SOLUTION: An investor invested a total of $2,800 in two mutual funds. One fund earned 9% profit while the other earned a 5% profit. If the investors total profit was $180 how much was invest
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Question 756597: An investor invested a total of $2,800 in two mutual funds. One fund earned 9% profit while the other earned a 5% profit. If the investors total profit was $180 how much was invested in each mutual fund? Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Let = amount invested at 9% = amount invested at 5%
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given:
Amount invested at 9% is $1,000
Amount invested at 5% is $1,800
check:
OK
