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March 26, 2017

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an investor invested $800 in two mutual funds. One fund earned 7% and the other earned 3% profit. If the total profit was $48, how much was invested in each mutual fund.

  • algebra 114 - ,

    amount at 7% --- x
    amount at 3% --- 800-x

    solve for x:

    .07x + .03(800-x) = 48

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