39. Devon invested $8000 in three different mutual funds. A fund containing large cap stocks made 6.2% return in 1 yr. A real estate fund lost 13.5% in 1 yr, and a bond fund made 4.4% in 1 yr. The amount invested in the large cap stock fund was twice the amount invested in the real estate fund. If Devon had a net return of $66 across all investments, how much did he invest in each fund? (See Example 6)
39. Devon invested $8000 in three different mutual funds. A fund containing large cap stocks made 6.2% return in 1 yr. A real estate fund lost 13.5% in 1 yr, and a bond fund made 4.4% in 1 yr. The amount invested in the large cap stock fund was twice the amount invested in the real estate fund. If Devon had a net return of $66 across all investments, how much did he invest in each fund? (See Example 6)
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter3: Linear And Nonlinear Functions
Section3.7: Piecewise And Step Functions
Problem 30PPS
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Transcribed Image Text:39. Devon invested $8000 in three different mutual funds.
A fund containing large cap stocks made 6.2% return
in 1 yr. A real estate fund lost 13.5% in 1 yr, and a
bond fund made 4.4% in 1 yr. The amount invested in
the large cap stock fund was twice the amount invested
in the real estate fund. If Devon had a net return of
$66 across all investments, how much did he invest in
each fund? (See Example 6)
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