vanessacz vanessacz

11-07-2014
Mathematics

Answered

a man invested a total of $3,000 in two investments. he made a profit of 3% on the first investment and 4% on the second investment. if his total profit was $107, what was the amount of each investment?

Verified Answer :

12-07-2014

Let the first investment be x
and second be 3000-x

so 3%of x + 4% of (3000-x) = 107
By solving x = 1300

First investment is 1300
second investment is 1700

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