SOLUTION: Joe invested his savings in two investment funds. The $2,000 that he invested in Fund A returned a 2% profit. The amount that he invested in Fund B returned a 5% profit. How much d

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Joe invested his savings in two investment funds. The $2,000 that he invested in Fund A returned a 2% profit. The amount that he invested in Fund B returned a 5% profit. How much d      Log On

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Question 888637: Joe invested his savings in two investment funds. The $2,000 that he invested in Fund A returned a 2% profit. The amount that he invested in Fund B returned a 5% profit. How much did he invest in Fund B, if both funds together returned a 4% profit?
Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
.02*2000+.05*b=.04*(2000+b)
b=4000