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Country Day's scholarship fund receives a gift of $ 170000. The money is invested in stocks, bonds, and CDs. CDs pay 5.75 % interest, bonds pay 2 % interest, and stocks pay 8.2 % interest. Country day invests $ 75000 more in bonds than in CDs. If the annual income from the investments is $ 7992.5, how much was invested in each vehicle? Country Day invested $ in stocks. Country Day invested $ in bonds. Country Day invested S in CDs

Country Day's scholarship fund receives a gift of $ 170000. The money is invested in stocks, bonds, and CDs. CDs pay 5.75 % interest, bonds pay 2 % interest, and stocks pay 8.2 % interest. Country day invests $ 75000 more in bonds than in CDs. If the annual income from the investments is $ 7992.5, how much was invested in each vehicle? Country Day invested $ in stocks. Country Day invested $ in bonds. Country Day invested S in CDs

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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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Country Day's scholarship fund receives a gift of $ 170000. The money is invested in stocks, bonds, and CDs. CDs pay 5.75 % interest, bonds pay 2 % interest, and stocks pay 8.2 % interest. Country day invests $ 75000 more in bonds than in CDs. If the annual income from the investments is $ 7992.5, how much was invested in each vehicle? Country Day invested $ in stocks. Country Day invested $ in bonds. Country Day invested $ in CDs.
Transcribed Image Text:Country Day's scholarship fund receives a gift of $ 170000. The money is invested in stocks, bonds, and CDs. CDs pay 5.75 % interest, bonds pay 2 % interest, and stocks pay 8.2 % interest. Country day invests $ 75000 more in bonds than in CDs. If the annual income from the investments is $ 7992.5, how much was invested in each vehicle? Country Day invested $ in stocks. Country Day invested $ in bonds. Country Day invested $ in CDs.
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