Question

Laurie has $46,000 invested in stocks. The amount invested in stocks is $8,000 less than three times the amount invested in bonds. How much does laurie have invested in bonds?

Answer 1

Amount invested in stocks = 46,000

Let "x" be the amount invested in bonds

The amount invested in stock is also = 3x - 8,000

We equate the two amounts above (Since both are related to stock investments), we get,

3x-8000 = 46000

3x = 54000

x =54000/3

x =18000

Amount that Laurie has invested in bonds = $18,000