A total of $24,000 is to be invested in stocks and bonds. If the amount invested in bonds is three times that invested in stoc

Question

prohojiy [21]

1 year ago

5

A total of $24,000 is to be invested in stocks and bonds. If the amount invested in bonds is three times that invested in stoc

ks, how much is invested in each category?

Mathematics

1 answer:

Ilya [14] · Answer 1 · 2024-05-02T23:18:27+03:00

Answer:

bonds: $18,000
stocks: $6,000

Step-by-step explanation:

You have a total of $24,000 invested in stocks and bonds in the ratio 1 : 3. You want to know the amount invested in each category.

<h3>Ratio</h3>

Recognizing that the total number of ratio units is 1+3 = 4, and that total represents $24,000, we see that each ratio unit represents $24,000/4 = $6,000.

Multiplying the ratio by $6,000, we see the investment amounts are ...

stocks : bonds = 1 : 3 = $6,000 : $18,000

$6,000 is invested in stocks; $18,000 is invested in bonds.

A total of ​$24,000 is to be invested in stocks and bonds. If the amount invested in bonds is three times that invested in​ stoc

A total of $24,000 is to be invested in stocks and bonds. If the amount invested in bonds is three times that invested in stoc