amount invested at 9% --- x
amount invested at 5% --- 1900-x
.09x + .05(1900-x) = 143
multiply by 100 to get rid of decimals
9x + 5(1900-x) = 14300
take over from here
An investor invested a total of
$1,900
in two mutual funds. One fund earned a
9%
profit while the other earned a
5%
profit. If the investor's total profit was
$143,
how much was invested in each mutual fund?
The amount invested in the mutual fund that earned
9%
was
what?
The amount invested in the mutual fund that earned
5%
was
what?
1 answer