Question 560493: Graph the liLinda invested her savings in two investment funds. The amount she invested in Fund A was 3 times as much as the amount she invested in Fund B. Fund A returned a 7 % profit and Fund B returned a 2 % profit. How much did she invest in Fund B, if the total profit from the two funds together was $2760 ?
Answer by mananth(16946)   (Show Source):
You can put this solution on YOUR website!
Fund B -------------- 2.00%per annum -- x
Fund A ------------- 7.00% per annum------ y =3x
Interest----- $2,760.00
2.00% x + 7.00% * 3 x = $2,760.00
0.02 x + 0.07 * 3 x = $2,760.00
0.02 x + 0.21 x = $2,760.00
0.23 x = $2,760.00
/0.23
x= $12,000.00 --- Fund B
3x = $36,000.00 ------------- Fund A
m.ananth@hotmail.ca
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