Post a New Question


posted by .

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.

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions

Post a New Question