Question

An investor invested a total of ​$2100 in two mutual funds. One fund earned a ​4% profit while the other earned a ​2% profit. If the​ investor's total profit was ​$62​, how much was invested in each mutual​ fund?

Answer 1

x+y=2100

x(0.04) + y(0.02) = 62

(2100-y)(0.04)+ 0.02y = 62

84-0.02y = 62

22/0.02=y

y=1100

x=1000