SOLUTION: An investor invested a total of $700 in two mutual funds. One fund earned a 7% profit while the other earned a 2% profit. If the investor's total profit was $39, how much was inves
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Question 768582: An investor invested a total of $700 in two mutual funds. One fund earned a 7% profit while the other earned a 2% profit. If the investor's total profit was $39, how much was invested in each mutual fund? Answer by oscargut(2103) (Show Source):
You can put this solution on YOUR website! An investor invested a total of $700 in two mutual funds. One fund earned a 7% profit while the other earned a 2% profit. If the investor's total profit was $39, how much was invested in each mutual fund?
x+y = 700
0.07x+0.02y = 39
solving it
x = 500 and y = 200
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