document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=639545>Question 639545</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help,I hae no clue at all!\r<BR>\n" );
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document.write( "An investor invested a total of $2,100 in two mutual funds.One fund earned 9% profit while the other earned a 2% profit.If the investor's total profit was $147, 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 #402790 by </B><A HREF=/tutors/aboutme.mpl?userid=htmentor><B>htmentor(1343)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=htmentor><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/cgi-bin/show-face.mpl?user=htmentor><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=402790\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let F = the initial amount invested in Fund 1<BR>\n" );
document.write( "Then 2100 - F = the initial amount invested in Fund 2 [since total amount invested=2100]<BR>\n" );
document.write( "Since the amount earned is equal to the profit times the fund amount, <BR>\n" );
document.write( "we can write the sum of the profits as:<BR>\n" );
document.write( "0.09F + 0.02(2100-F) = 147<BR>\n" );
document.write( "Solve for F:<BR>\n" );
document.write( "(0.09-0.02)F = 147 - 42<BR>\n" );
document.write( "0.07F = 105<BR>\n" );
document.write( "F = 1500<BR>\n" );
document.write( "So the amount invested in Fund 1 = $1500 and the amount invested in Fund 2 = $600 </SPAN>\n" );
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