SOLUTION: okay, let's try this again;
a man 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
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: okay, let's try this again;
a man 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
Log On
Question 21812: okay, let's try this again;
a man 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 tht year was $800, how much did he invest in the mutual fund?
a) 5000
b) 4000
c) 6000
d) 3000
I messed up on the other submission with the answer choices...sorry. Answer by rapaljer(4671) (Show Source):
