Country Day's scholarship fund receives a gift of $ 135000. The money is invested in stocks, bonds, and CDs. CDs pay 3.25 % interest, bonds pay 2.2 % interest, and stocks pay 11.5 % interest. Country day invests $35000 more in bonds than in CDs. If the annual income from the investments is $ 7882.5 , how much was invested in each vehicle? Country Day invested $ in stocks. Country Day invested $ in bonds. Country Day invested $ in CDs.

Country Day's scholarship fund receives a gift of $ 135000. The money is invested in stocks, bonds, and CDs. CDs pay 3.25 % interest, bonds pay 2.2 % interest, and stocks pay 11.5 % interest. Country day invests $35000 more in bonds than in CDs. If the annual income from the investments is $ 7882.5 , how much was invested in each vehicle? Country Day invested $ in stocks. Country Day invested $ in bonds. Country Day invested $ in CDs.

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter11: Rational And Irrational Numbers

Section: Chapter Questions

Problem 10MPS

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