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Algebra

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An investor invested a total of 2900 in two mutual funds. One fund earned a 9% profit the other earned a 5% profit. If the investors total profit was $217 how much was invested in each mutual fund.

  • Algebra - ,

    if x was invested at 9%, then 2900-x was invested at 5%.

    .09x + .05(2900-x) = 217
    x = 1800

    so, $1800 at 9%, $1100 at 5%

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