SOLUTION: an investor invested a total of 2000 in two mutual funds. One fund earned 9% profit while the other earned a 2% profit. If the investor's total profit was $103, how much was invest

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: an investor invested a total of 2000 in two mutual funds. One fund earned 9% profit while the other earned a 2% profit. If the investor's total profit was $103, how much was invest      Log On

Hi

Question States:

  .09x + .02(2000-x) = 103

              x = 63/.07 = $900 , amount at 9&  and $1100 T 2%   



  $81 + $22 = $103  checks.

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