Melissa invested her savings in two investment funds. The $3000 that she invested in Fund A returned a 2% profit. The amount that she invested in Fund B returned a 7% profit. How much did she invest in Fund B, if both funds together returned a 4% profit?
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The amount invested in Fund A is $3000. The profit from Fund A is $3000 \times 0.02 = 60$. The profit from Fund B is $x \times 0.07 = 0.07x$. The total amount invested is $3000 + x$. The total profit is $60 + 0.07x$. The total profit is also $(3000 + x) \times Show more…
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