$0.75 #22 - 3.4
Tom invested part of his $10,000 bonus in a CD that paid 7% annual simple interest and the rest in a mutual fund that paid 13% annual simple interet. If his total interest for the year was $850, how much did tom invest in the mutual fund?
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- Posted on Apr 03, 2010 at 9:11:02PM
Preview: ... 850 .07(10000 - m) + .13m = ...
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