document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=973162>Question 973162</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Kevin invested his savings in two investment funds. The amount he invested in Fund A was $3000 less than the amount he invested in Fund B. Fund A returned a <BR>\n" );
document.write( "8% profit and Fund B returned a 5% profit. How much did he invest in Fund A, if the total profit from the two funds together was $1320? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #595406 by </B><A HREF=/tutors/aboutme.mpl?userid=lwsshak3><B>lwsshak3(11628)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=lwsshak3><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=595406\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Kevin invested his savings in two investment funds. The amount he invested in Fund A was $3000 less than the amount he invested in Fund B. Fund A returned a <BR>\n" );
document.write( "8% profit and Fund B returned a 5% profit. How much did he invest in Fund A, if the total profit from the two funds together was $1320?<BR>\n" );
document.write( "***<BR>\n" );
document.write( "let x= amount invested in Fund B<BR>\n" );
document.write( "x-3000= amount invested in Fund A<BR>\n" );
document.write( "..<BR>\n" );
document.write( "8%((x-3000)+5%x=1320<BR>\n" );
document.write( ".08x-240+.05x=1320<BR>\n" );
document.write( ".13x=1560<BR>\n" );
document.write( "x=12000<BR>\n" );
document.write( "x-3000=9000<BR>\n" );
document.write( "How much did Kevin invest in Fund A? $9,000 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );