SOLUTION: Kevin invested part of his $10,000 bonus in a certificate of deposit that paid 6% interest, and the rest in a mutual fund that paid 11% anuual simple interest. If his total yearly

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Kevin invested part of his $10,000 bonus in a certificate of deposit that paid 6% interest, and the rest in a mutual fund that paid 11% anuual simple interest. If his total yearly       Log On

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Question 347094: Kevin invested part of his $10,000 bonus in a certificate of deposit that paid 6% interest, and the rest in a mutual fund that paid 11% anuual simple interest. If his total yearly interest from both account was #3600, how much was invested at 3%
Answer by mananth(16946) About Me  (Show Source):
You can put this solution on YOUR website!
whwre does 3% come in the problem?