document.write( "Question 623827: an investor invested a total of $1400 in 2 mutual funds. one fund earned a 6% profit and the other fund earned a 3% profit. If the investors total profit was $60, how much was invested in each mutual fund \n" ); document.write( "

Algebra.Com's Answer #392371 by lwsshak3(11628) $\"\"$ $\"About$

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an investor invested a total of $1400 in 2 mutual funds. one fund earned a 6% profit and the other fund earned a 3% profit. If the investors total profit was $60, how much was invested in each mutual fund
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\n" ); document.write( "let x=$amt invested in 6% fund
\n" ); document.write( "1400-x=$amt invested in 3% fund
\n" ); document.write( ".06x+.03(1400-x)=60
\n" ); document.write( ".06x+42-.03x=60
\n" ); document.write( ".03x=18
\n" ); document.write( "x=600
\n" ); document.write( "1400-x=800
\n" ); document.write( "$amt invested in 6% fund=600
\n" ); document.write( "$amt invested in 3% fund=800 \n" ); document.write( "

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