Mr eliot is extremely careful with his money. he recently invested part of his $150,000 life savings in gold bullion and the rest in a bank he claims to have a nuclear blast proof safe. mr elliot earned a 5% profit on his gold bullion investment and a 3% profit on the money in the bank. if he made a total profit of $5,500 from both investments, how much did he invest in gold bullion?

The amount invested in gold bullion by Mr. Eliot  =   $50,000

Step-by-step explanation:

Total amount of savings Me. Eliot ha s = $150,000

Let us assume the amount invested in gold bullion = $m

So, the amount invested in bank = $150,000 - m

Now, 5% on m =

So, the profit in gold bullion  =  0.05 m

and 3% on (150,000 -m)   =

= 4,500 - 0.03 m

So, the profit in bank =  4,500 - 0.03 m

Now,  the total profit  = $5,500

⇒Profit from gold bullion + ban = $5,500

⇒0.05 m +  4,500 - 0.03 m = $5,500

or, 0.02 m = 1000

⇒ m = 1000/0.02 = 50,000

Hence, the amount invested in gold bullion  =  m = $50,000

3 qrs + 3/2 xy hope this : /

step-by-step explanation:

answer: none of these answers are correct only the second half is

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