math

Carlos invested his savings in two investment funds. The amount he invested in Fund A was $8000 less than 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 $1040?

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  1. amount in B ---- x
    amount in A -----x - 8000

    .04x + .08(x-8000) = 1040
    times 100
    4x + 8(x-8000) = 104000

    I am sure you can finish it

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  2. 14,000

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  3. Ivan invested his savings in two investment funds. The amount he invested in Fund A was
    $5000
    less than 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
    $1520
    ?

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    2. 👎 0

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