Basic College Mathematics (10th Edition)

Published by Pearson
ISBN 10:
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Chapter 2 - Multiplying and Dividing Fractions - 2.6 Applications of Multiplication - 2.6 Exercises - Page 158: 38

Answer

$\frac{1}{5}$ is invested in bonds.

Work Step by Step

This problem can be restated to say that $\frac{1}{3}$ of $\frac{3}{5}$ of the investments are in bonds. Multiply to determine the fraction that are in bonds. $\frac{1}{3} \times \frac{3}{5} $ can be reduced by the common factor of 3. $\frac{1}{1} \times \frac{1}{5} = \frac{1}{5}$
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