SOLUTION: High-risk funds. One of the 50000 that Natasha pocketed on her last real estate deal, 20000 went to charity. She invested part of the remainder in Dreyfus New Leaders Fund with an
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Question 1064363: High-risk funds. One of the 50000 that Natasha pocketed on her last real estate deal, 20000 went to charity. She invested part of the remainder in Dreyfus New Leaders Fund with an annual yield of 16% and the rest in Templeton Growth Fund With an annual yield of 25% . If she made $6060 on these investments in one year, then how much did she invest in each fund. Show a complete solution to each problem.
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
Natasha pocketed 50000 on her real estate deal-then gave 20000 to charity, leaving her with 30000. Let n be the amount invested at 25%. Then the amount invested at 16% would be 30000-n. So:
.25n+.16(30000-n)=6060
.09n=1260
n=14000
14000 was invested at 25%, with the remaining 16000 invested at 16%. ☺☺☺☺
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