amount in B -- x
amount in A -- 3x
.06(3x) + .07x = 2250
.18x + .07x = 2250
.25x = 2250
x = 9000
so $9000 in B and $27,000 in A
Greg invested his savings in two investment funds. The amount he invested in Fund A was
3
times as much as the amount he invested in Fund B. Fund A returned a
6%
profit and Fund B returned a
7%
profit. How much did he invest in Fund B, if the total profit from the two funds together was
$2250
?
1 answer