$12600 in two mutual funds. A earned 4% profit during the first year, while B suffered a 1.5% loss. If received a total of $262 profit, how much was in each

Question

Value/Interest - Interest with Two variables

Answer 1

X + Y = 12600 ---> Y = 12600 - x

 

0.04X - 0.015Y = 262

 

0.04X - 0.015(12600 - x) = 262

 

 

40X - 15(12600 - x) = 262000

 

40X - 189000 + 15x = 262000

 

55x - 189000 = 262000

 

55x = 451000

 

x  = 8200

 

y = 4400