Question
Charmaine invested her savings in two investment funds. The amount she invested in Fund A was $ 8000 less than the amount she invested in
Charmaine invested her savings in two investment funds. The amount she invested in Fund A was $ 8000 less than the amount she invested in Fund B. Fund A returned a 7 % profit and Fund B returned a 5 % profit. How much did she invest in Fund B, if the total profit from the two funds together was $ 1240 ?
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An Introduction to the Mathematics of financial Derivatives
Authors: Salih N. Neftci
2nd Edition
978-0125153928, 9780080478647, 125153929, 978-0123846822
