SOLUTION: Deandre 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
7%
profit and
Question 1093893: Deandre 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
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
$2150
? Found 2 solutions by greenestamps, stanbon:Answer by greenestamps(13203) (Show Source):
You can put this solution on YOUR website! Let x be the amount invested in fund B at 5%; then the amount invested in fund A at 7% is x-7000.
The interest from fund B is 5% of x,
The interest from fund A is 7% of (x-7000),
The total interest from the two investments was $2150:
Solve the equation to find the amount x invested in fund B; the amount invested in fund A is $7000 less than that amount.
You can put this solution on YOUR website! Deandre 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
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
$2150
?
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0.05B + 0.07A = 2150
A = B - 7000
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Rearrange:
A - B = -7000
7A + 5B = 215000
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Modify::
7A - 7B = -49000
7A + 5B = 215000
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Stubtract and solve for "B"::
12B = 264000
B = $22000
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Cheers,
Stan H.
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