SOLUTION: Debra 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 5% profit and Fu

Algebra ->  Linear-equations -> SOLUTION: Debra 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 5% profit and Fu      Log On


   

Question 1103762: Debra 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
5%
profit and Fund B returned a
3%
profit. How much did she invest in Fund B, if the total profit from the two funds together was
$1560
?
Answer by ikleyn(52845) About Me  (Show Source):
You can put this solution on YOUR website!
interest + interest   = interest

0.05*(2x)   + 0.03*x  = 1560       


Solve for x which is the smaller amount invested at 3% in Fund B.

--------------
To see more problems on investment solved, look into the lesson
    - Using systems of equations to solve problems on investment
in this site.