Question

Jenna has a savings account invested in stocks and bonds. 20% of her savings is in bonds. If Jenna has $2,200 in bonds, how much does she have in savings all together?

Answer 1

Answer: Her total savings are equal to $11,000.

Explanation:

Hi, to answer this question we have to write an equation.

The total savings (x) multiplied by the percentage in bonds (in decimal form) must be equal to $2,200.

Mathematically speaking:

x (20/100) = 2,200

Solving for x:

x = 2,200/ 0.2

x = $11,000

Her total savings are equal to $11,000.

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