Kevin invested his savings into two investment funds the amo
Kevin invested his savings into two investment funds the amount he invested in fund A was 3000 less than the amount he invested in fund B. Fund A returned 7% profit and fund b returned a 4% profit how much did he invest in fund if total profit from two funds together was 1330
Solution
Let the fund invested in fund B is x
fund invested in A is x-3000
profit returned by A =7(x-3000)/100
profit returned by B =4x/100
7(x-3000)/100 +4x/100 =1330
(7x -21000)/100 +4x/100 =1330
7x -21000 +4x =133000
11x -21000=133000
11x =112000
x=10181.81
invested in B
7181.81 invested in A
