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7 votes
A total of 33,000 is being invested in a local bank. The amount invested in stocks is one half of the amount invested in

bonds. How much is invested in bonds?

User Alan Porter
by
2.7k points

1 Answer

18 votes
18 votes

Final answer:

To find out how much is invested in bonds, we can set up an equation and solve for x. The amount invested in bonds is $22,000.

Step-by-step explanation:

To find out how much is invested in bonds, we need to first determine the amount invested in stocks. According to the given information, the amount invested in stocks is one half of the amount invested in bonds. Let's represent the amount invested in bonds as x. Therefore, the amount invested in stocks would be x/2.

Now, we can set up an equation to solve for x: x + x/2 = 33,000.

Multiplying both sides of the equation by 2 to eliminate the fractional part, we get: 2x + x = 66,000.

Combining like terms, we have: 3x = 66,000.

Dividing both sides of the equation by 3, we find that x = 22,000.

Therefore, $22,000 is invested in bonds.

User Carlos Quiroga
by
2.9k points
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