SOLUTION: Carl invested $10,000, part in a CD paying 8.5% annual interest, the rest in a mutual fund paying 7% annual interest. The annual income from the CD is $200 more than the annual in
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Question 428429: Carl invested $10,000, part in a CD paying 8.5% annual interest, the rest in a mutual fund paying 7% annual interest. The annual income from the CD is $200 more than the annual income from the mutual fund. How much money was put into each type of investment? Answer by mananth(16949) (Show Source):
