SOLUTION: An investment of $10000 is divided into two accounts, one for stocks and one for mutual funds. The value of the stock account is 2000 less than twice the value of mutual funds acco
Algebra.Com
Question 319881: An investment of $10000 is divided into two accounts, one for stocks and one for mutual funds. The value of the stock account is 2000 less than twice the value of mutual funds account. Find the amount in each account.
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
x+2x-2000=10000
3x=12000
x=4000
2x-2000=6000
RELATED QUESTIONS
Please help me solve this.
An investment of $11,050 is divided into two accounts,... (answered by nerdybill)
An investor had a total of 25,000 put into a portfolio of stocks, bonds, and mutual... (answered by mananth)
A survey of 200 college graduates who have been working for at least 3 years found that... (answered by ikleyn,Edwin McCravy)
Jon invested a total of $12,000 in stocks, bonds, and mutual funds. She Received a 10%... (answered by ptaylor,edjones)
You recently graduated and your job search brought you to Blues Airline. Since you felt... (answered by ikleyn)
Formulate a system of equations for the situation below and solve.
A private investment... (answered by Theo,MathTherapy)
Formulate a system of equations for the situation below and solve.
A private investment... (answered by mananth,MathTherapy)
6. A survey of 100 MBA students found that 60 owned mutual funds, 40 owned stocks, and 20 (answered by stanbon)
Norma earns 1.5% annually in an online savings account and 4% in mutual funds. She... (answered by addingup)