SOLUTION: Gustave invested a total of $21,000 in two mutual funds. One fund earned a profit of 8% and the other incurred a loss of 12%. His net loss for the two funds together was $640. How

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Question 263859: Gustave invested a total of $21,000 in two mutual funds. One fund earned a profit of 8% and the other incurred a loss of 12%. His net loss for the two funds together was $640. How much did he invest in each fund?
Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
a+b=21000
.08*a-.12b=-640
a=9400 at 8% b=11600. at 12%