = 800 \n" ); document.write( ".05x = 200 \n" ); document.write( " \n" ); document.write( "x= $4000 at 11% \n" ); document.write( "10000- 4000 = $6000 at 6% \n" ); document.write( "The correct answwer is B)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Check: \n" ); document.write( ".11(4000) + .06(6000) \n" ); document.write( "$440+ $360 \n" ); document.write( "$800 \n" ); document.write( "It checks!\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "R^2 at SCC \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " |