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OpenStudy (anonymous):
An investor invested a total of $2,300 in two mutual funds. One earned 5% profit while the other earned 2% profit. If the investor's total profit was $70, how much was invested in each mutual fund?
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OpenStudy (anonymous):
What I have so far is .05x + .02y =70 Then .05(2300-y) + .02y=70 Im stuck from there
OpenStudy (anonymous):
ok lets guess that y = 1500 lets see
OpenStudy (anonymous):
we cant guess, I know that I have done a problem like this before and now all the sudden I am drawing a blank
OpenStudy (anonymous):
what is 0.2(1500)?
OpenStudy (anonymous):
what is 0.5(800)?
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OpenStudy (anonymous):
.2 times 1500?
OpenStudy (anonymous):
.02 * 1500=30
OpenStudy (anonymous):
|dw:1373588218679:dw|
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