document.write( "Question 323543: Of the $50,000 that Natasha pocketed on her last real estate deal, $20,000 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 1 year, then how much did she invest in each fund? \n" ); document.write( "
Algebra.Com's Answer #231584 by mananth(16949) You can put this solution on YOUR website! $ 50,000 was the amount received. \n" ); document.write( "20000 went to charity \n" ); document.write( "So she invested $30,000 \n" ); document.write( "Let her invest x in New Leader - 16% \n" ); document.write( "she will invest 30,000-x in Templeton 25% \n" ); document.write( ".. \n" ); document.write( "Total she earned = \n" ); document.write( "$9090 \n" ); document.write( ".\r \n" ); document.write( "\n" ); document.write( "0.16x+0.25(30,000-x)=6060 \n" ); document.write( "0.16x+7500-0.25x=6060 \n" ); document.write( "-0.09x=-1440 \n" ); document.write( "x= -1440 / -0.09 \n" ); document.write( "x= $ 16,000 with Dreyfus New leaders \n" ); document.write( "$14,000 with Templeton \n" ); document.write( " |