Problema Solution
An investor invested a total of $2300 in two mutual funds. one earned 6% while the other earned 2% of profit it the investor earned a profit of $86 how much was invested into each fund.
6% fund earned???
2% fund earned ???
Answer provided by our tutors
let he invested in 6% = x
in 2% = y
x+y=2300
6x/100 + 2y/100 = 86
3x + y = 4300
2x = 2000
x = 1000
y = 1300