GRE Question of the Day (April 10)

Math

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?

(percent interest = \({\frac{{earnings}}{{investment}}*100}\))

A. .075
B. .01
C. 7.5
D. 10
E. 500

Correct Answer - D - (click and drag your mouse to see the answer)

Question Discussion & Explanation