Devon invested $7500 in three different mutual funds. A fund containing large cap stocks made a 5.4% return in 1 yr. A real estate fund lost 13.2% in 1 yr, and a bond fund made 4.2% in 1 yr. The amount invested in the large cap stock fund was three times the amount invested in the real estate fund. If Devon had a net return of $108 across all investments, how much did he invest in each fund? Devon invested in the large cap fund, S in the real estate fund, and $ in the bond fund. X
Devon invested $7500 in three different mutual funds. A fund containing large cap stocks made a 5.4% return in 1 yr. A real estate fund lost 13.2% in 1 yr, and a bond fund made 4.2% in 1 yr. The amount invested in the large cap stock fund was three times the amount invested in the real estate fund. If Devon had a net return of $108 across all investments, how much did he invest in each fund? Devon invested in the large cap fund, S in the real estate fund, and $ in the bond fund. X
Calculus: Early Transcendentals
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Author:James Stewart
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Devon invested $7500 in three different mutual funds. A fund containing large cap stocks made a 5.4% return in 1 yr. A real estate fund lost 13.2% in 1 yr, and
a bond fund made 4.2% in 1 yr. The amount invested in the large cap stock fund was three times the amount invested in the real estate fund. If Devon had a
net return of $108 across all investments, how much did he invest in each fund?
Devon invested S in the large cap fund, S
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in the real estate fund, and S
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in the bond fund.
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