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Question 1048239: Yoko invested her savings into investment funds. The $24,000 that she invested in fund A returned a 2% profit the amount that she invested in fund B returned a 6% profit. How much did she invest in fund B, if both funds together return the 3% profit
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! Yoko invested her savings into investment funds. The $24,000 that she invested in fund A returned a 2% profit the amount that she invested in fund B returned a 6% profit. How much did she invest in fund B, if both funds together return the 3% profit
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interest + interest = interest
0.02*24000 + 0.06B = 0.03(24000+B)
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2*24000 + 6B = 3*24000 + 3B
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3B = 24000
B = $8000 (Amt of B invested)
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Cheers,
Stan H.
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