An investor invested a total of $1,800 in two mutal funds. One fund earned a 5% profit and the other earned a 3% profit.  If the investor's total profit was $62, how much was invested in each mutal fund?
in Algebra 1 Answers by

Your answer

Your name to display (optional):
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please log in or register.

1 Answer

x+y=1800$, or y=1800-x

0.03x +0.05y=62$

0.03x + 0.05*(1800-x)=62

0.03x -0.05x +90=62

-0.02x=-28

2x=+2800

x=1400
by

Related questions

1 answer
Welcome to MathHomeworkAnswers.org, where students, teachers and math enthusiasts can ask and answer any math question. Get help and answers to any math problem including algebra, trigonometry, geometry, calculus, trigonometry, fractions, solving expression, simplifying expressions and more. Get answers to math questions. Help is always 100% free!
87,515 questions
100,352 answers
2,420 comments
770,084 users