document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=711771>Question 711771</A>: <I><SPAN STYLE=\"word-break: break-all;\"> \r<BR>\n" );
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document.write( "An investor spent a total of $2400 in two mutual funds. One earned a 6% profit while an other earned a 4% profit. if the investor's total profit was $116 how much was invested in each mutual fund?<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #437597 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley79><B>checkley79(3341)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley79><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=437597\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .06X+.04(2400-X)=116<BR>\n" );
document.write( ".06X+96-.04X=116<BR>\n" );
document.write( ".02X=116-96<BR>\n" );
document.write( ".02X=20<BR>\n" );
document.write( "X=20/.02<BR>\n" );
document.write( "X=$1,000 INVESTED @ 6%<BR>\n" );
document.write( "2400-1000=1400 INVESTED @ 4%.<BR>\n" );
document.write( "PROOF:<BR>\n" );
document.write( ".06*1000+.04*1400=116<BR>\n" );
document.write( "60+56=116<BR>\n" );
document.write( "116=116 </SPAN>\n" );
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