SOLUTION: Ali invested his savings in two investment funds. The amount he invested in Fund A was $7000 less than the amount he invested in Fund B. Fund A returned a 3% profit and Fund B retu
Algebra ->
Finance
-> SOLUTION: Ali invested his savings in two investment funds. The amount he invested in Fund A was $7000 less than the amount he invested in Fund B. Fund A returned a 3% profit and Fund B retu
Log On
Question 1059660: Ali invested his savings in two investment funds. The amount he invested in Fund A was $7000 less than the amount he invested in Fund B. Fund A returned a 3% profit and Fund B returned a 4% profit. How much did he invest in Fund B, if the total profit from the two funds together was $1260?
Thank You! Answer by jorel555(1290) (Show Source):
You can put this solution on YOUR website! Let a be the amount invested at 3%. Then the amount invested at 4% would be a+7000. So:
.03a+.04(a+7000)=1260
.07a=980
a=14000
$14000 was invested in Fund A; $21000 was invested in Fund B. ☺☺☺☺
(