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 $843,000 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) $4,215,000
Portion invested in preferred stock = 3/5 * 1/3 = 1/5   1/5 of fund = 843---   Fund = 5 * 843---   Here, we can avoid the math and simply look at 5 * 3 -&gt; 15. Only option E has 15 in it.   Answer ($4,215,000).
<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 $843,000 invested in preferred stocks, what is the total amount of money invested in the fund?