document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=734396>Question 734396</A>: <I><SPAN STYLE=\"word-break: break-all;\"> an investor invested a total of $2300 in two mutual funds. one fund earned a 7% profit while the other earned a 2% profit. if the investors total profit was $66, 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 #448914 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=448914\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> an investor invested a total of $2300 in two mutual funds. one fund earned a 7% profit while the other earned a 2% profit. if the investors total profit was $66, how much was invested in each mutual fund?<BR>\n" );
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document.write( "Quantity Equation: a + b = 2300 dollars<BR>\n" );
document.write( "Profit Equation:  7a +2b = 6600 <BR>\n" );
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document.write( "Multiply Quantity Eq through by 2:<BR>\n" );
document.write( "2a + 2b = 2*2300<BR>\n" );
document.write( "7a + 2b = 6600<BR>\n" );
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document.write( "Subtract and solve for \"a\":<BR>\n" );
document.write( "5a = 2000<BR>\n" );
document.write( "a = $500.00 (amt invested at 7%<BR>\n" );
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document.write( "b = 2300-500 = $1800.00 (amt invested at 2%)<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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