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.