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14 Mar 2014, 03:21
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C
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Difficulty:
5%
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Question Stats:
90% (01:13) correct
10%
(01:47)
wrong
based on 1781
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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
(A) $100,000
(B) $150,000
(C) $200,000
(D) $500,000
(E) $2,000,000
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16 Mar 2014, 06:01
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SOLUTION
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) S 100,000
(B) S 150,000
(C) S 200,000
(D) S 500,000
(E) $2,000,000
1/2 + 1/4 + 1/5 = 19/20. Thus the remaining 1/20 was invested in government certificate: 1/20*(total) = 10,000 --> (total) = 200,000.
Answer: C.
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) S 100,000
(B) S 150,000
(C) S 200,000
(D) S 500,000
(E) $2,000,000
1/2 + 1/4 + 1/5 = 19/20. Thus the remaining 1/20 was invested in government certificate: 1/20*(total) = 10,000 --> (total) = 200,000.
Answer: C.
18 Mar 2014, 23:10
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Let the total amount be x
\(\frac{x}{2} + \frac{x}{4} + \frac{x}{5} + 10000 = x\)
\(\frac{x}{20} = 10000\)
x = 200000 = Answer = C
\(\frac{x}{2} + \frac{x}{4} + \frac{x}{5} + 10000 = x\)
\(\frac{x}{20} = 10000\)
x = 200000 = Answer = C
