document.write( "Question 260867: A man has 2/3 of his portfolio invested at 12%, 1/4 at 15% and the remainder at 6%. How much is his portfolio valued if his annual income is $3,675? \n" ); document.write( "
Algebra.Com's Answer #192163 by drk(1908)![]() ![]() ![]() You can put this solution on YOUR website! 2/3 of his portfolio invested at 12%, \n" ); document.write( "1/4 at 15%, \n" ); document.write( "remainder at 6% \n" ); document.write( "annual income = $3,675. \n" ); document.write( "--- \n" ); document.write( "step 1 - solve for the remainder by first adding fractions as \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "step 2 - subtracting 11/12, we get \n" ); document.write( " \n" ); document.write( "-- \n" ); document.write( "we have a variation of I = PRT. \n" ); document.write( " \n" ); document.write( "step 3 - combine like terms on the right to get \n" ); document.write( " \n" ); document.write( "step 4 - divide by .1225 to get \n" ); document.write( " \n" ); document.write( "HIs portfolio was valued at $30,000 \n" ); document.write( " |