Normally we charge $3.00 for this answer

Today, you can get it FOR FREE if you

g+1, Follow or Like, us

Show me how to post my homework

Just do my homework!

  • HTML tags will be transformed to conform to HTML standards.
  • Add rel="nofollow" to external links
Question
Submitted by casely on Thu, 2013-02-28 21:25
due date not specified
answered 1 time(s)
casely bought 0 out of 1 answered question(s)

You have $10,000 in a savings account. You want to take most of the money out and invest in stocks...

You have $10,000 in a savings account. You want to take most of the money out and invest in stocks and bonds. You decide to invest nine times as much as you leave in the account. You also decide to invest five times as much in stocks as in bonds. How much will you invest in stocks, how much in bonds, how much will you leave in savings? Define your variables write 3 equations with 3 unknowns. solve.

Answer
Submitted by mathsexpert on Fri, 2013-03-01 02:24
teacher rated 5 times
4
price: $3.00

the answer is correct

body preview (267 words)

 

 xxx he invests in stock x x x   xx xxxxx = x  & in xxxxxx x z

            x + x x x x 10000   xxxxxxxxxxxxxxxxx   xxx

            stock + bonds x 9 xxxxx in saving

           x x y x 9z  , x x y x xx x 0   ----------------------   xxx

      xxxxx x 5 xxxxx xxxxx  x x = 5y  x x x xx + xxx = 0   xxxxxxxxxxxxxx   (3)

     x x x x x = 10000   -----------------   xxx

      x x y - 9z x x    xxxxxxxxxxxxxxxxxxxxx   xxx

      x - xx x 0.z = x  xxxxxxxxxxxxxxxxxxx   (3)

xxxxx xxx  x (2) x  x x 9z =

- - - more text follows - - -


Buy this answer