A sum of $20,000 is invested in three mutual funds. In one year the first fund grew

Question:

A sum of $20,000 is invested in three mutual funds. In one year the first fund grew by 5%, the second by 7%, and the third by 10%. Total earnings for the year were $1650. The amount invested in the third fund was four times the amount invested in the first fund. Find the amount invested in each fund.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question
Question Posted: