A person invested 30,000 in stocks and bonds. Her investment in bonds is 2000 more than 1-third her

Discussion in 'Calculator Requests' started by math_celebrity, Sep 10, 2019.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    A person invested 30,000 in stocks and bonds. Her investment in bonds is 2000 more than 1-third her investments in stocks. How much did she invest in stocks? How much did she invest in bonds?

    Let the stock investment be s, and the bond investment be b. We're given:
    1. b + s = 30000
    2. b = 1/3s + 2000
    Plug in (2) to (1):
    1/3s + 2000 + s = 30000

    Group like terms:
    (1/3 + 1)s + 2000 = 30000

    Since 1 = 3/3, we have:
    4/3s + 2000 = 30000

    Subtract 2000 from each side:
    4/3s + 2000 - 2000 = 30000 - 2000

    Cancel the 2000's on the left side, we get:
    4/3s = 28000

    Typing this equation into our calculator, we get:
    s = 21,000
     

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