suppose that your long-lost Aunt Sara has left you an unexpected inheritance of $22,400. You have decided to invest the money rather than spend it on frivolous purchases. Your financial advisor has recommended that you diversify by placing some of the money in stocks and some in bonds. Based upon current market conditions, she has recommended that the amount in bonds should equal three-fifths of the amount invested in stocks. How much should be invested in stocks? How much should be invested in bonds?
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
Let x (dollars) be the amount of money to be invested in stocks.
Amount to be invested in bonds =
Amount in hands = $22,400
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