Problema Solution
Pablo invested his savings in two investment funds. The amount he invested in Fund A was 3 times as much as the amount he invested in Fund B. Fund A returned a 8% profit and Fund B returned a 4% profit. How much did he invest in Fund B, if the total profit from the two funds together was $3080?
Answer provided by our tutors
Let in plan A =x
INplan B =y
So x=3y
or x-3y =0 ...(1)
Again 0.08x + 0.04 B = 3080 ...(2)
Solving two equations we get x= 33000 and
y= 11000