An investor invested a total of $1,800 in two mutual funds. One fund earned a 8% profit while the other earned a 2% profit. If the investor's total profit was $78, how much was invested in each mutual fund?

the amount invested that earned 8% is?
the amount invested that earned 2% is?

Question

An investor invested a total of $1,800 in two mutual funds. One fund earned a 8% profit while the other earned a 2% profit. If the investor's total profit was $78, how much was invested in each mutual fund?

the amount invested that earned 8% is?
the amount invested that earned 2% is?

anonymous · Answer

x = invested @ 8%
y = invested @ 2%

x + y = 1800
.08x + .02y = 78

now using either substitution or elimination you need to solve for x and y.  Do you understand either one of those methods?

anonymous · Answer

how are u doing?

anonymous · Answer

good and you?

anonymous · Answer

I am good - I was referring to understanding the problem.

anonymous · Answer

oh yes thank you I answered it correctly

anonymous · Answer

Great.