Can someone please help me solve my problem? I have a time limit I need to have this completed.

Question

anonymous · Answer

An investor invested a total of $1,500 in two mutual funds. One fund earned a 6% profit while the other earned a 3% profit. If the investor's total profit was $51, how much was invested in each mutual fund?

dumbcow · Answer

A + B = 1500
.06A +.03B = 51

solve system for A,B
i recommend multiplying 2nd equation by 100 to get rid of decimals

anonymous · Answer

@dumbcow okay, I can do that. I just wasn't sure how to set it up.

dumbcow · Answer

no problem

anonymous · Answer

Thank you! :]

anonymous · Answer

I want to make sure that I am doing it correctly. when I multiply the second equation by 100 I will end up with 7a + 3b = 5100, right?

anonymous · Answer

@dumbcow

anonymous · Answer

oops i meant to put 6a + 3b = 5100

dumbcow · Answer

yes thats right