Question 1162955
<u>FUND A</u>:
Principal = 6000
Rate of profit = 0.04
Profit = 0.04 * 6000 = 240
<pr>
<u>FUND B</u>:
Principal = p
Rate of profit = 0.01
Profit = 0.01p
<pr>
{{{(240 + 0.01p)/(6000 + p)}}} = 0.02
<pr>
0.02(6000 + p) = 240 + 0.01p
<pr>
120 + 0.02p = 240 + 0.01p
<pr>
0.01p = 120
<pr>
p = 12000
<pr>
<u>FUND B</u>:
Principal = p = $12,000