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Write the Word or Phrase That Best Completes Each Statement

Question 201

Multiple Choice

Write the word or phrase that best completes each statement or answers the question.
-Kevin invested part of his $10,000 bonus in a certificate of deposit that paid 6% annual simple interest, andthe remainder in a mutual fund that paid 11% annual simple interest. If his total interest for that year was$800, how much did Kevin invest in the mutual fund?


A) $4,000
B) $6,000
C) $5,000
D) $3,000

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