Question 773424: An employee at a major corporation has $2,000 to invest in her 401K. She wants to invest part of it in a mutual fund, part in company stock and part in bonds. She has decided that she wants to invest twice as much in the mutual fund as she invests in company stock. During the first three months of her investment, the mutual fund increases in value by 4.5%, the bonds increase in value by 2.6% and the company stock falls in value by 0.2%. As a result of these changes, the value of her investment increased by a total of $58. Based on this information, how much money did she initially invest in the mutual fund, bonds and company stock? Hint: you will need to convert the percentages to decimals.
Answer by MathTherapy(10552)   (Show Source):
You can put this solution on YOUR website!
An employee at a major corporation has $2,000 to invest in her 401K. She wants to invest part of it in a mutual fund, part in company stock and part in bonds. She has decided that she wants to invest twice as much in the mutual fund as she invests in company stock. During the first three months of her investment, the mutual fund increases in value by 4.5%, the bonds increase in value by 2.6% and the company stock falls in value by 0.2%. As a result of these changes, the value of her investment increased by a total of $58. Based on this information, how much money did she initially invest in the mutual fund, bonds and company stock? Hint: you will need to convert the percentages to decimals.
Amount invested in STOCKS: $
Amount invested in MUTUAL FUNDS: $
Amount invested in BONDS: $
You can do the check!!
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