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? Pick:  A) $1,974,000  B) $2,538,000  C) $3,264,000  D) $3,826,000  E) $4,230,000
Total invested in preferred stocks is =(3)/(5)∗(1)/(3) = (1)/(5) * Investment Capital   = 846,000   Total amount of money invested in the fund= 846,000 * 5 = 4,230,000   Answer is $4,230,000
<result>E</result>
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?