I could use some help w/ explanation please
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9514 1404 393
Answer:
$2400
Step-by-step explanation:
The question is asking the amount invested in fund B. We can let 'b' represent that amount. Then the amount invested in fund A is (6000-b). The total profit from the investments is ...
0.02(6000 -b) +0.07(b) = 0.04(6000)
120 +0.05b = 240 . . . . . simplify
0.05b = 120 . . . . . . . . . subtract 120
b = 2400 . . . . . . . . . . .divide by 0.05
Alonzo invested $2400 in fund B.