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 $847,000 invested in preferred stocks, what is the total amount of money invested in the fund? Choose the correct answer.
A) $1,974,000  B) $2,538,000  C) $3,264,000  D) $3,826,000  E) $4,235,000
Portion invested in preferred stock = 3/5 * 1/3 = 1/5   1/5 of fund = 847---   Fund = 5 * 847---   Here, we can avoid the math and simply look at 5 * 7 -&gt; 35. Only option E has 35 in it.   Answer ($4,235,000).
<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 $847,000 invested in preferred stocks, what is the total amount of money invested in the fund?