document.write( "Question 907647: Michael invested his savings in two investment funds. The amount he invested in Fund A was $3000
\n" ); document.write( "less than the amount he invested in Fund B. Fund A returned a 8%
\n" ); document.write( "profit and Fund B returned a 6%
\n" ); document.write( "profit. How much did he invest in Fund B, if the total profit from the two funds together was $1160? \n" ); document.write( "

Algebra.Com's Answer #550487 by mananth(16946) $\"\"$ $\"About$

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6.00% --------- x
\n" ); document.write( "8.00% --------- x + 3000
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\n" ); document.write( "Total invested = (x+x+ 3000 )
\n" ); document.write( "Interest on total investment = 1160
\n" ); document.write( "
\n" ); document.write( "6.00% x+ 8.00% (+x 3000 )= 1160
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\n" ); document.write( "multiply by 100
\n" ); document.write( "we get
\n" ); document.write( "6 x+ 8 ( 1 x + 3000 )= 116000
\n" ); document.write( "6 x+ 8 x+ 24000 = 116000
\n" ); document.write( "
\n" ); document.write( "14 x= 116000 -24000
\n" ); document.write( " x= 92000 / 14
\n" ); document.write( " x= 6571.43
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\n" ); document.write( "$ 6571.43 @ 6.00%
\n" ); document.write( "
\n" ); document.write( "1 x+ 3000 = 9571.43
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\n" ); document.write( "$ 9571.43 @ 8.00%
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\n" ); document.write( "CHECK
\n" ); document.write( "6571.43 * 6.00% + 9571.43 * 8.00%
\n" ); document.write( "( 394.29 + 765.71 = 1160
\n" ); document.write( " \n" ); document.write( "

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