Question

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?​

Answer 1

The first fund got 186
The second fund got 132

Answer 2

• $2000 at 6%
• $900 at 4%

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%