SOLUTION: Problem on page 23 number 110 Diversification - Helen has 1/5 of her portfolio in U.S. stocks, 1/8 of her portfolio in Europea stocks, and 1/10 of her portfolio in Japanese stoc

Question 145445This question is from textbook Elementary and Intermediate Algebra
: Problem on page 23 number 110
Diversification - Helen has 1/5 of her portfolio in U.S. stocks, 1/8 of her portfolio in Europea 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 invesed in muncipal bonds.
What formula do I use to solve this word problem? This question is from textbook Elementary and Intermediate Algebra

Answer by 24HoursTutor.com(40) (Show Source): You can put this solution on YOUR website!
Portofolio invested in US Stocks :1/5
Portofolio invested in European Stocks : 1/8
Portofolio invested in Japanese Stocks : 1/10
Total invested in above 3 = 1/5 + 1/8 + 1/10 = (8+5+4)/40 = 17/40
Remainder invested in municipal bonds = 23/40
Percentage invested in municipal bonds = 23/40 * 100 = 57.5%
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