ArtisticGhost
contestada

an investor invested a total of $2,900 in two mutual funds. One fund earned a 6% profit and the other earned a 4% profit. If the investors total was $136, how much was invested in each mutual fund?​

Respuesta :

The first fund got 186
The second fund got 132
mhanifa

Answer:

  • $2000 at 6%
  • $900 at 4%

Step-by-step explanation:

Let the funds be:

  • x at 6% and 2900 - x at 4%

Then the earning is:

  • x*0.06 + (2900 - x)*0.04 = 136
  • 0.06x + 116 - 0.04x = 136
  • 0.02x = 20
  • x = 20/0.02
  • x = 2000

So $2000 was invested at 6% and $900 at 4%

Otras preguntas