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

Algebra ->  Algebra  -> Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> 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      Log On

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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(5896) About Me  (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