Answer:
Jane invested $37,000 in Fund B.
Step-by-step explanation:
Let;
IA = Amount invested in Fund A = $6,000
IB = Amount invested in Fund B = ?
PA = Amount of profit from Fund A = IA * 8% = $6,000 * 8% = $480
PB = Amount of profit from Fund B = IB * 2%
Therefore, we have:
Total profit = PA + PB = $1220 ........................ (1)
Substitute the relevant values into equation (1) and solve for IB, we have:
$480 + (IB * 2%) = $1220
IB * 2% = $1220 - $480
IB * 2% = 740
IB = 740 / 2%
IB = $37,000
Therefor, Jane invested $37,000 in Fund B.
