An investor invested a total of $3,400 in two mutual funds. One fund earned 8% profit while the other earned a 3% profit. If the investor's total profit was $202, how much was invested in each mutual fund?

Answer 1

amount invested at 8% ---- x
amount invested at 3% ---- 3400-x

solve for x

.08x + .03(3400-x) = 202
8x + 3(3400-x) = 20200
....
....
x = ....