John Invested $10,000 in two mutual funds. If John's investment rose a total of $684 in one year how much did he invest in each mutual fund?

Question

John Invested $10,000 in two mutual funds. One of them rose 6% the other 9% in one year. If John's investment rose a total of  $684 in one year how much did he invest in each mutual fund?

Answer 1

6X + 9(10K-X) = 684

9X - 6X = 900-684 =216

3X = 216

X= 216/3 = $7,200 invested at 6%

10K - 7200 = $2,800 invested at 9%

9x28 =252

6x72= 432

252+ 432 = $684