Achel invested her savings in two investment funds. The amount she invested in Fund A was 4 times as much as the amount she invested in Fund B. Fund A returned a 6% profit and Fund B returned a 5% profit. How much did she invest in Fund B, if the total profit from the two funds together was $3,480?

Question

Mathematics

Amara

1 February, 20:12

Achel invested her savings in two investment funds. The amount she invested in Fund A was 4 times as much as the amount she invested in Fund B. Fund A returned a 6% profit and Fund B returned a 5% profit. How much did she invest in Fund B, if the total profit from the two funds together was $3,480?

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Oswaldo Pratt · Answer 1

Let A and 4A be the investment amounts.

The total profit is 3480=0.06A+0.20A=0.26A, so Fund A investment, A=3480/0.26=$13384.62, and Fund B is $53538.46.