Edmonds Community College's (EDCC) scholarship fund received a gift of $ 168,000. The money is invested in CDs, bonds, and Stocks. CDs pay 3.25% interest, bonds pay 4.1% interest, and stocks pay 7.7% simple interest. EDCC invests $ 64,000 more in bonds than in CDs. If the annual income from the investments is $9,183 , how much was invested in each vehicle? in CDs in bonds in Stocks

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter4: Systems Of Linear Equations
Section4.3: Solve Mixture Applications With Systems Of Equations
Problem 4.58TI: Translate to a system of equations and solve: Jill’s Sandwich Shoppe owes $65,200 on two business...
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Edmonds Community College's (EDCC) scholarship fund received a gift of $ 168,000.
The money is invested in CDs, bonds, and Stocks.
CDs pay 3.25% interest, bonds pay 4.1% interest, and stocks pay 7.7% simple interest.
EDCC invests $ 64,000 more in bonds than in CDs. If the annual income from the investments is $9,183,
how much was invested in each vehicle?
in CDs
24
in bonds
in Stocks
%24
Transcribed Image Text:Edmonds Community College's (EDCC) scholarship fund received a gift of $ 168,000. The money is invested in CDs, bonds, and Stocks. CDs pay 3.25% interest, bonds pay 4.1% interest, and stocks pay 7.7% simple interest. EDCC invests $ 64,000 more in bonds than in CDs. If the annual income from the investments is $9,183, how much was invested in each vehicle? in CDs 24 in bonds in Stocks %24
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