Jerry invested $10,000 in two mutual funds. Fund A earned 6% profit during the first year, and Fund B earned 2% profit.  If he received a total of $474 profit, how much had he invested in each mutual fund?

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter19: Capital Investment
Section: Chapter Questions
Problem 8E
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Jerry invested $10,000 in two mutual funds. Fund A earned 6% profit during the first year, and Fund B earned 2% profit.  If he received a total of $474 profit, how much had he invested in each mutual fund?

 

second question 

Your yard is a mess, and you decide to hire a landscaper.  The Greenhouse charges a $80 consultation fee plus $14 per hour for the actual work. Determine the number of hours of yard work for the cost of hiring the Greenhouse to equal the cost of hiring Garden Pros.

 

question 3

 

At a concession stand, five hotdogs and five sodas cost $30. Two hot dogs and four sofas cost $15. Determine the price of each hot dog and each soda. 

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