An investor invested a total of $1 comma 700 in two mutual funds. one fund earned a 4% profit while the other earned a 2% profit. if the investor's total profit was $38, how much was invested in each mutual fund?

the amount invested that earned 4% profit is $200

the amount invested that earned 2% profit is $1500

Step-by-step explanation:

Let x represent the amount invested that earned 4% profit.

Let y represent the amount invested that earned 2% profit.

An investor invested a total of $1700 in two mutual funds. One fund earned a 4% profit while the other earned a 2% profit. It means that

x + y = 1700

The amount of profit earned on the first mutual fund is

4/100 × x = 0.04 × x = 0.04x

The amount of profit earned on the second mutual fund is

2/100 × y = 0.02 × y = 0.02y

If the investor's total profit was $38, it means that

0.04x + 0.02y = 38 - - - - - - - - - -1

Substituting x = 1700 - y into equation 1, it becomes

0.04(1700 - y) + 0.02y = 38

68 - 0.04y + 0.02y = 38

- 0.04y + 0.02y = 38 - 68

- 0.02y = - 30

y = - 30/- 0.02 = $1500

x = 1700 - y = 1700 - 1500

x = $200

depends on how many days you are talking about

step-by-step explanation: