document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=744436>Question 744436</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help me solve this equation.\r<BR>\n" );
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document.write( "An investor invested a total of $1,800 in two mutual funds. One fund earned 9% profit while the other earned 3% profit. If the investor's total profit was $84, how much was invested in each mutual fund?\r<BR>\n" );
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document.write( "The amount invested in the mutual fund is earned 9% was $ ___\r<BR>\n" );
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document.write( "The amount invested in teh mutual fund that earned 3% was $___ </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #453322 by </B><A HREF=/tutors/aboutme.mpl?userid=rothauserc><B>rothauserc(4718)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rothauserc><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/cgi-bin/show-face.mpl?user=rothauserc><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=453322\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The problem states\r<BR>\n" );
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document.write( "An investor invested a total of $1,800 in two mutual funds. One fund earned 9% profit while the other earned 3% profit. If the investor's total profit was $84, how much was invested in each mutual fund? \r<BR>\n" );
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document.write( "let x = amount of money invested in 9% stock and<BR>\n" );
document.write( "1800-x is amount of money invested in 3% stock\r<BR>\n" );
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document.write( "then we have\r<BR>\n" );
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document.write( ".09x + .03(1800 - x) = 84\r<BR>\n" );
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document.write( ".09x + 54 - .03x = 84\r<BR>\n" );
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document.write( ".06x = 30\r<BR>\n" );
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document.write( "x = 500\r<BR>\n" );
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document.write( "so $500  was invested at 9% and <BR>\n" );
document.write( "   $1300 was invested at 3%\r<BR>\n" );
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document.write( " </SPAN>\n" );
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