document.write( "Question 1062286: An investor invested a total of $3,000 in two mutual funds. One fund earned a 7% profit while the other earned a 2% profit. If the investor's total profit was $130, how much was invested in each mutual fund? \n" ); document.write( "
Algebra.Com's Answer #677144 by Boreal(15235) You can put this solution on YOUR website! x makes 7% \n" ); document.write( "3000-x makes 2% \n" ); document.write( ".07x+.02(3000-x)=130 \n" ); document.write( ".07x+60-.02x=130 \n" ); document.write( "0.05x=70; multiply both sides by 20 \n" ); document.write( "x=$1400@7%=$98 \n" ); document.write( "3000-x=$1600@2%=$32 \n" ); document.write( "Total is $130. \n" ); document.write( " |