SOLUTION: Manuel invested his savings in two investment funds. The $12,000 that he invested in Fund A returned a 1% profit. The amount that he invested in Fund B returned a 5% profit. How mu

Question 929968: Manuel invested his savings in two investment funds. The $12,000 that he invested in Fund A returned a 1% profit. The amount that he invested in Fund B returned a 5% profit. How much did he invest in Fund B, if both funds together returned a 2% profit?
Found 2 solutions by TimothyLamb, ewatrrr:
Answer by TimothyLamb(4379) (Show Source): You can put this solution on YOUR website!
x = amount invested in A
y = amount invested in B
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x + y = 12000
0.01x + 0.05y = 0.02*12000
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put the system of linear equations into standard form
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x + y = 12000
0.01x + 0.05y = 240
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copy and paste the above standard form linear equations in to this solver:
https://sooeet.com/math/system-of-linear-equations-solver.php
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solution:
x = amount invested in A = 9000
y = amount invested in B = 3000
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Solve and graph linear equations:
https://sooeet.com/math/linear-equation-solver.php
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Solve quadratic equations, quadratic formula:
https://sooeet.com/math/quadratic-formula-solver.php
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Solve systems of linear equations up to 6-equations 6-variables:
https://sooeet.com/math/system-of-linear-equations-solver.php
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Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
x the Fund B amount
.05x + .01(12000 - x) = .02(12000)
x = .01(12000)/.04 = $3000
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