SOLUTION: Diversification-Helen has 1/5 of her portfolio in U.S stocks, 1/8 of portfolio in European stocks, and 1/10 of the portfolio in Japanese stocks. The remainder is invested in muncip

Algebra ->  Equations -> SOLUTION: Diversification-Helen has 1/5 of her portfolio in U.S stocks, 1/8 of portfolio in European stocks, and 1/10 of the portfolio in Japanese stocks. The remainder is invested in muncip      Log On


   

Question 161356: Diversification-Helen has 1/5 of her portfolio in U.S stocks, 1/8 of portfolio in European stocks, and 1/10 of the portfolio in Japanese stocks. The remainder is invested in muncipal bonds. What fraction of her portfolio is invested in the municipal bonds?
What percent is invested in muncipal bonds?
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
1-(1/5+1/8+1/10)=1-(8+5+4)/40=1-17/40=23/40 was invested in municipal bonds.
23/40=.575=57.5% was invested in municipal bonds.