Country Day's scholarship fund receives a gift of $ 150000. The money is invested in stocks, bonds, and CDs.CDs pay 2 % interest, bonds pay 5.4 % interest, and stocks pay 8.7 % interest. Country day invests $ 35000more in bonds than in CDs. If the annual income from the investments is $ 8395 , how much was invested ineach vehicle?Country Day invested $in stocks.Country Day invested $in bonds.Country Day invested $in CDs.Note: the video solves this question using the substitution method, but you may use your calculator.

We solve the given problem using system of equations.

Answered: Country Day's scholarship fund receives…

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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