SOLUTION: Charlie 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 7% profit and Fu

Algebra ->  Coordinate Systems and Linear Equations -> SOLUTION: Charlie 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 7% profit and Fu      Log On


   

Question 1047317: Charlie 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
7%
profit and Fund B returned a
5%
profit. How much did he invest in Fund B, if the total profit from the two funds together was
$2090
?
Answer by advanced_Learner(501) About Me  (Show Source):
You can put this solution on YOUR website!
A=2B
0.07A+0.05B=2090
0.14B+0.05B=2090
0.19B=2090
B=