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 $849,000 invested in preferred stocks, what is the total amount of money invested in the fund?	Pick one
A) $1,974,000	B) $2,538,000	C) $3,264,000	D) $3,826,000	E) $4,245,000
Portion invested in preferred stock = 3/5 * 1/3 = 1/5   1/5 of fund = 849---   Fund = 5 * 849---   Here, we can avoid the math and simply look at 5 * 9 -&gt; 45. Only option E has 45 in it.   Answer ($4,245,000).
<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 $849,000 invested in preferred stocks, what is the total amount of money invested in the fund?