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August 1, 2014

Homework Help: algebra

Posted by Samantha on Sunday, November 18, 2012 at 1:35pm.

An investor invested a total of $2,600 in two mutual funds. One fund earned a 5% profit while the other earned a 3% profit. If the investor's total profit was $98, how much was invested in each mutual fund?

The amount invested in the mutual fund that earned 5% was $ ?

The amount invested in the mutual fund that earned 3% was $ ?

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