document.write( "Question 742568: An investor invested a total of 2,200 in two mutual funds. One fund earned 8 percent profit, while the other earned 4 percent profit. If the investors total profit was $124, how much was invested in each mutual fund? \n" ); document.write( "

Algebra.Com's Answer #452574 by stanbon(75887) $\"\"$ $\"About$

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An investor invested a total of 2,200 in two mutual funds. One fund earned 8 percent profit, while the other earned 4 percent profit. If the investors total profit was $124, how much was invested in each mutual fund?
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\n" ); document.write( "Equations:
\n" ); document.write( "Quantity: x + y = 2200
\n" ); document.write( "Interest:8x +4y = 12400
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\n" ); document.write( "4x + 4y = 8800
\n" ); document.write( "8x + 4y = 12400
\n" ); document.write( "-------------------------
\n" ); document.write( "4x = 3600
\n" ); document.write( "x = $900.00 (amt. invested at 8%)
\n" ); document.write( "----
\n" ); document.write( "Solve for \"y\":
\n" ); document.write( "x + y = 2200
\n" ); document.write( "y = $1300 (amt. invested at 4%)
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\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
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