An investor invested a total of $3,500 in two mutual funds. One fund earned a 8% profit while the other earned a 5% profit. I
f the investor's total profit was $223, how much was invested in each mutual fund?
1 answer:
Answer:
i found this so srry if its wrong i saw no one answering this so i wanna help
Step-by-step explanation:
so, x*(7/100) + (3500 - x)*(4/100) = 197
=> 3x + 14000 = 19700
=> 3x = 19700 - 14000
=> x = 5700/3 = 1900
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