Mathematics
riah523
18

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?

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(1) Answers
SeritaManthei838

He invested $1300 in the first one and $1700 in the second one. x+y=3000 (total) 1.03x+1.04y=3000+107 (initial amount plus profit) x=3000-y 1.03(3000-y)+1.04y=3107 3090+0.01y=3107 0.01y=17 y=1700 x=3000-y x=3000-1700 x=1300

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