An investor invested a total of $2 comma 500 in two mutual funds. One fund earned a 8% profit while the other earned a 6% profit. If the investor's total profit was $166, how much was invested in each mutual fund?
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sorry I can't anwer your question
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Step-by-step explanation:
8%earned profit invested in mutual fund=285.7142
6% earned profit invested in mutual fund=214.2857
Step-by-step explanation:
500×8/14=285.7142
500×6/14=214.2857
OR
0.09x+0.06 (2500-x)=171
solve for x
0.09x+150-0.06x=171
0.03x+150=171
0.03x=171-150
0.03x=21
X=21÷0.03
X=700 invested at 9%
2500-700=1800 invested at 6%
Hope it helps!
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