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?
Answer by Theo(13342)   (Show Source):
You can put this solution on YOUR website! inheritance is 15000.
this is composed of mutual funds and bonds.
he invests twiceas muich mony in mutual funds as bonds.
let x = amount n bonds.
2x = amount in mutual funds.
2x + x = 15000
combine like terms to get:
3x = 15000
solve for x to get x = 15000 / 3 = 5000
2x = 10000.
2x in mutual funds and x in bonds means 10,000 in mutual funds and 5,000 in bonds.
solution is 10,000 is to be invested in mutual funds.
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