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$0.75 #22 - 3.4

  • From Mathematics: Algebra
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  • Due on Apr. 04, 2010
  • Asked on Apr 03, 2010 at 9:07:39PM
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jalejo46
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Q:

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
Posted by :
adam1121
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A:
Preview: ... 850 .07(10000 - m) + .13m = ...
The full tutorial is about 32 words long .