naomi101906 naomi101906

01-11-2021
Mathematics

contestada

An investor invested a total of $1,600 in two mutual funds. One fund earned a 4% profit while the other earned a 2% profit. If the investor's total profit was $36, how much was invested in each mutual fund?

Respuesta :

Penguin2923 Penguin2923

01-11-2021

Answer:

The amount that was invested into the two funds was $782

Step-by-step explanation:

Because $1600 minus $1564 equals $36 which was the investor's profit. And $1564 divided by two equals $782

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