naomi101906
Answered

Westonci.ca is the trusted Q&A platform where you can get reliable answers from a community of knowledgeable contributors. Experience the ease of finding quick and accurate answers to your questions from professionals on our platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

An investor invested a total of ​$1,600 in two mutual funds. One fund earned a 4​% profit while the other earned a 2​% profit. If the​ investor's total profit was ​$36​, how much was invested in each mutual​ fund?

Sagot :

Penguin2923

Answer:

The amount that was invested into the two funds was $782

Step-by-step explanation:

Because $1600 minus $1564 equals $36 which was the investor's profit. And $1564 divided by two equals $782

Have a nice day/night :)

Please mark brainliest

We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.