achel invested her savings in two investment funds. The amount she invested in Fund A was 4 times as much as the amount she inve

Question

4 years ago

12

achel invested her savings in two investment funds. The amount she invested in Fund A was 4 times as much as the amount she inve

sted in Fund B. Fund A returned a 6% profit and Fund B returned a 5% profit. How much did she invest in Fund B, if the total profit from the two funds together was $3,480?

Mathematics

1 answer:

klasskru [66] · Answer 1 · 2021-11-25T17:16:39+03:00

klasskru [66]4 years ago

4 0

Let A and 4A be the investment amounts.
The total profit is 3480=0.06A+0.20A=0.26A, so Fund A investment, A=3480/0.26=$13384.62, and Fund B is $53538.46.