Problema Solution
Omar invested his saving in two investment funds. The amount he invested in Fund A was $8000 less then the amount he invested in Fund B. Fund A returned a 2% profit and Fund B returned a 3% profit. How much did he invest in Fund B, if the total profit from the two funds together was $790?
Answer provided by our tutors
Let
x = the amount invested in Fund A
y = the amount invested in Fund B
x = y - 8000
0.02*x + 0.03*y = 790 (profit from A + profit from B = the profit together)
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click here to see the system of equations solved for x and y
........
x = $11,000
y = $19,000
Omar invested $19,000 in Fund B.