algebra

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an investor invested a total of 1,600 in 2 mutual funds.One fund earned a 6% profit while the other earned a 2% profit. If the investors profit was $56, how much was invested in each mutual fund.

amount invested in mutual fund that earned 6% was___
amount invested in fund that earned 2% was
___

  • algebra -

    6% account ---- x
    2% account ---- 1600-x

    .06x + .02(1600-x) = 56
    .06x + 32 - .02x = 56
    .04x = 24
    x = 24/.04 = 600

    $600 at 6% and $1000 at 2%

  • algebra -

    An investor invested a total of of $2500 in two mutual funds. One fund earned a 7% profit while the other earned a 4% profit. If the investor's total profit was $14, how much was invested in each mutual fund?

  • algebra -

    An investor invested a total of $2000 in two mutual funds. One fund earned 9% profit while the other earned a 6% profit. If the investor's total profit was $129, how much was invested in each mutual fund?

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