document.write( "Question 43684This question is from textbook Beginning Algebra with Applications
\n" );
document.write( ": A professional athlete deposited an amount of money into a high-yield mutual fund that earns 13% annual simple interest. A second deposit, $2500 more than the first, was placed in a certificate of deposit earning 7% annual simple interest. In one year, the total interest earned on both investments was $475. How much money was invested in the mutual fund? \n" );
document.write( "
Algebra.Com's Answer #28674 by checkley71(8403)![]() ![]() ![]() You can put this solution on YOUR website! .13x+2500*.07=475 or .13x=475-175 or .13x=300 or x=$2307.69 invested in high yield mutual fund. \n" ); document.write( " |