Question 385766
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?
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Investment = 50,000 -20,000=30,000
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Dreyfus New Leaders Fund-16% -------------  $x
Templeton Growth Fund - 25%. ------------- 30,000-x
$6060  interest
...
16x+25(30000-x)=6060*100
16x+750,000-25x=606,000
-9x=606,000-750,000
-9x=-144,000
/-9
x=16,000 in Dreyfus New Leaders Fund
...
Balance in Templeton Growth Fund
m.ananth@hotmail.ca