Questions on Word Problems: Money, Business and Interest answered by real tutors!

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Question 151211This question is from textbook
: 102. Diversification. Helen has 1/5 of her portfolio in U.S. stocks, 1/8 of her 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 percent is invested in municipal bonds? (Be sure to write the fraction in correct form.)
M = municipal bond fraction
m = % municipal bonds

This question is from textbook
: 102. Diversification. Helen has 1/5 of her portfolio in U.S. stocks, 1/8 of her 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 percent is invested in municipal bonds? (Be sure to write the fraction in correct form.)
M = municipal bond fraction
m = % municipal bonds


Answer by checkley77(3624) About Me  (Show Source):
You can put this solution on YOUR website!
1/5+1/8+1/10
(8+5+4)/40
17/40=.425=42.5% OF THE MONEY IS INVESTED IN MUNICIPAL BONDS.