Alan W.

asked • 12/02/12

word problem

an investor invested a total $2900 in two mutual funds, one fund earned 7% where the other earned 2%, the investors total profit was $148.

what was the amount invested in the fund that earned 7%?

what was the amount invested in the fund that earned 2%?

1 Expert Answer

By:

Roberto C. answered • 12/02/12

Tutor
5.0 (178)

Highly Qualified Teacher - Algebra, Geometry and Spanish

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.