Setting up and solving equations involving percentages
okay i have another word problem that i just dont understand how to set up... or where to begin
a man invested a total of $22,000 in two investments. he made a profit of 7% on the first and 2% on the second investment. If his profit was $920, what was the amount of each investment?
what is 7% of the first investment in terms of x?
what is 2% of the second investment in terms of x?
write an equation that says the sum of your last two answers in equal to $920
solve this equation.
what was the amount of each investment?