SOLUTION: an investor invested a total of 2000 in two mutual funds. One fund earned 9% profit while the other earned a 2% profit. If the investor's total profit was $103, how much was invest

Question 1176782: an investor invested a total of 2000 in two mutual funds. One fund earned 9% profit while the other earned a 2% profit. If the investor's total profit was $103, how much was investedin each mutal fund?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!



Hi

Question States:

  .09x + .02(2000-x) = 103

              x = 63/.07 = $900 , amount at 9&  and $1100 T 2%   



  $81 + $22 = $103  checks.

Wish You the Best in your Studies. 



 

RELATED QUESTIONS

An investor invested a total of $2000 in two mutual funds. One fund earned a 6% profit... (answered by addingup)
An investor invested a total of $2,200 in two mutual funds. One fund earned a 9% profit... (answered by josmiceli)
An investor invested a total of $2,500.00 in two mutual funds. one fund earned 9% of the... (answered by mananth,amalm06)
An investor invested a total of $2,800 in two mutual funds. One fund earned 9% profit... (answered by josmiceli)
AN investor invested a total of %1,500 in two mutual funds. One fund earned a 4% profit... (answered by John10)
An investor invested a total of $3,200 in two mutual funds. One fund earned a 4% profit... (answered by mananth)
An investor invested a total of $1400 in two mutual funds. One fund earned a 6% profit... (answered by ReadingBoosters)
An investor invested a total of $900 in two mutual funds. One fund earned a 8% profit... (answered by mananth)
an investor invested a total of $2300 in two mutual funds. one fund earned a 7% profit... (answered by stanbon)