Country Day's scholarship fund receives a gift of $ 145000. The money is invested in stocks, bonds, and CDs. CDs pay 2.75 % interest, bonds pay 3 % interest, and stocks pay 8.5 % interest. Country day invests $ 50000 more in bonds than in CDs. If the annual income from the investments is $ 5637.5 , 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 $ 145000. The money is invested in stocks, bonds, and CDs. CDs pay 2.75 % interest, bonds pay 3 % interest, and stocks pay 8.5 % interest. Country day invests $ 50000 more in bonds than in CDs. If the annual income from the investments is $ 5637.5 , how much was invested in each vehicle? Country Day invested $ in stocks. Country Day invested $ in bonds. Country Day invested $ in CDs.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter6: Systems Of Linear Equations And Inequalities
Section6.1: Graphing Systems Of Equations
Problem 59PFA
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