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algebra

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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 - ,

    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 - ,

    amount invested at 5% ---- x
    amount invested at 2% ----- 1100 -x

    .05x + .02(1100-x) = 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 - ,

    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 - ,

    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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