SOLUTION: Melissa has saved a total of $30,000 and wants to invest in three different stocks: Pepsico, IBM, and Microsoft. She wants the Pepsico amount to be $1,000 less than twice the IBM a
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Question 129472This question is from textbook Introductory & Intermediate Algebra
: Melissa has saved a total of $30,000 and wants to invest in three different stocks: Pepsico, IBM, and Microsoft. She wants the Pepsico amount to be $1,000 less than twice the IBM amount and the Microsoft amount to be $2,000 more than the total in the other two stocks. How much should she invest in each stock?
This question is from textbook Introductory & Intermediate Algebra
Answer by scott8148(6628) (Show Source): You can put this solution on YOUR website!
let x=IBM
"the Pepsico amount to be $1,000 less than twice the IBM amount" __ 2x-1000
"Microsoft amount to be $2,000 more than the total in the other two stocks"
__ x+2x-1000+2000 __ 3x+1000
x+2x-1000+3x+1000=30000 __ 6x=30000
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