Last year, Melania had a total of $20,000 invested in two mutual funds, Capital Growth Fund and
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Last year, Melania had a total of $20,000 invested in two mutual funds, Capital Growth Fund and Venture Index Fund. At the end of the year, she analyzed her investments and found that her earnings on her shares of Capital Growth Fund were three times half of her earnings on her investment in Venture Index Fund. If she earned a total of $1,250 on her investments in the two funds, and had three times as much money invested in Capital Growth Fund as in Venture Index Fund, what percent interest did Melania earn on her investment in Venture Index Fund?
a. .075
b. .01
c. 7.5
d. 10
e. 500
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Related Book For
1014 Practice Questions For The New GRE
ISBN: 9780375429682
2nd Edition
Authors: The Princeton Review
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