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  3. In a certain growth fund, 3/5 of the investment capital is invested in stocks, a

In a certain growth fund, 3/5 of the investment capital is invested in stocks, a

游客2024-01-14  46
问题 In a certain growth fund, 3/5 of the investment capital is invested in stocks, and of that portion, 1/3 is invested in preferred stocks. If the mutual fund has $846,000 invested in preferred stocks, what is the total amount of money invested in the fund?
选项 A、$1,974,000
B、$2,538,000
C、$3,264,000
D、$3,826,000
E、$4,230,000
答案 E
解析 If 846,000 is 1/3 of the total amount in stocks, then 846,000×3=2,538,000 invested in stocks. If 2,538,000 is 3/5 of the total, then multiply 2,538,000 times 5/3 to get the total amount in the fund: 4,230,000.
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