Andy C. answered • 06/30/18

Tutor

New to Wyzant
Well if ALL of it was invested at 3%, then the return is $156 > $84

There is NO WAY ANY of it can be invested at 6%

Cal B.

asked • 04/18/18I've been having a tough time with this one. Every time I work the equation out it is either a negative amount, or is much larger than the original invested amount. Please Help.

An investor invested a total of $5200 in two mutual funds. one fund earned 6% profit and the other fund earned 3%. The Total profit was $84. How much was invested in each mutual fund?

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Andy C. answered • 06/30/18

Tutor

New to Wyzant
Well if ALL of it was invested at 3%, then the return is $156 > $84

There is NO WAY ANY of it can be invested at 6%

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