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 o

Algebra ->  Customizable Word Problem Solvers  -> Finance -> 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 o      Log On

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Question 158733: 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 checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
.25x+.16(30,000-x)=6,060
.25x+4,800-.16x=6,060
.09x=6,060-4,800
.09x=1,260
x=1,260/.09
x=14,000 is the amount invested @ 25%.
30,000-14,000=16,000 invested @ 16%.
Proof:
.25*14,000+.16*16,000=6,060
3,500+2,560=6,060
6,060=6,060