William S.

asked • 11/10/22

Idk how to do this problem.

A bank invested ​$300,000 last year in mutual funds. The conservative fund earned 5​% simple interest. The growth fund earned 15​% simple interest. At the end of the​ year, the bank had earned ​$41,000 from these mutual funds. How much did it invest in each​ fund?

What is the amount invested at 15% in growth fund?

What is the amount invested at 5% in the conservative fund?

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