algebra 114
posted by debra .
an investor invested $800 in two mutual funds. One fund earned 7% and the other earned 3% profit. If the total profit was $48, how much was invested in each mutual fund.

algebra 114 
Reiny
amount at 7%  x
amount at 3%  800x
solve for x:
.07x + .03(800x) = 48
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