document.write( "Question 1204040: Chris invested his savings in two investment funds. The $4000 that he invested in Fund A returned a 2% profit. The amount that he invested in Fund B returned a 7% profit. How much did he invest in Fund B, if both funds together returned a 5% profit? \n" ); document.write( "

Algebra.Com's Answer #840093 by MathTherapy(10552) $\"\"$ $\"About$

You can put this solution on YOUR website!

\r\n" );
document.write( "Chris invested his savings in two investment funds. The $4000 that he invested in Fund A returned a 2% profit. The amount that he invested in Fund B returned a 7% profit. How much did he invest in Fund B, if both funds together returned a 5% profit?\r\n" );
document.write( "\r\n" );
document.write( "Let amount invested in Fund B, be B\r\n" );
document.write( "\r\n" );
document.write( "Amount invested in Fund A: $4,000, so profit from Fund A investment = .02(4,000) \r\n" );
document.write( "Amount invested in Fund B: B, so profit from Fund B investment = .07B\r\n" );
document.write( "Since overall profit from the 2 investments was 5%, we get the following Return on Investment\r\n" );
document.write( "(ROI) equation: .02(4,000) + .07B = .05(4,000 + B)\r\n" );
document.write( "                        80 + .07B = 200 + .05B\r\n" );
document.write( "                      .07B - .05B = 200 - 80\r\n" );
document.write( "                             .02B = 120\r\n" );
document.write( " Amount invested in Fund B, or

\n" ); document.write( "

\n" );