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Define the unknown quantities in terms of one variable

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Reference no: EM131123325

Burt inherits $91,000. He decides to invest part of the inheritance in a mutual fund and the remaining part in a certificate of deposit. It the amount invested in the certificate of deposit is $3000 more than 7 times the amount invested in the mutual fund, find the amount invested in each account.

• Define the unknown quantities in terms of one variable.

• Translate the question into an equation.

• Solve the equation, showing all work.

• Write a complete answer to the question asked.

Reference no: EM131123325

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