SOLUTION: Linda received an inheritance of $15,000. If she wants to invest twice as much money in mutual funds as in bonds, how much should she invest in mutual funds and how much in bonds?

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: Linda received an inheritance of $15,000. If she wants to invest twice as much money in mutual funds as in bonds, how much should she invest in mutual funds and how much in bonds?      Log On


   

Question 872073: Linda received an inheritance of $15,000. If she wants to invest twice as much money in mutual funds as in bonds, how much should she invest in mutual funds and how much in bonds?
Inheritance = $15,000
x = Money invested in Bonds
2 x = Money invested in Mutual funds
x + 2x = $15,000
3x/3 = 0 + 15,000/3 = 5000(Bonds) x 2 = 10,000 (Mutual Funds)
Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
Your answers are correct.
Strange way to calculate.