A total of 28,000 is being invested in a local bank. The amount
1 answer:
Answer:
(E) 22,400
Step-by-step explanation:
Let b represent the amount invested in bonds. Then b/4 is the amount invested in stocks, and the total amount invested is ...
b/4 +b = 28000
5/4b = 28000 . . . . . collect terms
b = (4/5)(28000) = 22,400 . . . . . multiply by 4/5
22,400 is invested in bonds.
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