Asked by Rose
A person invested $20,000 in stocks and bonds. Her investment in bonds is $4,000 more than one third her investment in stocks. How much did she invest in stocks? How much did she invest in bonds?
Answers
Answered by
Steve
s + b = 20000
s + (4000 + s/3) = 20000
4/3 s = 16000
s = 12000
b = 8000
s + (4000 + s/3) = 20000
4/3 s = 16000
s = 12000
b = 8000