document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=225686>Question 225686</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Kevin invested part of his $10,000 bonus in a certificat of deposit that paid 6% annual simple interest, and the remainder in a mutual fund that paid 11% annual simple interest.  if his total inerest for that year was $700, how much did kevin invest in the mutual fund? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #168308 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley77><B>checkley77(12844)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley77><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=168308\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .11x+.06(10,000-x)=700<BR>\n" );
document.write( ".11x+600-.06x=700<BR>\n" );
document.write( ".05x=700-600<BR>\n" );
document.write( ".05x=100<BR>\n" );
document.write( "x=100/.05<BR>\n" );
document.write( "x=2,000 invested @ 11%.<BR>\n" );
document.write( "10,000-2,000=8,000 invested @ 6%<BR>\n" );
document.write( "Proof:<BR>\n" );
document.write( ".11*2,000+.06*8,000*700<BR>\n" );
document.write( "220+480=700<BR>\n" );
document.write( "700=700<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );