SOLUTION: Pam has 1/5 of her portfolio in US stocks, 1/8 of portfolio in European stocks, and 1/10 of her portfolio in Japanese stocks. The remainder is invested in municipal bonds. What fra

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts  -> Lessons -> SOLUTION: Pam has 1/5 of her portfolio in US stocks, 1/8 of portfolio in European stocks, and 1/10 of her portfolio in Japanese stocks. The remainder is invested in municipal bonds. What fra      Log On


   

Question 199310: Pam has 1/5 of her portfolio in US stocks, 1/8 of portfolio in European stocks, and 1/10 of her portfolio in Japanese stocks. The remainder is invested in municipal bonds. What fraction of her portfolio is invested in municipal bonds? What percentage is invested in municipal bonds?
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!

Add the fractions , , , then subtract that sum from 1 to get your first answer. Then divide the denominator of that answer into its numerator, carry the quotient out to 3 decimal places, round off to 2 decimal places, and finally move the decimal point two places to the right to get your second answer.

John