Nicole invested her savings in two investment funds. The amount she invested in Fund A was $3000 less than the amount she invest
ed in Fund B. Fund A returned a 6% profit and Fund B returned a 8% profit. How much did she invest in Fund B, if the total profit from the two funds together was $2060 ?
<span>Let us denote the amount of investment in the Fund B with x. We know that Fund B returned 8% and that in Fund A Nicole invested </span>$3000 less than the amount she invested in Fund B, so we can write: x-3000<span>Fund A returned 6%. Interest = 2060 The percent has been converted by multiplying the equation by 100 8x+6(x-3000)= 2060*100 8x+6x-18000=206000 </span><span>14x=206000+18000 14x=224000 x=16000 Nicole invested in Fund B $16000 and in Fund A </span><span> $16000-3000=13000.</span><span>
