Question
an investor invested a total of $2100 in two mutal funds. one fund earned a 9% profit while the other earned a 7% profit.if the total profit was $161 how much was invested in each fund
Answers
Steve
.09x + .07(2100-x) = 161
x = 700
so, $700 at 9% and $1400 at 7%
x = 700
so, $700 at 9% and $1400 at 7%