A mutual fund pays 6% interest on all funds deposited for 1month or longer. Jim

A mutual fund pays 6% interest on all funds deposited for 1month or longer. Jim wants to take advantage of the 6% interestrate and transfers a portion of his savings account to the mutualfund. After one year Jims investment in the mutual fund hasearned $125 in interest. How much of his savings did jim invest inthe mutual fund?