SOLUTION: Charlie invested his savings in two investment funds. The amount he invested in Fund A was twice as much as the amount he invested in Fund B. Fund A returned a
7%
profit and Fu
Algebra.Com
Question 1047317: Charlie invested his savings in two investment funds. The amount he invested in Fund A was twice as much as the amount he invested in Fund B. Fund A returned a
7%
profit and Fund B returned a
5%
profit. How much did he invest in Fund B, if the total profit from the two funds together was
$2090
?
Answer by advanced_Learner(501) (Show Source): You can put this solution on YOUR website!
A=2B
0.07A+0.05B=2090
0.14B+0.05B=2090
0.19B=2090
B=
RELATED QUESTIONS
Greg invested his savings in two investment funds. The amount he invested in Fund A was... (answered by lwsshak3)
Carlos invested his savings in two investment funds. The amount he invested in Fund A was (answered by nerdybill)
Carlos invested his savings in two investment funds. The amount he invested in Fund A was (answered by ewatrrr)
Deshaun invested his savings in two investment funds. The amount he invested in Fund A... (answered by richwmiller)
Ryan invested his savings in two investment funds. The amount he invested in Fund A was
(answered by ankor@dixie-net.com)
Miguel invested his savings in two investment funds. The amount he invested in fund A was (answered by mananth)
Scott invested his savings into investment funds. The amount he invested in find A was... (answered by jorel555)
Kevin invested his savings in two investment funds. The amount he invested in Fund A was... (answered by ankor@dixie-net.com)
Sung invested his savings in two investment funds. The amount he invested in Fund A was 4 (answered by stanbon)