2 years ago

Help me out please??

Mathematics

1 answer:

dsp732 years ago

6 0

I need
points to ask for help on math question so sorry

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vector is <-13, -7>

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An investor invested a total of $2,800 in two mutual funds. One fund earned 5% profit while the other earned 3% profit. If the i

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Answer:

The amount invested in the mutual fund that earned 5% was $1,000

The amount invested in the mutual fund that earned 3% was $1,800

Step-by-step explanation:

Let

x ----> the amount invested in the mutual fund that earned 5%

y ----> the amount invested in the mutual fund that earned 3%

we know that

$x+y=2,800$ ----> $y=2,800-x$ ----> equation A

$5\%=5/100=0.05$

$3\%=3/100=0.03$

$0.05x+0.03y=104$ ----> equation B

Solve the system by substitution

substitute equation A in equation B

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Solve for x

$0.05x+84-0.03x=104$

$0.05x-0.03x=104-84$

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$x=\$1,000$

<em>Find the value of y</em>

$y=2,800-x$

$y=2,800-1,000=\$1,800$

therefore

The amount invested in the mutual fund that earned 5% was $1,000 and the amount invested in the mutual fund that earned 3% was $1,800

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3 years ago