Jane invested her savings in two investment funds. The $6000 that she invested in Fund A returned a 1% profit. The amount that she invested in Fund B returned a 5% profit. How much did she invest in Fund B, if both funds together returned a 2% profit? Amount invested in Fund B: $
Added by Page M.
Close
Step 1
Let A be the amount invested in Fund A and B be the amount invested in Fund B. 0.01A + 0.05B = 0.02(A + B) Show more…
Show all steps
Your feedback will help us improve your experience
Tim Thornhill and 51 other Calculus 1 / AB educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
Ms. Mills invested her $\$ 20,000$ bonus in two accounts. She took a $4 \%$ loss on one investment and made a $12 \%$ profit on another investment, but ended up breaking even. How much was invested in each account?
Equations, Inequalities, and Problem Solving
Further Problem Solving
Investments Phyllis invested $\$ 12,000,$ a portion earning a simple interest rate of 4$\frac{1}{2} \%$ per year and the rest earning a rate of 4$\%$ per year. After 1 year the total interest earned on these investments was $\$ 525 .$ How much money did she invest at each rate?
Satyam G.
Valerie is saving money for her college education. She deposited some money in a savings account paying 5% and $1200 less than that amount in a second account paying 4%. The two accounts produced a total of $141 interest in 1 yr. How much did she invest at each rate?
Aparna S.
Recommended Textbooks
Calculus: Early Transcendentals
Thomas Calculus
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD