SOLUTION: Ashley invested her savings in two investment funds. The amount she invested in Fund A was twice as the amount she invested in Fund B. Fund A returned a 6% profit and Fund B return
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Question 918868: Ashley invested her savings in two investment funds. The amount she invested in Fund A was twice as the amount she invested in Fund B. Fund A returned a 6% profit and Fund B returned a 7% profit. How much did she invest in Fund B if total profit from the two funds was $1520?
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
.06*2x+.07*x=1520
(.12+.07)*x=1520
.19x=1520
x=1520/.19
x=8000 at 7% Fund B
2x=16000 at 6% Fund A
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