SOLUTION: After one year​ Jonny's two mutual funds returned a total of ​$16,750. The first fund returned 15% and the​ second, in which he had invested ​$11,000 ​
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Question 1108112: After one year Jonny's two mutual funds returned a total of $16,750. The first fund returned 15% and the second, in which he had invested $11,000 more, returned 8%. What was the amount of Jonny's original investment? Answer by Boreal(15235) (Show Source):
You can put this solution on YOUR website! x is one fund and returned 15%
(x+11000) is other fund and returned 8%
.15x+.08(x+11000)=16750
.15x+.08x+880=16750
.23x=15870
x=$69000@ 15%=$10350
x=$11000=80000 @8%=$6400
They add to $16,750
