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
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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
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