document.write( "Question 626671: An investor invested a total of 1500 in two mutual funds. One fund earned 7% profit while the other earned 2% profit. If the investor's total profit was $95, how much was invested in each mutual fund? \n" ); document.write( "

Algebra.Com's Answer #394371 by ewatrrr(24785) $\"\"$ $\"About$

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document.write( "Hi,
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document.write( "An investor invested a total of 1500 in two mutual funds. 
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document.write( "One fund earned 7% profit while the other earned 2% profit. 
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document.write( "total profit was $95
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document.write( "Question states***
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document.write( "  .07x + .02(1500-x) = $95
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document.write( "      .05x = 95 - 30
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document.write( "      .05x = 65
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document.write( "         x = 65/.05 = $1300, invested at 7%.    $200 invested at 2%
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document.write( "and****
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