document.write( "Question 1163062: Isabel invested her savings in two investment funds. The
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document.write( "$6000
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document.write( " that she invested in Fund A returned a
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document.write( "4%
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document.write( " profit. The amount that she invested in Fund B returned a
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document.write( "1%
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document.write( " profit. How much did she invest in Fund B, if both funds together returned a
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document.write( "2%
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document.write( " profit?
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Algebra.Com's Answer #787017 by greenestamps(13200)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "A formal algebraic setup for solving the problem.... \n" ); document.write( "x = amount at 4% \n" ); document.write( "6000-x = amount at 1% \n" ); document.write( "The average return on the $6000 was 2%: \n" ); document.write( " \n" ); document.write( "Solve using basic algebra (I leave that to you).... \n" ); document.write( "A quick and easy solution method, using logical reasoning and a bit of mental arithmetic.... \n" ); document.write( "The average return of 2% is \"twice as close to 1% as it is to 4%\". That means the amount invested at 1% was twice the amount invested at 4%. \n" ); document.write( "ANSWER: $4000 at 1%; $2000 at 4% \n" ); document.write( "CHECK: \n" ); document.write( ".01(4000)+.04(2000) = 40+80 = 120 \n" ); document.write( ".02(6000) = 120 \n" ); document.write( "Or here is a variation of this easy method, thinking a bit differently.... \n" ); document.write( "The average return of 2% is 1/3 of the way from 1% to 4% (picture the three percentages on a number line). Therefore, 1/3 of the total was invested at 4%. \n" ); document.write( "ANSWER: 1/3 of the total $6000, or $2000, at 4%; the rest at 1%. \n" ); document.write( " \n" ); document.write( " |