document.write( "Question 768582: An investor invested a total of $700 in two mutual funds. One fund earned a 7% profit while the other earned a 2% profit. If the investor's total profit was $39, how much was invested in each mutual fund? \n" ); document.write( "
Algebra.Com's Answer #468380 by oscargut(2103)![]() ![]() You can put this solution on YOUR website! An investor invested a total of $700 in two mutual funds. One fund earned a 7% profit while the other earned a 2% profit. If the investor's total profit was $39, how much was invested in each mutual fund?\r \n" ); document.write( "\n" ); document.write( "x+y = 700\r \n" ); document.write( "\n" ); document.write( "0.07x+0.02y = 39\r \n" ); document.write( "\n" ); document.write( "solving it\r \n" ); document.write( "\n" ); document.write( "x = 500 and y = 200\r \n" ); document.write( "\n" ); document.write( "You can ask me more at: mthman@gmail.com\r \n" ); document.write( "\n" ); document.write( "Thanks \n" ); document.write( " \n" ); document.write( " |