Problema Solution
Manuel invested his savings in two investment funds. The $2000 that he invested in Fund A returned a 3% profit. The amount that he invested in Fund B returned a 10% profit. How much did he invest in Fund B, if both funds together returned a 8% profit?
Answer provided by our tutors
Fund A: $2000
Fund B: x
So the equation is
$2000*3% + x*10% = (x+2000)*8%
So
x = 5000
So
he invest $5000 in Fund B