Question
Carlos invested his savings in two investment funds. The amount he invested in Fund A was $8000 less than the amount he invested in Fund B. Fund A returned a 8% profit and Fund B returned a 4% profit. How much did he invest in Fund B, if the total profit from the two funds together was $1040?
Answers
amount in B ---- x
amount in A -----x - 8000
.04x + .08(x-8000) = 1040
times 100
4x + 8(x-8000) = 104000
I am sure you can finish it
amount in A -----x - 8000
.04x + .08(x-8000) = 1040
times 100
4x + 8(x-8000) = 104000
I am sure you can finish it
14,000
Ivan invested his savings in two investment funds. The amount he invested in Fund A was
$5000
less than the amount he invested in Fund B. Fund A returned a
7%
profit and Fund B returned a
4%
profit. How much did he invest in Fund B, if the total profit from the two funds together was
$1520
?
$5000
less than the amount he invested in Fund B. Fund A returned a
7%
profit and Fund B returned a
4%
profit. How much did he invest in Fund B, if the total profit from the two funds together was
$1520
?