An amount of $15,000 is invested in a fund that has a return of 6%. How much money is invested in a fund with a 4% return if the total return on both investments is $1380?

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Alanna Downs · Accepted Answer

Step 1Find the return of   6  % from 15,000 invested2nd subtract the answer from $1380Next divide the answer from this by   4  %The answer is the other amount invested.1)      $    15  ,  000  ×  6  %  =      $    15  ,  000  ×  0.06  =      $    9002)       $    1380  −      $    900  =      $    4803)                     $            480              4      %        =                    $            480        0.04        $    12  ,  0004) ck:       $    900  +      $    480  =      $    1  ,  380Answer: $12,000 is invested at a   4  % return.

An amount of $15,000 is invested in a fund that has a return of 6%. How much money is invested in a fund with a 4% return if the total return on both investments is $1380?

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