Goran invested his savings in two investment funds.

Blackettyl2j

Blackettyl2j

Answered question

2022-03-25

Goran invested his savings in two investment funds. The $4000 that he invested in Fund A returned a 5% profit. The amount that he invested in Fund B returned a 2% profit.
How much did he invest in Fund B, if both funds together returned a 3% profit?

Answer & Explanation

Nyla Trujillo

Nyla Trujillo

Beginner2022-03-26Added 9 answers

Goram invested $4000 in fund A and returned 5 profit
Thus, profit=4000×5100=200
Let x invented in fund B and returned 2 profit
profit=x×2100=x50
Total fund =4000+x and returned 3 profit
profit=(4000+x)×3100
=12000100+3x100
=120+3x100
And Both funds profit=Fund A profit+Fund B profit
120+3x100=200+x50
3x100x50=80
3x2x100=80
x=100×80
=8000

Do you have a similar question?

Recalculate according to your conditions!

Ask your question.
Get an expert answer.

Let our experts help you. Answer in as fast as 15 minutes.

Didn't find what you were looking for?