Post a New Question

algebra 114

posted by .

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 -

    amount at 7% --- x
    amount at 3% --- 800-x

    solve for x:

    .07x + .03(800-x) = 48

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

More Related Questions

Post a New Question