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    Patereale's Avatar
    Patereale Posts: 2, Reputation: 1
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    #1

    Jul 15, 2012, 11:22 AM
    Word problem answers
    An investor invested a total of 1,400.00 in 2 mutual funds. 1 fund earned a 9% profit and the other a 4%. If the investors total profit was 101.00, how much was invested in each mutual fund?
    Unknown008's Avatar
    Unknown008 Posts: 8,076, Reputation: 723
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    #2

    Jul 15, 2012, 11:24 AM
    Set up your equations.

    What is the expression giving the amount of profit in the first fund? Call the amount invested a

    And the second? That amount invested would be (1400 - a).
    Patereale's Avatar
    Patereale Posts: 2, Reputation: 1
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    #3

    Jul 15, 2012, 11:40 AM
    Quote Originally Posted by Unknown008 View Post
    Set up your equations.

    What is the expression giving the amount of profit in the first fund? Call the amount invested a

    And the second? That amount invested would be (1400 - a).
    I am multiplying 9% x 101, which does not seem to be the right thing to be doing?
    Unknown008's Avatar
    Unknown008 Posts: 8,076, Reputation: 723
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    #4

    Jul 15, 2012, 11:42 AM
    Okay, let's do it another way.

    Let's say you invest a sum of in the first trust. How much profit do you expect to get?

    Case example, investing $100 in a trust with 5% profit gives me a profit = $100*5% = $100*(5/100) = $5
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