Math
posted by Skyler on .
A person invests $4500.oo into 2 different mutual funds. The first has a 4.5% interest rate the second 6%. He made a total of $225 in the investment. How much did he invest in each fund?

Invested $X @ 4.5%.
Invested $(4500X) @ 6%.
Investment assumed to be for 1 year.
.045x + 0.06(4500x) = $225.
.045x + 270  0.06x = 225
0.015x = 225  270 = 45
X = $3000 @ 4.5%.
4500x = 45003000 = $1500 @ 6%.