SOLUTION: Rachel invested her savings in two investment funds. The amount she invested in Fund A was $8000 less than the amount she invested in Fund B. Fund A returned a 5% profit and Fund B
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Question 1076796: Rachel invested her savings in two investment funds. The amount she invested in Fund A was $8000 less than the amount she invested in Fund B. Fund A returned a 5% profit and Fund B returned a 2% profit. How much did she invest in Fund B, if the total profit from the two funds together was $790?
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
Let n be the amount invested in fund B. Then the amount invested in fund A would be n-8000. So
.05(n-8000)+.02n=790
.07n=790+400
n=$17000 invested in fund B, and $9000 invested in fund A. ☺☺☺☺
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