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18 October, 12:17

Henry invested his savings in two investment funds. The amount he invested in Fund A was $4000 less than the amount he invested in Fund B. Fund A returned a 7% profit and Fund B returned a 4% profit. How much did he invest in Fund B, if the total profit from the two funds together was $1590?

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  1. 18 October, 12:33
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    Amount invested in fund A is $12091

    Amount invested in fund B is $16091

    Step-by-step explanation:

    Let the amount invested in fund A by Ali at 7% profit be x.

    Thus, the amount invested in fund B at 4% profit will be; x + 4000

    Now, we are told that the total profit from the two funds together was $1590.

    Thus;

    0.07x + 0.04 (x + 4000) = 1590

    0.07x + 0.04x + 160 = 1590

    0.11x = 1590 - 160

    0.11x = 1330

    x = 1330/0.11

    x ≈ $12091

    So amount invested in fund A is $12091

    Amount invested in fund B is;

    $12091 + $4000 = $16091
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