document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=713737>Question 713737</A>: <I><SPAN STYLE=\"word-break: break-all;\"> \r<BR>\n" );
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document.write( "Total amount of 1,400 hundred dollars in two mutual funds. One earned 8% and the other earned 3% profit. The investor's profit was 67 dollars. 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 #438521 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=438521\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> I'LL ASSUME THESE INVESTMENTS WERE FOR 1 YEAR.<BR>\n" );
document.write( ".08X+.03(1400-X)=67<BR>\n" );
document.write( ".08X+42-.03X=67<BR>\n" );
document.write( ".05X=67-42<BR>\n" );
document.write( ".05X=25<BR>\n" );
document.write( "X=25/.05<BR>\n" );
document.write( "X=$500 INVESTED @ 8%<BR>\n" );
document.write( "1400-500=$900 INVESTED @ 3%<BR>\n" );
document.write( "PROOF:<BR>\n" );
document.write( ".08*500+.03*900=67<BR>\n" );
document.write( "40+27=67<BR>\n" );
document.write( "67=67 </SPAN>\n" );
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