SOLUTION: High-risk funds. 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
Algebra ->
Customizable Word Problem Solvers
-> Travel
-> SOLUTION: High-risk funds. 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
Log On
Question 268910: High-risk funds. 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? Answer by drk(1908) (Show Source):
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.
We use the formula = PRT + PRT to get
{{6060 = x(.16)(1) + (30000-x)(.25)(1)}}}
we get
and then
subtract to get
divide by -.09 to get
So, we invest
16,000 at 16%
14,000 at 25%.
(