Jill invested her savings, a total of $28,000 in a virtual currency platform for Bitcoin, Eureka and Monero. She received 10 % profit from Bitcoin, a 6% profit from Eureka and 12 % profit from Monero. Her total profit was $2,840. If her total investments in Bitcoin and Eureka, equals her Monero investment, how much did she invest in each currency?

Jill invested her savings, a total of $28,000 in a virtual currency platform for Bitcoin, Eureka and Monero. She received 10 % profit from Bitcoin, a 6% profit from Eureka and 12 % profit from Monero. Her total profit was $2,840. If her total investments in Bitcoin and Eureka, equals her Monero investment, how much did she invest in each currency?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

Jill invested her savings, a total of $28,000 in a virtual currency platform for Bitcoin, Eureka
and Monero. She received 10% profit from Bitcoin, a 6% profit from Eureka and 12% profit
from Monero. Her total profit was $2,840. If her total investments in Bitcoin and Eureka,
equals her Monero investment, how much did she invest in each currency?

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