document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=659637>Question 659637</A>: <I><SPAN STYLE=\"word-break: break-all;\"> An investor invested a total of $1400 in two mutual funds. One fund earned a 6% profit while the other earned a 2% profit. If the investor's total profit was $72, 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 #410880 by </B><A HREF=/tutors/aboutme.mpl?userid=ReadingBoosters><B>ReadingBoosters(3246)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ReadingBoosters><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=410880\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> x + y = $1400<BR>\n" );
document.write( ".06x + .02y = 72\r<BR>\n" );
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document.write( "Elimination<BR>\n" );
document.write( "Multiply the first equation by .06 and subtract the second equation<BR>\n" );
document.write( ".06(x + y = 1400) or<BR>\n" );
document.write( " .06x + .06y =  84<BR>\n" );
document.write( "-.06x + .02y =  72<BR>\n" );
document.write( ".06x - .06x + .06y - .02y = 84 - 72<BR>\n" );
document.write( "Combine like terms<BR>\n" );
document.write( ".04y = 12<BR>\n" );
document.write( ".04y/.04 = 12/.04<BR>\n" );
document.write( "y = 300\r<BR>\n" );
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document.write( "Plug y into the first equation<BR>\n" );
document.write( "x + 300 = 1400<BR>\n" );
document.write( "x + 300 - 300 = 1400 - 300<BR>\n" );
document.write( "x = 1100\r<BR>\n" );
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document.write( "$300 at 2% and $1100 at 6% </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );