SOLUTION: Sara made $50000 off a real estate deal. She gave $20000 to charity. She invested part of the remainder in a fund with an annual yield of 16% and the rest in a growth fund with a y
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-> SOLUTION: Sara made $50000 off a real estate deal. She gave $20000 to charity. She invested part of the remainder in a fund with an annual yield of 16% and the rest in a growth fund with a y
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Question 336048: Sara made $50000 off a real estate deal. She gave $20000 to charity. She invested part of the remainder in a fund with an annual yield of 16% and the rest in a growth fund with a yield of 25%. If she made $6060 on these investments in one year, how much did she invest in each fund? Answer by rfer(16322) (Show Source):
You can put this solution on YOUR website! .16x+.25(30000-x)=6060
.16x+7500-.25x=6060
-.09x=-1440
x=16000 at 16%
30000-16000=14000 at 25%
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