Question

I need help coming up with an equation for this word problem so I can solve it
An investor invested a total of $800 in two mutual funds. One fund earned a 7% profit while the other earned a 5% profit. If the investor total profit was $44 how much was invested in each fund

Answer 1

Let x = the money invested at 7%
Let y = the money invested at 5%
Now we can write 2 equations each involving x and y

Answer 2

Probably the easiest one follows from the fact that the total of our invested money is 800.

Answer 3

To clarify
x = the money invested at 7% at the beginning
y = the money invested at 5% at the beginning

Answer 4

Can you write one of the equations given that the total money invested has to be 800?

Answer 5

.07x + .05y = 800

Answer 6

No. x + y = 800

Answer 7

im not good with word problems thanks for helping

Answer 8

.07x + .05y = 45

Answer 9

So now you have 2 equations with two unknowns. I would recommend solving x + y = 800 for either x or y and then plugging the result into the other equation.

Answer 10

ok so now I can just solve thanks a lot

Answer 11

sure.no problem. good luck!