asmahussaini453 asmahussaini453

01-01-2021
Mathematics

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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?

Respuesta :

snoopy72 snoopy72

01-01-2021

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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