document.write( "Question 1119748: Jim received an inheritance of $15,000. If he wants to invest twice as much money in mutual funds as in bonds, how much should he invest in mutual funds? \n" ); document.write( "
Algebra.Com's Answer #735335 by Theo(13342)![]() ![]() You can put this solution on YOUR website! inheritance is 15000.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "this is composed of mutual funds and bonds.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "he invests twiceas muich mony in mutual funds as bonds.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "let x = amount n bonds.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "2x = amount in mutual funds.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "2x + x = 15000\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "combine like terms to get:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "3x = 15000\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "solve for x to get x = 15000 / 3 = 5000\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "2x = 10000.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "2x in mutual funds and x in bonds means 10,000 in mutual funds and 5,000 in bonds.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "solution is 10,000 is to be invested in mutual funds.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |