st. You will invest M as much in Treasury notes as you invest in municipal bonds. to inv ipal bonds and / ars in reasury notes. For security, your financial advisor recommends that you invest twice (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 = (b) Solve the system of equations in part (a) to determine how much is invested in each category. municipal bonds 24 Treasury notes 24

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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ISBN:9780079039897
Author:Carter
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Chapter6: Systems Of Linear Equations And Inequalities
Section: Chapter Questions
Problem 52SGR
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You have $60,000 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 =
(b) Solve the system of equations in part (a) to determine how much is invested in each category.
municipal bonds
Treasury notes
Transcribed Image Text:You have $60,000 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 = (b) Solve the system of equations in part (a) to determine how much is invested in each category. municipal bonds Treasury notes
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