document.write( "Question 1122870: Maya invested her savings in two investment funds. The
\n" ); document.write( "$4000
\n" ); document.write( " that she invested in Fund A returned a
\n" ); document.write( "10%
\n" ); document.write( " profit. The amount that she invested in Fund B returned a
\n" ); document.write( "3%
\n" ); document.write( " profit. How much did she invest in Fund B, if both funds together returned a
\n" ); document.write( "5%
\n" ); document.write( " profit?
\n" ); document.write( "

Algebra.Com's Answer #739049 by greenestamps(13200)\"\" \"About 
You can put this solution on YOUR website!


\n" ); document.write( "Algebraically....

\n" ); document.write( "Let x be the amount invested at 3%. Then

\n" ); document.write( "\"%28.03%29%28x%29%2B%28.10%29%284000%29+=+%28.05%29%284000%2Bx%29\"

\n" ); document.write( "You can do the algebra to get the answer.

\n" ); document.write( "If an algebraic solution is not required, here is a much faster way to solve a problem like this.

\n" ); document.write( "The ratio between the amounts invested in the two places exactly determines where the overall percentage return lies between the two individual percentages.

\n" ); document.write( "The 5% return is 5% away from 10% and 2% away from 3%. That ratio 5:2 means the money must be split in the ratio 5:2. And since the overall return is close to 3% than to 10%, the larger amount needs to be invested at 3%.

\n" ); document.write( "So if x is the amount invested at 3%, we have a proportion:

\n" ); document.write( "\"5%3A2+=+x%3A4000\"

\n" ); document.write( "or

\n" ); document.write( "\"5%2F2+=+x%2F4000\"
\n" ); document.write( "\"2x+=+20000\"
\n" ); document.write( "\"x+=+10000\"

\n" ); document.write( "She invested $10000 in investment B.

\n" ); document.write( "CHECK:

\n" ); document.write( "10% of $4000 = $400
\n" ); document.write( "3% of $10000 = $300
\n" ); document.write( "Total $400+$300 = $700

\n" ); document.write( "5% of $14000 = $700

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