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A total of $30,000 is to be invested in stock and bond. if the amount invested in bonds is four times that invested in stocks, how much is invested in each category.

Respuesta :

Let the amount invested in stocks be x.

The amount invested in bonds is four times that invested in stockes.

Therefore, the amount invested in bonds is 4x.

Accordingly,

[tex]\begin{gathered} 4x+x=30000 \\ 5x=30000 \\ x=6000 \end{gathered}[/tex]

So, the amount invested in stocks is $6000.

The amount invested in bonds is

[tex]6000\times4=24,000[/tex]

So, the amount invested in bonds is $24,000.

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