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Anvisha [2.4K]
3 years ago
7

Deon invested his savings in two investment funds. The amount he invested in Fund A was 8000 less than the amount he invested in

Fund B. Fund A returned a 5% profit and Fund B returned a 7% profit. How much did he invest in Fund B, if the total profit from the two funds together was 1760?
Mathematics
1 answer:
luda_lava [24]3 years ago
7 0

9514 1404 393

Answer:

  • A: 10,000
  • B: 18,000

Step-by-step explanation:

Let A represent the amount invested in fund A, Then A+8000 is the amount invested in fund B, and the total return is ...

  0.05A +0.07(A+8000) = 1760

  0.12A +560 = 1760

  0.12A = 1200

  A = 10000

Deon invested 10,000 in fund A and 18,000 in fund B.

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Answer:

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