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23 August, 08:14

Laurie has $46,000 invested in stocks. The amount invested in stocks is $8,000 less than three times the amount invested in bonds. How much does laurie have invested in bonds?

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  1. 23 August, 08:20
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    Amount invested in stocks = 46,000

    Let "x" be the amount invested in bonds

    The amount invested in stock is also = 3x - 8,000

    We equate the two amounts above (Since both are related to stock investments), we get,

    3x-8000 = 46000

    3x = 54000

    x = 54000/3

    x = 18000

    Amount that Laurie has invested in bonds = $18,000
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