Deshaun 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 7% 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 $2000?
Answers
•Deshaun 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 7% profit and Fund B returned a 4% profit.
•The total profit from the two funds
together was $2000.
•Let he invest $x in fund B.
•So the investment in fund A be $3x.
•Profit in Fund A is (7*3x)/100 = 21x/100.
•Profit in Fund B is (4*x)/100 = 4x/100.
•Total profit = 25x/100 = 2000
Therefore, x = 8000
•Hence the investment in Fund B is $8000
He invest in Fund B $8000.
Step-by-step explanation:
Given:
Deshaun 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 7% profit and Fund B returned a 4% profit.
If the total profit from the two funds together was $2000.
Now, to find the amount he invest in Fund B.
Let the amount invested in Fund B be
So, the amount invested in Fund A be
As, the Fund B returned a 4% profit.
4% of
%
So, the profit of fund B = 0.04.
Now, Fund A returned a 7% profit:
So, the profit of fund A = 0.21
The total profits from the two funds together was $2000.
According to question:
Therefore, he invest in Fund B is $8000.