Question

An investor invested a total of $500 in two mutual funds. One fund earned a 8% profit while the other earned a 4% profit. If the investor's total profit was $32, how much was invested in each mutual fund? The amount invested in the mutual fund that earned 8% was? The amount invested in the mutual fund that earned 4% was?

Answer 1

if x at 8%, then 500-x at 4%
adding up the interest,

.08x + .04(500-x) = 32.00
x = 300

so,
$300 @ 8%
$200 @ 4%