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 $841,000 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) $4,205,000
Portion invested in preferred stock = 3/5 * 1/3 = 1/5   1/5 of fund = 841---   Fund = 5 * 841---   Here, we can avoid the math and simply look at 5 * 1 -&gt; 5. Only option E has 5 in it.   Answer ($4,205,000).
<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 $841,000 invested in preferred stocks, what is the total amount of money invested in the fund?