document.write( "Question 283771: Kevin 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 that year was $900, how much did kevin invest in the mutual fund? \n" ); document.write( "

Algebra.Com's Answer #205965 by mananth(16946) $\"\"$ $\"About$

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Kevin 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 that year was $900, how much did kevin invest in the mutual fund?\r
\n" ); document.write( "\n" ); document.write( "Let Kevin invest Rs x at 6%\r
\n" ); document.write( "\n" ); document.write( "He will invest 10000-x at 11%\r
\n" ); document.write( "\n" ); document.write( "6/100 * x +11/100 * = 900\r
\n" ); document.write( "\n" ); document.write( "0.06 x +0.11x=900\r
\n" ); document.write( "\n" ); document.write( "0.17x =900\r
\n" ); document.write( "\n" ); document.write( "x= 900/0.17\r
\n" ); document.write( "\n" ); document.write( "x=5294.11 which is the amount invested at 6%\r
\n" ); document.write( "\n" ); document.write( "10000-5294.11=4705.89 at 11 %\r
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\n" ); document.write( "\n" ); document.write( "x= \n" ); document.write( "

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