SOLUTION: An investor invested a total of 2,000 in two mutual funds. One fund earned a 8% profit while the other earned 4% profit. If the investor total profit was $92, how much was invested
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Question 773974: An investor invested a total of 2,000 in two mutual funds. One fund earned a 8% profit while the other earned 4% profit. If the investor total profit was $92, how much was invested in each mutual fund? Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Let = amount invested in 8% profit fund = amount invested in 4% profit fund
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$300 was invested in 8% profit fund
$1700 was invested in 4% profit fund
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check:
OK
