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?

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).

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Originally Posted by Unknown008

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).

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I am multiplying 9% x 101, which does not seem to be the right thing to be doing?

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