Homework Help: algebra

Posted by nic on Sunday, January 13, 2013 at 5:33pm.

an investor invested a total of $2100 in two mutal funds. one fund earned a 9% profit while the other earned a 7% profit.if the total profit was $161 how much was invested in each fund

algebra - Steve, Sunday, January 13, 2013 at 6:37pm
.09x + .07(2100-x) = 161
x = 700

so, $700 at 9% and $1400 at 7%

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