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

Question

2 years ago

10

f the investor's total profit was $223, how much was invested in each mutual fund?

1 answer:

Triss [41] · Answer 1 · 2023-04-30T11:32:33+03:00

Triss [41]2 years ago

7 0

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

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