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algabra

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if a investor invested 1,500 in two funds one earned 4% profit the other eared 2% profit if the investor profit was 42. how much was invested in each fund?

  • algabra -

    If $x was invested at 4%, then the rest (1500-x) was invested at 2%. So, adding up the interest earned,

    .04x + .02(1500-x) = 42.00
    x = $600

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