document.write( "Question 115194: A portfolio manager purchased 10,000 shares in mutal stock funds and mutual bonds funds valued at $146,000 for a retirement fund. At the time of the purchase, the stock funds sold for $11 per share, while the bond funds sold for $17 per share. How many shares of each did the retirement fund purchase? \n" ); document.write( "
Algebra.Com's Answer #83925 by scott8148(6628)![]() ![]() You can put this solution on YOUR website! let x=stock, so 10000-x=bond\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "11(x)+17(10000-x)=146000 ___ 11x+170000-17x=146000 ___ -6x=-24000 \n" ); document.write( " |