Question

Deon 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 5% profit and Fund B returned a 7% profit. How much did he invest in Fund B, if the total profit from the two funds together was 1760?

Answer 1

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Answer:

• A: 10,000
• B: 18,000

Explanation:

Let A represent the amount invested in fund A, Then A+8000 is the amount invested in fund B, and the total return is ...

0.05A +0.07(A+8000) = 1760

0.12A +560 = 1760

0.12A = 1200

A = 10000

Deon invested 10,000 in fund A and 18,000 in fund B.