document.write( "Question 696774:  I need to solve the following word problem, and I have no idea where to begin.\r
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document.write( "     An investor invested a total of $2,800 in two mutual funds. One fund
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document.write( "    earned an 8% profit while the other earned a 6% profit. If the investor's
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document.write( "     total profit was $202, how much was invested in each mutual fund?\r
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document.write( "I have seen similar questions answered, but I cannot find the method or procedure used, so I cannot follow the logic. Thank you in advance! \n" );
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| Algebra.Com's Answer #429312 by rfer(16322)      You can put this solution on YOUR website! 0.08x+0.06(2800-x)=202 \n" ); document.write( "0.08x+168-0.06x=202 \n" ); document.write( "0.02x=202-168 \n" ); document.write( "0.02x=34 \n" ); document.write( "x=34/0.02 \n" ); document.write( "x=$1700 at 8% \n" ); document.write( "2800-x=$1100 at 6% \n" ); document.write( " |