Question 630568
An investor invested a total of $1,300 in two mutual funds. One fund earned a 8% profit while the other earned a 5% profit. If the investor's total profit was $95, how much was invested in each mutual fund?

-------------------------------------
Hi,

We will solve the linear system of two linear equations:

We will let x be the amount of 8% investment and y be the amount of 5% investment

Equation 1: x + y = 1300 (total invested money)
Equation 2: 0.08x + 0.05y = 95 (total interest of both investments)

Solve the linear system and you will find your answers:)

John10