SOLUTION: Scott invested his savings into investment funds. The amount he invested in find A was three times as much as the amount he invested in fund B. Fund A returned a 4% profit and fund
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Question 1047920: Scott invested his savings into investment funds. The amount he invested in find A was three times as much as the amount he invested in fund B. Fund A returned a 4% profit and fund B turned a 7% profit. How much did he invest in Fund B, if the total profit from the two funds together was $2090? Answer by jorel555(1290) (Show Source):
You can put this solution on YOUR website! Let n be the amount invested in fund B. Then fund A is 3n. So:
.07(n)+.04(3n)=2090
.19n=2090
n=11000
$11000 was invested in fund B; $33000 was invested in fund A. ☺☺☺☺
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