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math

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an investor invested a total of $2,900 in two mutual funds. One fund earned a 7% profit while the other earned a 2% profit. If the investor's total profit was $108, how much was invested in each mutual fund?

  • math -

    invested at 7% --- x
    invested at 2% ---- 2900-x

    solve for x

    .07x + .02(2900-x) = 108
    times 100
    7x + 2(2900-x) = 10800

    take it from there.

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