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Question 1045445: Kala 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
2% profit and Fund B returned a 6% profit. How much did she invest in Fund B, if the total profit from the two funds together was $600?
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! Kala 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
2% profit and Fund B returned a 6% profit. How much did she invest in Fund B, if the total profit from the two funds together was $600?
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A investment:: 2x
B investment:: x
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Equation:
interest + interest = 600
0.02(2x) + 0.06x = 600
0.04x + 0.06x = 600
0.10x = 600
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x = $6000
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A investment:: 2x = $12000
B investment:: x = $6000
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Cheers,
Stan H.
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