mauigirl300
New member
- Joined
- Oct 30, 2009
- Messages
- 2
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?
$50,000 - $20,000 = $30,000
a = $30,000 - b
0.16a + 0.25b = $6060
I am unsure of what to do next or is the problem unsolvable and an equation? Sorry, I am confused.
$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?
$50,000 - $20,000 = $30,000
a = $30,000 - b
0.16a + 0.25b = $6060
I am unsure of what to do next or is the problem unsolvable and an equation? Sorry, I am confused.