Posted by Sandy on Thursday, January 17, 2013 at 9:56am.
an investor invested a total of 1,100 in two mutual funds. One fund earned a 5% profit while the other earned a 2% profit. If the investor's total profit was 49.00 how much invested in each fund?

algebra  Corie, Thursday, January 17, 2013 at 9:59am
sorry sandy idk how to do your problem. I did try though :( could you please take a look at mine right below yours though and see if you could tell me how to do it?

algebra  Reiny, Thursday, January 17, 2013 at 10:16am
amount invested at 5%  x
amount invested at 2%  1100 x
.05x + .02(1100x) = 49
.05x + 22  .02x = 49
.03x = 27
x = 27/.03 = 900
invested at 5% = 900
invested at 2% = 200
check: 900+200=1100
.05(900) +.02(200) = 49
all is good!

algebra  Dylan, Thursday, January 17, 2013 at 10:16am
x + y = 1,100
a + b = 49
(x+5%) + (y+2%) = 1,149
That's all I could take from the question. Now how you solve and get the answer is beyond me.

algebra  Dylan, Thursday, January 17, 2013 at 10:28am
Ahh makes much more sense when Reiny did it. I remember learning this in algebra. I have a tendency to give everything its own variable, which makes the problem impossible to solve i guess.
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