Problema Solution
Alonzo invested his savings in two investment funds. The
$12,000
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
6%
profit?
Answer provided by our tutors
let 'x' represent the money invested in Fund B
0.10*12000 + 0.03*x = 0.06(12000 + x)
by solving we find:
x = $16,000
click here to see the step by step solution of the equation:
Alonzo invested $16,000 in Fund B.