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 ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> 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 242999: 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 checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
50,000-20,000=30,000 was her investment amount.
.25x+.16(30,000-x)=6060
.25x+4800-.16x=6060
.09x=6060-4800
.09x=1260
x=1260/.09
x=14,000 invested @ 25%
30,000-14,000=16,000 invasted @ 16%
proof:
.25*14,000+.16*16,000=6,060
3,500+2,560=6,060
6,060=6,060