Problema Solution
Kevin invested his savings in two investment funds. The
$20,000
that he invested in Fund A returned a
10%
profit. The amount that he invested in Fund B returned a
3%
profit. How much did he invest in Fund B, if both funds together returned a
8%
profit?
Answer provided by our tutors
Let 'x' represent the money invested in Fund B.
0.10*20000 + 0.03x = 0.08*(20000 + x)
........
click here to see the equation solved for x
........
x = $8,000
Kevin invested $8,000 in Fund B.