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

question 180

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 $900, how much did Kevin invest in the mutual fund?

• A) $7000
• B) $4000
• C) $6000
• D) $5000