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

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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.

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