SOLUTION: suppose that you received an unexpected inheritance of $17600. you have decided to invest some of the money in stocks and some in bonds. To diversify, you decide that three times t

Question 225013: suppose that you received an unexpected inheritance of $17600. you have decided to invest some of the money in stocks and some in bonds. To diversify, you decide that three times the amount in bonds should equal five times the amount invested in stocks. How much should be invested in stocks and how much in bonds?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
3x+5x=17600
8x=17600
x=2200
3x=$6600 bonds
5x=$11000 stocks
RELATED QUESTIONS
Suppose that you received an unexpected inheritance of $36,000. You have decided to (answered by ikleyn,greenestamps)

Suppose you received an unexpected inheritance of 34,200. You decide to invest by placing (answered by lwsshak3)

Hello! I've tried this problem a few ways, and cannot seem to arrive at the answer (the... (answered by ankor@dixie-net.com,MathTherapy)

Suppose you have a total of $4,400 to invest in stocks and bonds. (answered by ikleyn,Alan3354)

Need assistance please. I really don't know what I am doing, and the book only provides... (answered by greenestamps,ikleyn)

You were left a small inheritance by your Grandmother. Her will stipulates that you... (answered by graphmatics)

You were left a small inheritance by your Grandma. Her will stipulates that you invest... (answered by rwm)

Formulate a system of equations for the situation below and solve. A private investment... (answered by Theo,MathTherapy)

Formulate a system of equations for the situation below and solve. A private investment... (answered by mananth,MathTherapy)