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algebra

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An investor invested a total of $500 in two mutual funds. One fund earned a 8% profit while the other earned a 4% profit. If the investor's total profit was $32, how much was invested in each mutual fund? The amount invested in the mutual fund that earned 8% was? The amount invested in the mutual fund that earned 4% was?

  • algebra - ,

    if x at 8%, then 500-x at 4%
    adding up the interest,

    .08x + .04(500-x) = 32.00
    x = 300

    so,
    $300 @ 8%
    $200 @ 4%

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