document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=631258>Question 631258</A>: <I><SPAN STYLE=\"word-break: break-all;\"> an investor invested a total amount of $3,100 in two mutual funds. One fund earned a 5% profit while the other earned a 3% profit. If the investors total profit was $115, how much was invested in each mutual fund? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #397468 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=397468\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> an investor invested a total amount of $3,100 in two mutual funds. One fund earned a 5% profit while the other earned a 3% profit. If the investors total profit was $115, how much was invested in each mutual fund?<BR>\n" );
document.write( "--------<BR>\n" );
document.write( "Equations:<BR>\n" );
document.write( "value: x + y = 3100<BR>\n" );
document.write( "interest: 0.05x + 0.03y = 115<BR>\n" );
document.write( "----<BR>\n" );
document.write( "5x + 5y = 5*3100<BR>\n" );
document.write( "5x + 3y = 115*100<BR>\n" );
document.write( "------<BR>\n" );
document.write( "Subtract and solve for \"y\":<BR>\n" );
document.write( "2y = 4000<BR>\n" );
document.write( "y = 2000 (amt invested at 3%<BR>\n" );
document.write( "---<BR>\n" );
document.write( "x = 1100 (amt invested at 5%<BR>\n" );
document.write( "==========================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );