Answer:
$3500
Step-by-step explanation:
Given: A total of $10,000 is invested in two funds, Fund A and Fund B. Fund A pays 5% annual interest and Fund B pays 7% annual interest. The combined annual interest is $630.
To Find: How much of the $10,000 is invested in Fund A
Solution:
Total amount invested
Let the amount invested in Fund A
The Amount invested in Fund B
We know that
Annual interest accrued from Fund A
Annual interest accrued from Fund B
Combined annual interest accrued
Combined annual interest accrued = Annual interest accrued from Fund A+ Annual interest accrued from Fund B
Amount invested in Fund A is