Suppose that at the beginning of 2018 Damien had a balance of exactly $9000 in an IRA account. Part of the money was invested in a safe bond that earned 3% interest over the course of 2018. The remaining money was invested in a mutual fund (consisting of stocks) that earned 11% "interest" over the course of 2018. Over the course of that year Damien's IRA account earned a total of$694 in "interest".