document.write( "Question 768665: AN investor invested a total of %1,500 in two mutual funds. One fund earned a 4% profit while the other one earned 2% profit. If the investor total profit was $36, how much was invested in each mutual funds. \r
\n" ); document.write( "\n" ); document.write( "The amount invested in the mutual fund that earned a 4% was
\n" ); document.write( "The amount invested in the mutual fund that earned a 2% was \n" ); document.write( "

Algebra.Com's Answer #468435 by John10(297) $\"\"$ $\"About$

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An investor invested a total of $1,500 in two mutual funds. One fund earned a 4% profit while the other one earned 2% profit. If the investor total profit was $36, how much was invested in each mutual funds. \r
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\n" ); document.write( "Hint: Let x and y are the amount of 4% investment and 2% investment respectively.\r
\n" ); document.write( "\n" ); document.write( "Then you will use those 2 variables to set up 2 EQUATIONS to make a linear equation system\r
\n" ); document.write( "\n" ); document.write( "The first equation is about the total fund which is $1500\r
\n" ); document.write( "\n" ); document.write( "The second equation is about the total earned interest of 2 accounts which is $36.\r
\n" ); document.write( "\n" ); document.write( "Solve the system by either substitution or elimination method.\r
\n" ); document.write( "\n" ); document.write( "Hope it's helpful.\r
\n" ); document.write( "\n" ); document.write( "If you need help with your math class, please contact me through my email or website at my profile. Thanks! John10 \n" ); document.write( "

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