Question

Henri has $24000 invested in stocks and bonds. The amount in stocks is $6000 more than three times the amount in bonds. Call the amount that henri invested in stocks s and the amount he invested in bonds b

Answer 1

Henri invested $ 4,500 in bonds and $ 19,500 in stocks.

Explanation:

Given that Henri has $ 24000 invested in stocks and bonds, and the amount in stocks is $ 6000 more than three times the amount in bonds, to determine the amount that Henri invested in stocks (S) and the amount he invested in bonds (B), the following calculations must be performed:

6000 + 3B + B = 24000

3B + B = 24000 - 6000

4B = 18000

B = 18000/4

B = 4500

S = 6000 + 3x4500

S = 6000 + 13500

S = 19500

Thus, Henri invested $ 4,500 in bonds and $ 19,500 in stocks.