SOLUTION: Scott invested his savings in two investment funds. The amount he invested in Fund A was $6000 less than the amount he invested in Fund B. Fund A returned a 4% profit and Fund B re
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Question 855292: Scott invested his savings in two investment funds. The amount he invested in Fund A was $6000 less than the amount he invested in Fund B. Fund A returned a 4% profit and Fund B returned a 3% profit. How much did he invest in Fund B, if the total profit from the two funds together was $600 ? Answer by lwsshak3(11628) (Show Source):
You can put this solution on YOUR website! Scott invested his savings in two investment funds. The amount he invested in Fund A was $6000 less than the amount he invested in Fund B. Fund A returned a 4% profit and Fund B returned a 3% profit. How much did he invest in Fund B, if the total profit from the two funds together was $600 ?
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let x=amt invested in fund B
x-6000=amt invested in fund A
..
3%x+4%(x-6000)=600
.03x+.04x-240=600
.07x=840
x=12000
amt invested in fund B=$12,000
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