SOLUTION: Linda invested her savings in two investment funds. The amount she invested in Fund A was 6000 less than the amount she invested in Fund B. Fund A returned a 8% profit and Fund B
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Question 522019: Linda invested her savings in two investment funds. The amount she invested in Fund A was 6000 less than the amount she invested in Fund B. Fund A returned a 8% profit and Fund B returned a 5 % profit. How much did she invest in Fund A, if the total profit from the two funds together was 1340 ?
You can put this solution on YOUR website! Fund B --------------- x--------------5%
Fund A----------------x-6000----------8%
Interest = 1340
The percent has been converted by multiplying the equation by 100
5x+8(x-6000)= 1340*100
5x+8x-48000=134000
13x=134000+48000
13x=182000
/13
x=14000 Fund B
Fund A - 8000
CHECK
8000*8%+14000*5%=>640+700=1340
