document.write( "Question 662333: An investor invested a total of $3600 in two mutual funds. One fund earned a 7% profit while the other earned a 3% profit. If the investor's total profit was $172, how much was invested in each mutual fund? \n" ); document.write( "
Algebra.Com's Answer #412121 by ReadingBoosters(3246)![]() ![]() ![]() You can put this solution on YOUR website! x+y = 3600 \n" ); document.write( ".07x + .03y = 172 \n" ); document.write( "substitute into the second equation \n" ); document.write( ".07(3600 - y) + .03y = 172 \n" ); document.write( "252 - .07y + .03y = 172 \n" ); document.write( "252 - 172 = .04y \n" ); document.write( "80 = .04y \n" ); document.write( "y = $2000 at 3% \n" ); document.write( "x = 3600 - 2000 = $1600 at 7% \n" ); document.write( "Proof \n" ); document.write( ".07(1600) + .03(2000) \n" ); document.write( "112 + 60 = 172 \n" ); document.write( " |