# algebra

posted by Samantha

An investor invested a total of \$2,600 in two mutual funds. One fund earned a 5% profit while the other earned a 3% profit. If the investor's total profit was \$98, how much was invested in each mutual fund?

The amount invested in the mutual fund that earned 5% was \$ ?

The amount invested in the mutual fund that earned 3% was \$ ?

1. Henry

\$X @ 3%.
\$(2600-x) @ 5%.

0.03x + 0.05(2600-x) = \$98.
0.03x + 130-0.05x = 98
-0.02x = 98-130 = -32
X = \$1600 @ 3%.
2600-x = 2600-1600 = \$1000. @ 5%.

## Similar Questions

1. ### algebra

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 …
2. ### Mat/116

An investor invested \$3,400 in two mutual funds.One fund earned a 6%profit while the other earned a 3% profit. If the investor's total profit was \$144,how much was invested in each mutual fund?
3. ### 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?
4. ### Algebra

An investor invested a total of \$1400 in two mutual funds. One fund earned a 6% profit while the other earned a 2% profit. If the investor's total profit was \$72, how much was invested in each mutual fund?
5. ### algebra

An investor invested a total of \$500 in two mutual funds. One fund earned a 8% profit while the other earned a 4% profit. If the investor's total profit was \$32, how much was invested in each mutual fund?
6. ### math

an investor invested a total of \$2,900 in two mutual funds. One fund earned a 7% profit while the other earned a 2% profit. If the investor's total profit was \$108, how much was invested in each mutual fund?
7. ### Algebra

An investor invested a total of 1,400 in two mutual funds. One fund earned a 8% profit while the other earned a 3% profit. if the investor's profit was \$67, how much was invested in each mutual fund?
8. ### mat/116

Please help me slove this question. An investor invested a total of \$3,200 in tow mutual funds. One fund earned 5% profit while the other earned a 2% profit. If the invesor's total profit was \$103, how much was invested in each mutual …
9. ### MAT116

An investor invested a total of \$3,400 in two mutual funds. One fund earned 8% profit while the other earned a 3% profit. If the investor's total profit was \$202, how much was invested in each mutual fund?
10. ### Algebra

An investor invested a total of \$1900 in two mutual funds. One fund earned a 6% profit while the other earned a 2% profit. If the investor's total profit was \$94, how much was invested in each mutual fund?

More Similar Questions