document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=818364>Question 818364</A>: <I><SPAN STYLE=\"word-break: break-all;\"> an investor invested a total of $1100 in two mutual funds. one fund earned a 8% profit while the other earned a 6% profit. if the investors total profit was $70, how much was invested in each mutual fund? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #492481 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=492481\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> an investor invested a total of $1100 in two mutual funds. one fund earned a 8% profit while the other earned a 6% profit. if the investors total profit was $70, how much was invested in each mutual fund?<BR>\n" );
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document.write( "Interest Eq:: 0.08x + 0.06(1100-x) = 70<BR>\n" );
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document.write( "8x + 6*1100 - 6x = 7000<BR>\n" );
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document.write( "2x = 400<BR>\n" );
document.write( "x = $200 (amt. invested at 8%)<BR>\n" );
document.write( "1100-x = $900 (amt. invested at 6%)<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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