SOLUTION: 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
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Question 170358: 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 Templetion Growth Fund with an annual yield of 25%. If she made $6060 on these ivestments in 1 year, then how much did she invest in each fund? Answer by Mathtut(3670) (Show Source):
You can put this solution on YOUR website! remainder is 50000-20000=30000
:
lets call amount invested with dreyfus fund x and the amount invested in the templeton fund 30000-x.
:
.16(x)+.25(30000-x)=6060
:
.16x+7500-.25x=6060
:
.09x=1440
: dollars invested in dreyfus fund dollars invested in templeton fund
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