Ask Question
1 December, 09:17

Lena invested her savings in two investment funds. The $6000 that she invested in Fund A returned a 6% profit. The amount that she invested in Fund B returned a 1% profit. How much did she invest in Fund B, if both funds together returned a 4% profit?

+5
Answers (1)
  1. 1 December, 12:34
    0
    The amount that Lena will invest in fund B would be $4000.

    Explanation:

    Given information -

    Amount invested in fund A - $6000

    Return earned on fund A - 6%

    Let us assume amount invested in fund B be x

    Return earned on fund B - 1%

    Return on both funds together - 4%

    Let us assume the total amount of fund invested be ($6000 + x)

    Now using simple equation, we will take out the value of x which is the amount invested in fund B -

    $6000 X 6% + x X 1% = 4% ($6000 + x)

    = $360 +.01 x = $240 +.04 x

    = $360 - $240 =.04 x -.01 x

    $120 =.03 x

    x = $120 /.03

    = $4000.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Lena invested her savings in two investment funds. The $6000 that she invested in Fund A returned a 6% profit. The amount that she invested ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers