Problema Solution

Rachel invested her savings in two investment funds. The amount she invested in Fund A was 4 times as much as the amount she invested in Fund B. Fund A returned a 6% profit and Fund B returned a 5% profit. How much did she invest in Fund B, if the total profit from the two finds together was $3480?

Answer provided by our tutors

a=4b

0.06a + 0.05b = 3480

or, 6a + 5b = 348000

or, 29b=348000

or, b=11931.03