SOLUTION: Carlos invested his savings in two investment funds. The amount he invested in Fund A was
4
times as much as the amount he invested in Fund B. Fund A returned a
3%
profit an
Algebra.Com
Question 913777: Carlos invested his savings in two investment funds. The amount he invested in Fund A was
4
times as much as the amount he invested in Fund B. Fund A returned a
3%
profit and Fund B returned a
7%
profit. How much did he invest in Fund B, if the total profit from the two funds together was
$2090
?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
.03(4x) + .07(x) = 2090
.12x + .07x = 2090
x = 2090/.19, amount at 7%
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