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October 23, 2014

October 23, 2014

Posted by **George** on Wednesday, October 26, 2011 at 2:49pm.

- math -
**Henry**, Thursday, October 27, 2011 at 8:05pm$X in plan A @ 1% profit.

$(24000-X) in plan B @ 5% profit.

1.01x + 1.05(24000-x) = 1.02*24000,

1.01x + 25,200 - 1.05x = 24,480,

-0.04x = 24,480 - 25,200 = -720,

X = $18,000 Invested in fund A.

24000 - x = 24000 - 18,000 = $6,000 Invested in fund B.

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