the amount invested a total of 2,300 in two mutual funds. one fund earned a 9% profit while the other earned a 2% profit. if the investor's total profit was $165, how much was invested in each mutual fund?

Question

anonymous · Answer

@jim_thompson5910

jim_thompson5910 · Answer

the amount invested a total of 2,300 in two mutual funds.

means

x+y = 2300

where x is the amount invested in fund #1 and y is the amount invested in fund #2

jim_thompson5910 · Answer

one fund earned a 9% profit while the other earned a 2% profit ...the investor's total profit was $165

tells us that

0.09x + 0.02y = 165