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

Aldo invested his savings in two investment funds. The $24, 000that he invested in Fund A returned a 1% profit. The amount that he invested in Fund B returned a 5% profit. How much did he invest in Fund B, if both funds together returned a 2% profit?

- 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.

## Answer This Question

## Related Questions

- math - Keisha invested her savings in two investment funds. The $4000 that she ...
- College Algebra - John invested his savings in two investment funds. The $12,...
- Math - Salma invested her savings in two investment funds. The that she ...
- Math - Laura invested her savings in two investment funds. The that she invested...
- Math - John invested his savings in two investment funds. The amount he invested...
- math - Carlos invested his savings in two investment funds. The amount he ...
- algebra - Kevin invested his savings in two investment funds. The amount he ...
- Algebra - Michael invested his savings in two investment funds. The amount he ...
- algebra - an investor invested a total of 1,600 in 2 mutual funds.One fund ...
- mat/116 - Please help me slove this question. An investor invested a total of $3...

More Related Questions