A company offers three mutual fund plans for its employees. Plan I consists of 2 blocks of common stocks, 3 municipal bonds, and 4 blocks of preferred stock. Plan II consists of 2 blocks of common stocks, 2 municipal
Bonds, and 1 block of preferred stock. Plan III consists of 4 blocks of common stocks, 5 municipal bonds, and 5
Blocks of preferred stock. An employee combined these plans so that he has 22 blocks of common stock, 27
Municipal bonds, and 26 blocks of preferred stock. How many units of plan III might he have?
A) 0, 1, 2, 3, 4, or 5
B) 3, 4, 5, or 6
C) 0, 1, 2, 3, 4, 5, or 6
D) 3, 4, or 5

Question

Quizplus · Accepted Answer

The employee has 22 blocks of common stock, 27 municipal bonds, and 26 blocks of preferred stock. Plan III consists of 4 blocks of common stocks, 5 municipal bonds, and 5 blocks of preferred stock. So, the employee could have 0, 1, 2, 3, 4, or 5 units of plan III.

A Company Offers Three Mutual Fund Plans for Its Employees