SOLUTION: An investor invested a total of $2000 in two mutual funds. One fund earned a 6% profit while the
other earned a 3% profit. If the investor’s total profit was $84, how much was inv
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-> SOLUTION: An investor invested a total of $2000 in two mutual funds. One fund earned a 6% profit while the
other earned a 3% profit. If the investor’s total profit was $84, how much was inv
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Question 1037966: An investor invested a total of $2000 in two mutual funds. One fund earned a 6% profit while the
other earned a 3% profit. If the investor’s total profit was $84, how much was invested in each mutual
fund? Answer by addingup(3677) (Show Source):
You can put this solution on YOUR website! Let the amount at 6% be x:
0.06x+0.03(2000-x) = 84
0.06x+60-0.03x = 84
0.06x-0.03x = 84-60
0.03x = 24
x = 800
He invested 800 at 6% and 2000-800 = 1200 at 3%
