Friday

February 27, 2015

February 27, 2015

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.

**Answer this Question**

**Related Questions**

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 - Carlos 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...

algebra - An investor invested a total of $2,600 in two mutual funds. One fund ...

algebra - An investor invested a total of $500 in two mutual funds. One fund ...

algebra - an investor invested a total of $2100 in two mutal funds. one fund ...

Algebra - I invested $42,000 in three funds paying 5%, 7%, and 9% simple ...