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An investor invested a total of $2,800 in two mutual funds. One fund earned a 9% profit while the other earned a 4% profit. If the investor's total profit was 5197 how much was invested in each mutual
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An investor invested a total of $2,800 in two mutual funds. One fund earned a 9% profit while the other earned a 4% profit. If the investor's total profit was 5197 how much was invested in each mutual fund?

The amount invested in the mutual fund that earned 9% was $

User Aram Arabyan
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2 Answers

3 votes
9% of 1400 is 126
Why because you are going to divide 2800 by 2
User Nob
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8.1k points
7 votes
2,800 divided by 2 is 1,400
Fund one: 9% of 1,400 is 126
Fund two: 4% of 1,400 is 56
Sorry I was doing this problem but then I gave up but this is what I got to lol
User MeiNan Zhu
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7.6k points
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