An investor invested a total of $1,300 in two mutual funds. One fund earned a 4% profit while the other earned 2% profit. If the investors total profit was $38 how much was invested in each mutual fund?

The amount invested in the mutual fund that earned 4% was $__

The amount invested in the mutual fund that earned 2% was $__

Question

An investor invested a total of $1,300 in two mutual funds. One fund earned a 4% profit while the other earned 2% profit. If the investors total profit was $38 how much was invested in each mutual fund?

The amount invested in the mutual fund that earned 4% was $__

The amount invested in the mutual fund that earned 2% was $__

anonymous · Answer

basically all u gotta do is 38 times .04 and 38 times .02 and thats the answers for both

anonymous · Answer

is this correct? 1.52  and 0.76