Hans invested his savings in two investment funds.

Question

Hans invested his savings in two investment funds.

The amount he invested in Fund A was $7000 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 $1690?

Answer 1

a = b - 7000

0.05a + 0.07b = 1690

 

Since we have a "value" for a, we can substitute that "value" in place of a.

 

0.05(b - 7000) + 0.07b = 1690

0.05b - 350 + 0.07b = 1690

0.12b = 2040

b = $17,000