SOLUTION: Kira invested her savings in two investment funds. The amount she invested in Fund A was twice as much as the amount she invested in Fund B. Fund A returned a 8% profit and Fund B
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Question 1030065: Kira invested her savings in two investment funds. The amount she invested in Fund A was twice as much as the amount she invested in Fund B. Fund A returned a 8% profit and Fund B returned a 5% profit. How much did she invest in Fund B, if the total profit from the two funds together was $2520? Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Let = amount invested in fund A
Let = amount invested in fund B = profit from fund A = profit from fund B
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(1)
(2)
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(2)
Substitute (1) into (2)
(2)
(2)
(2)
and
(1)
(1)
(1)
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She invested $12,000 in fund B
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check:
(2)
(2)
(2)
(2)
OK
