The expression 1.05S+1.02B predicts the end-of-year value of a financial portfolio, where S is the value of stocks in dollars and B is the value of bonds in dollars in the portfolio at the beginning of the year. What is the predicted end-of-year value, in dollars, of a portfolio that begins the year with S dollars in stocks and B dollars in bonds?
Q. The expression 1.05S+1.02B predicts the end-of-year value of a financial portfolio, where S is the value of stocks in dollars and B is the value of bonds in dollars in the portfolio at the beginning of the year. What is the predicted end-of-year value, in dollars, of a portfolio that begins the year with S dollars in stocks and B dollars in bonds?
Identify expression: Identify the expression for the end-of-year value. The expression is 1.1x+1.05y, where x is the value of stocks and y is the value of bonds at the beginning of the year.
Substitute values: Substitute the given values into the expression. Assume x=5000 dollars and y=3000 dollars. Calculate 1.1×5000+1.05×3000.
Perform calculations: Perform the calculations: 1.1×5000=5500 and 1.05×3000=3150.
Add results: Add the results of the calculations: 5500+3150=8650.
More problems from Evaluate two-variable equations: word problems