document.write( "Question 995276: an investor invested a total of $2,300 in two mutual funds. one fund earned 6% profit An investor invested a total of $2300 in two mutual funds. One fund earned a 6% profit, and the other a 2% profit. If the total profit was $74, how much was invested in each mutual fund? \n" ); document.write( "

Algebra.Com's Answer #614051 by stanbon(75887) $\"\"$ $\"About$

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an investor invested a total of $2,300 in two mutual funds. one fund earned 6% profit An investor invested a total of $2300 in two mutual funds. One fund earned a 6% profit, and the other a 2% profit. If the total profit was $74, how much was invested in each mutual fund?
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\n" ); document.write( "Equation:
\n" ); document.write( "profit + profit = $74.00
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\n" ); document.write( "0.06x + 0.02(2300-x) = 74
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\n" ); document.write( "6x + 2*2300 - 2x = 7400
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\n" ); document.write( "4x = 7400-4600
\n" ); document.write( "4x = 2800
\n" ); document.write( "x = $700 (amt invested at 6%)
\n" ); document.write( "2300-x = $1600 (amt invested at 2%)
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\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
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