Answered: If the annual amount of money earned in…

If the annual amount of money earned in interest from all of the investments combined is $4,350, how much was invested in each? EDCC invested how much $ in stocks $ in bonds $ in CDs

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter4: Systems Of Linear Equations

Section4.4: Solve Systems Of Equations With Three Variables

Problem 4.72TI: The community college soccer team sold three kinds of tickets to its latest game. The adult tickets...

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Question

100%

Edmonds Community College's (EDCC) scholarship fund received a gift of $ 95,000.
The money is invested in stocks, bonds, and CDs.
CDs pay 3% annual simple interest, bonds pay 4% annual simple interest, and stocks pay 6.5% annual simple interest.
EDCC invests $ 25,000 more in bonds than in CDs.

If the annual amount of money earned in interest from all of the investments combined is $4,350, how much was invested in each?

EDCC invested how much
$ in stocks
$ in bonds
$ in CDs

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