Interest and Investments

• Jan 31st 2009, 04:49 PM
andrews6
Interest and Investments
Of the \$50,000 that Natsha 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.

I am getting for the 1st fund investment of \$12,000. and second fund \$18,000. I am not very sure of my self.(Crying)
• Jan 31st 2009, 05:06 PM
Jhevon
Quote:

Originally Posted by andrews6
Of the \$50,000 that Natsha 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.

I am getting for the 1st fund investment of \$12,000. and second fund \$18,000. I am not very sure of my self.(Crying)

That is not what I got.

Here's a hint:

Let $x$ be the amount invested in Dreyfus
So $30000 - x$ is the amount invested in Templeton

The interest gained from the amount in Dreyfus is $0.16x$
The interest gained from the amount in Templeton is $0.25(30000 - x)$
The total interest is 6060

now can you finish?
• Jan 31st 2009, 05:08 PM