document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1037966>Question 1037966</A>: <I><SPAN STYLE=\"word-break: break-all;\"> An investor invested a total of $2000 in two mutual funds. One fund earned a 6% profit while the<BR>\n" );
document.write( "other earned a 3% profit. If the investor’s total profit was $84, how much was invested in each mutual<BR>\n" );
document.write( "fund? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #652640 by </B><A HREF=/tutors/aboutme.mpl?userid=addingup><B>addingup(3677)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=addingup><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=addingup><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=652640\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let the amount at 6% be x:<BR>\n" );
document.write( "0.06x+0.03(2000-x) = 84<BR>\n" );
document.write( "0.06x+60-0.03x = 84<BR>\n" );
document.write( "0.06x-0.03x = 84-60<BR>\n" );
document.write( "0.03x = 24<BR>\n" );
document.write( "x = 800<BR>\n" );
document.write( "He invested 800 at 6% and 2000-800 = 1200 at 3% </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );