document.write( "Question 625036: An investor invested a total of $1700 in two mutual funds. One fund earned an 8% profit while the other earned a 2% profit. The total profit was $88 dollars, how much was invested in each mutual fund? \n" ); document.write( "
Algebra.Com's Answer #393317 by oscargut(2103)![]() ![]() You can put this solution on YOUR website! Let x= ampount invested at 8% \n" ); document.write( "Let y = amount invested at 2%\r \n" ); document.write( "\n" ); document.write( "x+y=1700 \n" ); document.write( "0.08x+0.02y = 88\r \n" ); document.write( "\n" ); document.write( "Solving this system \r \n" ); document.write( "\n" ); document.write( "Answer: x = 900 and y = 800\r \n" ); document.write( "\n" ); document.write( "If you have any doubt or if you have more problems my e-mail is: \r \n" ); document.write( "\n" ); document.write( "mthman@gmail.com\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |