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3 years ago

12

An investor invested a total of $2100 in two mutual funds. One fund earned a 4% profit while the other earned a 2% profit. If

the investor's total profit was $62, how much was invested in each mutual fund?

1 answer:

denpristay [2]3 years ago

4 0

Answer:

x+y=2100

x(0.04) + y(0.02) = 62

(2100-y)(0.04)+ 0.02y = 62

84-0.02y = 62

22/0.02=y

y=1100

x=1000

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