Math Problem Statement

You have $30,000 to invest. You will invest M dollars in municipal bonds and T dollars in Treasury notes. For security, your financial advisor recommends that you invest twice as much in Treasury notes as you invest in municipal bonds. (a) Write a system of equations that will determine how much to invest in each category. (Suggestion: One equation should show the total amount invested. The second equation should show that twice as much is invested in Treasury notes as in municipal bonds.) M + T = T =

M (b) Solve the system of equations in part (a) to determine how much is invested in each category. municipal bonds $ Treasury notes $

Solution

Ask a new question for Free

By Image

Drop file here or Click Here to upload

Math Problem Analysis

Mathematical Concepts

Algebra
Linear Equations
Systems of Equations

Formulas

M + T = 30,000
T = 2M

Theorems

Substitution Method

Suitable Grade Level

Grades 9-12