Ali invested his savings in two investment funds. The $8000 that he invested in fund A returned a 10% profit.  The amount that he invested in fund B returned a 3% profit. How much did he invest in fund B, if both funds together returned a 7% profit?

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.3: Solve Mixture Applications
Problem 3.65TI: Remy has $14,000 to invest in two mutual funds. One fund pays interest at 4% per year and the other...
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Ali invested his savings in two investment funds. The $8000 that he invested in fund A returned a 10% profit.  The amount that he invested in fund B returned a 3% profit. How much did he invest in fund B, if both funds together returned a 7% profit? 

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