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If 1/2 an investment portfolio was invested in stocks, 1/5
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17 Oct 2017, 22:26
17 Oct 2017, 22:26
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Question Stats:
73% (00:52) correct
26% (03:02) wrong based on 15 sessions
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If 1/2 an investment portfolio was invested in stocks, 1/5 in a mutual fund, 1/10 in bonds, and the remaining $25,000 in a savings bond, what was the total amount in the portfolio?
(A) $100,000
(B) $125,000
(C) $150,000
(D) $200,000
(E) $250,000
Kudos for correct solution.
(A) $100,000
(B) $125,000
(C) $150,000
(D) $200,000
(E) $250,000
Kudos for correct solution.
Re: If 1/2 an investment portfolio was invested in stocks, 1/5
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18 Oct 2017, 05:32
18 Oct 2017, 05:32
The information can be translated into numbers as \([1-(\frac{1}{2}+\frac{1}{5}+\frac{1}{10})]x = 25,000\). Solving we get \(\frac{1}{5}x = 25,000\) and x = 125,000, the total amount of the portfolio.
Answer B
Answer B
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Re: If 1/2 an investment portfolio was invested in stocks, 1/5
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08 Jan 2018, 10:45
08 Jan 2018, 10:45
1
Expert Reply
Bunuel wrote:
If 1/2 an investment portfolio was invested in stocks, 1/5 in a mutual fund, 1/10 in bonds, and the remaining $25,000 in a savings bond, what was the total amount in the portfolio?
(A) $100,000
(B) $125,000
(C) $150,000
(D) $200,000
(E) $250,000
(A) $100,000
(B) $125,000
(C) $150,000
(D) $200,000
(E) $250,000
We can let the total investment = n and create the following equation:
(1/2)n + (1/5)n + (1/10)n + 25,000 = n
Multiplying the equation by 10, we have:
5n + 2n + n + 250,000 = 10n
250,000 = 2n
125,000 = n
Answer: B
