document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=732059>Question 732059</A>: <I><SPAN STYLE=\"word-break: break-all;\"> \r<BR>\n" );
document.write( "\n" );
document.write( "An investor invested a total of $2300 in two mutual funds.  One fund earned a 6% profit, and the other a 2% profit.  If the total profit was $98, 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 #447476 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=447476\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .06X+.02(2,300-X)=98<BR>\n" );
document.write( ".06X+46-.02X=98<BR>\n" );
document.write( ".04X=98-46<BR>\n" );
document.write( ".04X=52<BR>\n" );
document.write( "X=52/.04<BR>\n" );
document.write( "X=$1,300 WAS INCVESTED @ 6%<BR>\n" );
document.write( "2300-1300=$1,000 INVESTED @ 2%.<BR>\n" );
document.write( "PROOF:<BR>\n" );
document.write( ".06*1300+.02*1000=98<BR>\n" );
document.write( "78+20=98<BR>\n" );
document.write( "98=98 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );