SOLUTION: Mr.Fairbanks invested half his money in land, a tenth in stock, and a twentieth in bonds. He put the remaining $35,000 in a savings account. What is the total amount of money that

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Question 682750: Mr.Fairbanks invested half his money in land, a tenth in stock, and a twentieth in bonds. He put the remaining $35,000 in a savings account. What is the total amount of money that Mr.Fairbanks saved or invested?
I can't seem to figure out this work problem no matter what I try. You do not have to tell me the answer. I just need to know how I would solve it in order to get my answer.
Thanks!

Answer by MathTherapy(10552) About Me  (Show Source):
You can put this solution on YOUR website!

Mr.Fairbanks invested half his money in land, a tenth in stock, and a twentieth in bonds. He put the remaining $35,000 in a savings account. What is the total amount of money that Mr.Fairbanks saved or invested?
I can't seem to figure out this work problem no matter what I try. You do not have to tell me the answer. I just need to know how I would solve it in order to get my answer.
Thanks!

He invested 1%2F2+%2B+1%2F10+%2B+1%2F20, or 10%2F20+%2B+2%2F20+%2B+1%2F20, or 13%2F20 of the initial amount. This means that he had 1+-+13%2F20, or 7%2F20 remaining.

Since the remainder is 7%2F20, which is also 35,000, then we can say that 7%2F20 represents $35,000. From this you can use proportions to determine the initial sum before he invested and saved.

You can do the check!!

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