Ryan invested his savings in two investment funds. The $24,000 that he invested in Fund A returned a 6% profit. The amount that he invested in Fund B returned a 2% profit. How much did he invest in Fund B, if both funds together returned a 5% profit?

the sum invested in Fund b is $6000

Step-by-step explanation:

This question can be easily solved using allegation Method.

Profit on fund A is 6% whereas Profit on fund B is 2%.

Fund A + Fund B = $24000

Overall profit to be gained = 5%

6% 2%

5%

3 : 1

therefore the fund was distributed in the ratio 3:1

⇒4 units = 24000

⇒ 1 unit = $6000

therefore the fund A = 3*6000=$ 18000

and the fund B = 1*6000 = $6000