Question

Please help. No clue where to start.
A person invested $15,000 in stocks and bonds. Her investment in bonds is $3000 more than one third her investment in stocks. How much did she invest in stocks? How much did she invest in bonds?

Answer 1

a person invested $15,000 in stocks and bonds. Her investment in bonds is $3000 more than one third her investment in stocks. How much did she invest in stocks?
let her investment in stocks is $x
then her investment in bonds=x/3+3000
now x/3+3000+x=15000

or (x+3x)/3=15000-3000=12000
or 4x=12000*3=36000
or x=36000/4=9000
so her investment in stocks is $9000 & in bonds is $6000

http://www.algebra.com/algebra/homework/word/finance/Money_Word_Problems.faq.question.701382.html

Answer 2

Welcome to Open Study!

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Answer 3

Thank you! sorry just saw this!