mariapazos wrote:If 1/2 of the money in a certain trust fund was invested in stocks, 1/4 in bonds, 1/5 in a mutual fund, and the remaining $10.000 in a government certificate, what was the total amount of the trust fund?
A.$100.000
B.$150.000
C.$200.000
D.$500.000
E.$2.000.000
We can plug in the answers, which represent the total amount of the trust fund.
Answer choice C: 200,000
Stock investment = 1/2 * 200,000 = 100,000.
Bond investment = 1/4 * 200,000 = 50,000.
Mutual fund investment = 1/5 * 200,000 = 40,000.
Total investment thus far = 100,000 + 50,000 + 40,000 = 190,000.
Amount remaining for government certificate = 200,000 - 190,000 = 10,000. Success!
The correct answer is
C.
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