document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=283771>Question 283771</A>: <I><SPAN STYLE=\"word-break: break-all;\">  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? </SPAN>\n" );
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document.write( "$900 interest on an investment of $10,000 is a rate of return of 9%.<br><BR>\n" );
document.write( "9% is three-fifths of the way from 6% to 11%; that means 3/5 of the total was invested at the higher rate. (If it helps, look at the three percentages 6, 9, and 11 on a number line.)<br><BR>\n" );
document.write( "3/5 of $10,000 is $6000.<br><BR>\n" );
document.write( "ANSWER: He invested $6000 in the mutual fund (and $4000 in the CD)<br><BR>\n" );
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