Maria invested $5500 in two mutual funds.One fund earned an 8% profit,while the other earned a 1.5% profit.Between the two accounts,Maria made a profit of $180. How much was invested in each account?

Question

nurali · Answer

let x=amount invested at 8% and (5500-x) amount invested at 1.5%
    180=8%x+1.5%(5500-x)
    180=0.08x+0.015(5500-x)
    180=0.08x+82.5-0.015x
    180=0.065x+82.5
    97.5=0.065x
    x=97.5/0.065
    x=$1500 invested at 8%
    $5500-$1500=$4000 invested at 1.5%