Devon invested $6500 in three different mutual funds. A fund containing large cap stocks made a 7.3% return in 1 yr. A real estate fund lost 14.6% in 1yr, and a bond fund made 5.8% 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 $203 across all investments, how much did he invest in each fund

Devon invested $6500 in three different mutual funds. A fund containing large cap stocks made a 7.3% return in 1 yr. A real estate fund lost 14.6% in 1yr, and a bond fund made 5.8% 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 $203 across all investments, how much did he invest in each fund

Elementary Algebra

17th Edition

ISBN:9780998625713

Author:Lynn Marecek, MaryAnne Anthony-Smith

Publisher:Lynn Marecek, MaryAnne Anthony-Smith

Chapter5: Systems Of Linear Equations

Section5.2: Solve Systems Of Equations By Substitution

Problem 5.48TI: Kenneth currently sells suits for company A at a salary of $22,000 plus a $10 commission for each...

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