SOLUTION: Diane invested her savings in two investment funds. The amount she invested in Fund A was $8,000 less than the amount she invested in Fund B. Fund A returned a 5% profit and Fund B
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Question 474203: Diane invested her savings in two investment funds. The amount she invested in Fund A was $8,000 less than the amount she invested in Fund B. Fund A returned a 5% profit and Fund B returned a 4% profit. How much did she invest in Fund B, if the total profit from the two funds together was $1040?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Diane invested her savings in two investment funds. The amount she invested in Fund A was $8,000 less than the amount she invested in Fund B. Fund A returned a 5% profit and Fund B returned a 4% profit. How much did she invest in Fund B, if the total profit from the two funds together was $1040?
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Equations:
A = B - 8000
5A +4B = 104000
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Multiply thru 1st equation by 5:
5A -5B = -40000
5A + 4B= 104000
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Subtract and solve for "B":
9B = 144000
B = $16000 (amt. invested in B)
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Cheers,
Stan H.
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