Question 283771
 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?

Let Kevin invest Rs x at 6%

He will invest 10000-x at 11%

6/100 * x +11/100 * = 900

0.06 x +0.11x=900

0.17x =900

x= 900/0.17

x=5294.11 which is the amount invested at 6%

10000-5294.11=4705.89 at 11 %



x=