SOLUTION: an investor invest 2800 dollars into two mutual funds one has a profit of 5% the other has 2%, the total profit is 80, how much was invested in each fund.
let x=5%
lety=2%
x+
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Question 696837: an investor invest 2800 dollars into two mutual funds one has a profit of 5% the other has 2%, the total profit is 80, how much was invested in each fund.
let x=5%
lety=2%
x+y=2800
0.05x+0.02y=80
I know how to write the problem but I forgot how to get to the answer could you please show me the equation step by step
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
answered
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