Answer:
Jenelle put $13,000 in Fund A mutual fund and $ 4,000 in Fund B mutual fund.
Step-by-step explanation:
As soon as Jenelle invested $ 17000 in two mutual funds: Fund A, which earned a 4% profit during the first year; and Fund B, which suffered a 1.5% loss, if she received a total of $ 460 profit, to know how much had she invested in each mutual fund, the following calculation must be done:
17000 x 0.04 - 0 x 0.015 = 680
15000 x 0.04 - 2000 x 0.015 = 570
13000 x 0.04 - 4000 x 0.015 = 460
Therefore, Jenelle put $ 13,000 in Fund A mutual fund and $ 4,000 in Fund B mutual fund.
