SOLUTION: Leila invested her savings in two investment funds. The
$8000
that she invested in Fund A returned a
10%
profit. The amount that she invested in Fund B returned a
3%
pr
Algebra.Com
Question 1037693: Leila invested her savings in two investment funds. The
$8000
that she invested in Fund A returned a
10%
profit. The amount that she invested in Fund B returned a
3%
profit. How much did she invest in Fund B, if both funds together returned a
5%
profit?
Answer by jorel555(1290) (Show Source): You can put this solution on YOUR website!
Let n be the amount invested at 10%. Then
.1n+.03(8000-n)=.05(8000)
.1n+240-.03n=400
.07n=160
n=160/.07=$2285.71 invested at 10%
8000-n=$5714.29 invested at 3%!!!!!!!!!!!!
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