Solve. -Kevin Invested Part of His $10,000 Bonus in a Certificate

question 3

Multiple Choice

Solve.
-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 $700,
How much did Kevin invest in the mutual fund?

• A)$8000
• B)$3000
• C)$1000
• D)$2000

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