document.write( "Question 268910: High-risk funds. Of the $50,000 that Natasha pocketed
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document.write( "on her last real estate deal, $20,000 went to charity. She
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document.write( "invested part of the remainder in Dreyfus New Leaders Fund
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document.write( "with an annual yield of 16% and the rest in Templeton
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document.write( "Growth Fund with an annual yield of 25%. If she made
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document.write( "$6060 on these investments in 1 year, then how much did she
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document.write( "invest in each fund? \n" );
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Algebra.Com's Answer #197131 by drk(1908)![]() ![]() ![]() You can put this solution on YOUR website! we start with $50,000 and send $20,000 to charity. This leaves us with $30,000. \n" ); document.write( "We use the formula = PRT + PRT to get \n" ); document.write( "{{6060 = x(.16)(1) + (30000-x)(.25)(1)}}} \n" ); document.write( "we get \n" ); document.write( " \n" ); document.write( "and then \n" ); document.write( " \n" ); document.write( "subtract to get \n" ); document.write( " \n" ); document.write( "divide by -.09 to get \n" ); document.write( " \n" ); document.write( "So, we invest \n" ); document.write( "16,000 at 16% \n" ); document.write( "14,000 at 25%. \n" ); document.write( " |