Question

4. A man had $24,000 to invest. He invests

twice as much in stocks as he does in bonds.
How much does he invest in stocks and how
much does he invest in bonds?
1

Answer 1

$16,000 in stocks

$8,000 in bonds

Explanation:

He invests 2x in stocks and x in bonds.

The total investment is 2x + x = 3x.

The total investment is $24,000.

3x = 24,000

x = 8,000

Stocks: 2x = 2(8,000) = 16,000

Bonds: x = 8,000

Answer:

$16,000 in stocks

$8,000 in bonds