# 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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