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

question 157

Multiple Choice

Solve the problem.
-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)$4000
• B)$7000
• C)$6000
• D)$5000

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