SOLUTION: Linda received an inheritance of $15,000. If she wants to invest twice as much money in mutual funds as in bonds, how much should she invest in mutual funds and how much in bonds?

Question 872073: Linda received an inheritance of $15,000. If she wants to invest twice as much money in mutual funds as in bonds, how much should she invest in mutual funds and how much in bonds?
Inheritance = $15,000
x = Money invested in Bonds
2 x = Money invested in Mutual funds
x + 2x = $15,000
3x/3 = 0 + 15,000/3 = 5000(Bonds) x 2 = 10,000 (Mutual Funds)
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
Your answers are correct.
Strange way to calculate.
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