algebra
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 $ ?
asked by
Samantha

$X @ 3%.
$(2600x) @ 5%.
0.03x + 0.05(2600x) = $98.
0.03x + 1300.05x = 98
0.02x = 98130 = 32
X = $1600 @ 3%.
2600x = 26001600 = $1000. @ 5%.
posted by Henry
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