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?

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A:

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A: In add on method we simply add interest for given period and add to that with principal amount.

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A: The payback period is simply calculated as ratio of initial cost and periodical cash flow

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Q: man

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