SOLUTION: This problem is one I cannot quite understand and I am not sure how to put it in the proper format. Can you help me please? An investor invested a total of $800 in two mutual fund

Question 623413: This problem is one I cannot quite understand and I am not sure how to put it in the proper format. Can you help me please?
An investor invested a total of $800 in two mutual funds. One fund earned a 6% profit while the other earned a 2% profit. If the investor's total profit was $28, how much was invested in each mutual fund?
amount invested in 6% mutual fund?
amount invested in 2% mutual fund?

Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
An investor invested a total of $800 in two mutual funds. One fund earned a 6% profit while the other earned a 2% profit. If the investor's total profit was $28, how much was invested in each mutual fund?
amount invested in 6% mutual fund?
amount invested in 2% mutual fund?
----------------
x = amount at 6%
----
0.06x + 0.02*(800-x) = 28

RELATED QUESTIONS
i am trying to solve a problem with the format ax squared + bx + c and im not quit sure... (answered by stanbon)

I cannot understand how to do a problem like this. It is simplifying powers.... (answered by sudhanshu_kmr)

six over the square root of six y cubed Can you help me with this question, please?... (answered by josgarithmetic)

Can you please help me to solve this equation. I have tried but am getting frustrated. I... (answered by lwsshak3)

hello, I would be extremely grateful for any help or advice for this problem. It has... (answered by stanbon)

Hello, Can someone help me with this equation. logx1331=3. I am not quite sure how to... (answered by josgarithmetic,Edwin McCravy)

Hello, I am really having trouble with these radical expressions. Here is another one I... (answered by Nate)

Hello, I do not understand how to solve mutiplyins fractions with varibles. I am stuck (answered by sofiyac,ucangetbushra@hotmail.com)

I wasn't sure what "type" of problem to put this under so hopefully you can help me.... (answered by galactus)