Question

An investor invested a total of $2,300 in two mutual funds. One fund earned a 9% profit while the other earned a 5% profit. If the investor's total profit was $159, how much was invested in each mutual fund?

Answer 1

First, do you know how to find 9% of 2,300 or 55 of 2,300?

Answer 2

not really. Math is my weak spot. Sorry.
maybe you divide 0.09 by 2300

Answer 3

Sort of, you multiply .9 and 2,300.

Answer 4

Can you solve the problem from there?

Answer 5

Thhat would be 2070

Answer 6

then

Answer 7

it would 1150 for the 5%

Answer 8

Good

Answer 9

if you minus them it would be 950

Answer 10

You can also add them together then divide them by 159

Answer 11

so that would be 1860

Answer 12

Try again, 2070 + 1150 divided by 159

Answer 13

20.25

Answer 14

Right

Answer 15

ok so what I put for the 5% and the 9%

Answer 16

5% would be 50 and for the 9% you do 159-50 to get your answer

Answer 17

That help?

Answer 18

so it would be 109

Answer 19

Yup

Answer 20

Yes very much so.

Answer 21

Best of luck

Answer 22

Thank you.

Answer 23

Yw