An investment firm invested in two companies last year. They invested \$7000 in Company A and made a profit of 13%. They invested \$13,000 in Company B and made a profit of 18%. Answer the questions below.

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Bachposer asked May 6, 2022

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An investment firm invested in two companies last year. They invested \$7000 in Company A and made a profit of 13%. They invested \$13,000 in Company B and made a profit of 18%. Answer the questions below. Do not do any rounding . (a) What was the investment firm's total profit? (b) What was the percent profit for their total investment?

Mathematics
high-school

Bachposer asked May 6, 2022

by Bachposer

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Answer:

a) $3250

b) 31%

Explanation:

a) 910 + 2340 = $3250

b) 18 + 13% = 31%

Bhoward answered May 12, 2022

by Bhoward

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