Investing Your teacher invested $5000 in three funds. After a year they had $5450. The growth fund had a return rate of 12%, the income fund had a return rate of 8%, and the money market fund had a return rate of 5%. Your teacher invested twice as much in the income fund as in the money market fund. How much money was invested in each fund?
1 answer
Question:
Investing Your teacher invested $5000 in three funds. After a year they had $5450. The growth fund had a return rate
of 12%, the income fund had a return rate of 8%, and the money market fund had a return rate of 5%. Your teacher
invested twice as much in the income fund as in the money market fund. How much money was invested in each
fund?
of 12%, the income fund had a return rate of 8%, and the money market fund had a return rate of 5%. Your teacher
invested twice as much in the income fund as in the money market fund. How much money was invested in each
fund?
Answers
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