An investor invested a total of $2,800 in two mutual funds. One fund earned a 9% profit while the other earned a 4% profit. If t

Question

3 years ago

10

An investor invested a total of $2,800 in two mutual funds. One fund earned a 9% profit while the other earned a 4% profit. If t

he investor's total profit was 5197 how much was invested in each mutual fund?
The amount invested in the mutual fund that earned 9% was $

Mathematics

2 answers:

givi [52] · Answer 1 · 2022-07-08T03:38:42+03:00

givi [52]3 years ago

4 0

9% of 1400 is 126
Why because you are going to divide 2800 by 2

eduard · Answer 2 · 2022-07-08T02:34:14+03:00

eduard3 years ago

3 0

2,800 divided by 2 is 1,400
Fund one: 9% of 1,400 is 126
Fund two: 4% of 1,400 is 56
Sorry I was doing this problem but then I gave up but this is what I got to lol