An investor invested a total of $2 comma 500 in two mutual funds. One fund earned a 9% profit while the other earned a 6% pro

Question

2 years ago

8

fit. If the investor's total profit was $171, how much was invested in each mutual fund?

1 answer:

sergey [27] · Answer 1 · 2022-09-14T09:54:05+03:00

5 0

0.09x+0.06 (2500-x)=171

solve for x

0.09x+150-0.06x=171

0.03x+150=171

0.03x=171-150

0.03x=21

X=21÷0.03

X=700 invested at 9%

2500-700=1800 invested at 6%

Hope it helps!

An investor invested a total of ​$2 comma 500 in two mutual funds. One fund earned a 9​% profit while the other earned a 6​% pro