Asked by Sara

John invested his savings in two investment funds. The $12,000 that he invested in Fund A returned a 3% profit. The amount that he invested in Fund B returned a 10% profit. How much did he invest in Fund B, if both funds together returned a 6% profit?
Answered by Steve
if there is x at 10%, the remainder (12000-x) is at 3%. So, add up the interest:

.10x + .03(12000-x) = .06(12000)
Answered by Anonymous
5400
Answered by Anonymous
16000
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