Question

Here is my problem is a algebra word problem. an invesory invested a total of 3,100 in two mutual funds. one earned 7% the other 2% total profit of 132.00 how much was invested in each mutual fund.

Answer 1

can you write an expression that relates the amounts invested in each fund?

Answer 2

x = account one
y = account two

Amount Invested:
x + y = 3100

Amount Profit
.07x + .02y = 132.00

Solve the system

Answer 3

umm, I think this is plain Algebra, not Linear Algebra...