Asked by cindi
if investor invested $1600 in two mutual funds and one made of profit of 6% and one of 9% and total profit $108 what was the amount of two funds
Answers
Answered by
Reiny
amount at 6% ---x
amount at 9% ---- 1600-x
solve for x:
.06x + .09(1600-x) = 108
amount at 9% ---- 1600-x
solve for x:
.06x + .09(1600-x) = 108
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