Ask Question
26 March, 01:20

Abdul invested his savings in two investment funds. The amount he invested in Fund A was twice as much as the amount he invested in Fund B. Fund A returned a 8% profit and Fund B returned a 2% profit. How much did he invest in Fund B, if the total profit from the two funds together was S1800?

+3
Answers (1)
  1. 26 March, 04:16
    0
    The amount he invested in Fund A was twice as much as the amount he invested in Fund B.

    LEt x be the amount invested in Fund B

    The amount invested in Fund A is 2x

    Fund A returned a 8% profit

    Profit amount for fund A is 2x * 8% = 2x * 0.08 = 0.16x

    Fund B returned a 2% profit

    Profit amount for fund B is x * 2% = x * 0.02 = 0.02x

    total profit from the two funds together was S1800

    Profit fund A + profit fund B = 1800

    0.16x + 0.02x = 1800

    0.18x = 1800

    Divide by 0.18 from both sides

    x = 10000

    he invest $10,000 in Fund B
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Abdul invested his savings in two investment funds. The amount he invested in Fund A was twice as much as the amount he invested in Fund B. ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers