document.write( "Question 1120427: Maria was reviewing the investment results of her retirement savings account. The account balance at the start of the year was $6700. The account earned $619. Her investments were in a bond fund which had a return of 5%, a balanced fund which had a return of 8%, and an aggressive fund which had a return of 12%. She had $300 fewer in the aggressive fund than she did in the bond and balanced funds combined. How much did she have invested in the aggressive fund? \n" ); document.write( "
Algebra.Com's Answer #736109 by solver91311(24713) You can put this solution on YOUR website! \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Bonds + Balanced + Aggressive = 6700.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Aggressive + 300 = Bonds + Balanced\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "2(Aggressive) + 300 = 6700\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Aggressive = 3200\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Since the interest rate on the Aggressive account was 12%, the amount of interest paid on the Aggressive account must be 0.12 X $3200 = $384\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "That means the amount paid on the other two accounts was $619 - $384 = $235.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Since the amount in the Aggressive account was $3200, the amount in the combination of the other two accounts must have been $6700 - $3200 = $3500.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So Bonds + Balanced = 3500. Let \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Solve for \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "John \n" ); document.write( " \n" ); document.write( "My calculator said it, I believe it, that settles it \n" ); document.write( " ![]() \n" ); document.write( " |