amount invested in B ---- x
amount invested in A ---- x-5000
.03x + .02(x-5000) = 500
solve for x
Deon 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 3% profit and Fund B returned a 2% profit. How much did he invest in Fund B, if the total profit from the two funds together was 500?
1 answer
1 answer