<u>Given</u>:
Juan has been saving for a new bike for two months. So far, he has saved $150 for the bike.
The money that he has saved so far is 30% of the cost of the bike.
We need to determine the total cost of the bike.
<u>Total cost of the bike:</u>
Let x denote the total cost of the bike.
The total cost of the bike is given by
The value of 30% can be written as 
Thus, we get;
Multiplying both sides by 
, we have;
Simplifying, we have;
Thus, the value of x is 500.
Hence, the total cost of the bike is $500.
13. (24, 8); because the rule is: y=x÷3
Answer:
yes. The total would be $9.90
The reason for diversification of one's investment portfolio is: C .It reduces the overall risk of your portfolio.
<h3>What Does Diversification of Investment Portfolio Mean?</h3>
Diversification of investment portfolio as an investment strategy simply involves spreading your investment around several types of asset, which is a way of reducing the volatility of your investment over time, which helps to reduce overall risk.
Thus, the main reason you would want to diversify your investment portfolio is: C .It reduces the overall risk of your portfolio.
Learn more about diversification on:
brainly.com/question/417234
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Answer:
depends on what X is
Step-by-step explanation:
