An inestor invested a total of $1,800 in two mutal funds.

Question

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?

Answer 1

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