SOLUTION: Greg invested his savings in two investment funds. The amount he invested in Fund A was twice as much as the amount he invested in Fund B. Fund A returned a
5%
profit and Fund
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5%
profit and Fund
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Question 967569: Greg invested his savings in two investment funds. The amount he invested in Fund A was twice as much as the amount he invested in Fund B. Fund A returned a
5%
profit and Fund B returned a
7%
profit. How much did he invest in Fund B, if the total profit from the two funds together was
$1360
?
amount invested in fund B BY DOLLARS : ? Answer by lwsshak3(11628) (Show Source):
You can put this solution on YOUR website! Greg invested his savings in two investment funds. The amount he invested in Fund A was twice as much as the amount he invested in Fund B. Fund A returned a
5%
profit and Fund B returned a
7%
profit. How much did he invest in Fund B, if the total profit from the two funds together was
$1360
***
let x=amt invested in Fund B
2x=amt invested in Fund A
..
7%x+5%*2x=1360
.07x+0.10x=1360
.17x=1360
x=8000
How much did he invest in Fund B? $8000
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