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OpenStudy (anonymous):
a investor invest $2300 in to funds. One earns 9 % and the other 2%. The total profit equals $109, how much was invested in each fund?
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OpenStudy (anonymous):
x+y=2300 0.09X+0.02y=109 Solve by substitution or combination.
OpenStudy (anonymous):
Alrigt so you have Total Investments = 9% investments plus 2% investment
OpenStudy (anonymous):
Money invested= Money invested into one + Money invested into two
OpenStudy (anonymous):
which is the equation star has
OpenStudy (anonymous):
CAN YOU SOLVE IT
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OpenStudy (anonymous):
x=900 y=1400
OpenStudy (anonymous):
this will help you in the future with problems relating to simple investment questions http://www.purplemath.com/modules/investmt.htm
OpenStudy (anonymous):
THX VERY MUCH
OpenStudy (anonymous):
TO ALL WHO REPLIED :)
OpenStudy (anonymous):
just concentrate on learning
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