Question 964029
Abdul invested his savings in two investment funds. The $12,000 that he invested in Fund A returned a 6% profit. The amount that he invested in Fund B returned a 1% profit. How much did he invest in Fund B, if both funds together returned a 4% profit?
***
let x=amt invested in Fund B
(6%*12000+1%x)/(12000+x)=.04
720+.01x=.04(12000+x)
720+.01x=480+.04x
.03x=240
x=8000
How much did he invest in Fund B? $8,000