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:
1/3s + 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
Let the stock investment be s, and the bond investment be b. We're given:
- b + s = 30000
- b = 1/3s + 2000
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