document.write( "Question 669060: an investor put a total of 3500 in two mutal funds. one fund had a profit of 6% and the other 4% profit, for a total of 170 profit. how much was invested in each fund? \n" ); document.write( "
Algebra.Com's Answer #416140 by mananth(16946)![]() ![]() You can put this solution on YOUR website! Part I 6.00% per annum ------------- Amount invested =x \n" ); document.write( "Part II 4.00% per annum ------------ Amount invested = y = \n" ); document.write( " 3500 \n" ); document.write( "Interest----- 170 \n" ); document.write( " \n" ); document.write( "Part I 6.00% per annum ---x \n" ); document.write( "Part II 4.00% per annum ---y \n" ); document.write( "Total investment \n" ); document.write( "x + 1 y= 3500 -------------1 \n" ); document.write( "Interest on both investments \n" ); document.write( "6.00% x + 4.00% y= 170 \n" ); document.write( "Multiply by 2 \n" ); document.write( "6 x + 4 y= 17000.00 --------2 \n" ); document.write( "Multiply (1) by -6 \n" ); document.write( "we get \n" ); document.write( "-6 x -6 y= -21000.00 \n" ); document.write( "Add this to (2) \n" ); document.write( "0 x -2 y= -4000 \n" ); document.write( "divide by -2 \n" ); document.write( " y = 2000 \n" ); document.write( "Part I 6.00% $ 1500 \n" ); document.write( "Part II 4.00% $ 2000 \r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "CHECK \n" ); document.write( "1500 --------- 6.00% ------- 90.00 \n" ); document.write( "2000 ------------- 4.00% ------- 80.00 \n" ); document.write( "Total -------------------- 170.00 \n" ); document.write( " \n" ); document.write( "m.ananth@hotmail.ca \n" ); document.write( " \n" ); document.write( " |