Lisa invested her savings in two investment funds. The amount she invested in Fund A was 4 times as much as the amount she invested in Fund B. Fund A returned a 8% profit and Fund B returned a 6% profit. How much did she invest in Fund B, if the total profit from the two funds together was $3040?

Lisa invested her savings in two investment funds. The amount she invested in Fund A was 4 times as much as the amount she invested in Fund B. Fund A returned a 8% profit and Fund B returned a 6% profit. How much did she invest in Fund B, if the total profit from the two funds together was $3040?

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter11: Systems Of Equations

Section11.CR: Review Problem Set

Problem 36CR: Sara invested 2500, part of it at 4 and the rest at 6 yearly interest. The yearly income on the 6...

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Question

Lisa invested her savings in two investment funds. The amount she invested in Fund A was 4 times as much as the amount she invested in Fund B. Fund A
returned a 8% profit and Fund B returned a 6% profit. How much did she invest in Fund B, if the total profit from the two funds together was $3040?
Amount invested in Fund B: $
X
S

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