Question

Maricopa's Success scholarship fund receives a gift of $ 175000. The money is invested in stocks, bonds, and CDs. CDs pay 2.25 % interest, bonds pay 5.7 % interest, and stocks pay 10.9 % interest. Maricopa Success invests $ 30000 more in bonds than in CDs. If the annual income from the investments is $ 11975 , how much was invested in each account?

Expert Answer

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.
Tagged in
Math
Algebra

Equations and In-equations

Related Algebra Q&A

Find answers to questions asked by students like you.

Q: If the annual number of retail drug prescriptions (in millions) can be approximated by the least squ...

A: The annual number of drug prescription (in millions) can be approximated by the least squares line  ...

Q: Linear Algebra.

A: As per our honor code, we are authorized to answer only one question at a moment. As you have not me...

Q: Original Scaled (k=143) (-2,–2)

A: Given that: Sketch of the letter "N" : 

Q: Find the volume of thasparallelepiped with one vertex at the origin and adjacent vertices at (1,0, -...

A: Click to see the answer

Q: A farmer finds there is linear relationship between the numbers of bean stalks , n, she plants and t...

A: Given:        We have given two points (30,30) and (34,28).Now the value of m is:m=30−2830−34=−24=−1...

Q: You deposit $6000 in an account earning 5% interest compounded monthly. How much will you have in th...

A: Click to see the answer

Q: Linear Algebra. Only for the part find the matrix EA

A: Click to see the answer

Q: State whether each conjecture is true or false.give a counterexample for any false conjecture For al...

A: The given conjecture is  x4>x Substitute, x=1 14>11=1 Since 1 is not grater then 1.  Therefore...

Q: 3. The in-degree and the out-degree of the vertex d in the following graph are: A) 5 & 1 В) 5 & 2 С)...

A: This is the given graph We have to find in degree and out-degree of vertex d in degree= number of pa...

Q: Please help me and write in the Ln or log form.  Find the 9th, 24th, and nth terms of the arithmetic...

A: Click to see the answer

Q: 5- I want solution of this question sub-parts with all steps, please. Thanks

A: The matrix shows the population of three provinces in 1980,1990, and 2000 is, M=a-acb-ac0-11

Q: P=3

A: Given that A=4ppp101p16 and p=3.Thus, the matrix becomes A=4333101316 It is required to find the eig...

Q: You want to have $100,000 when you retire in 10 years. If you can earn 7% interest compounded contin...

A: You want to have $100,000 when you retire in 10 years. If you can earn 7% interest compounded contin...

Q: 725 tickets were sold for a game for a total of $1,100.00. If adult tickets sold for $2.00 and child...

A: Click to see the answer

Q: A bank loaned out $29,000, part of it at the rate of 8% annual interest, and the rest at 9% annual i...

A: we know that the total amount loaned was $29000 let the one part loaned be x  and the other part of ...

Q: Question 4 The three graphs represent the 400 progress of three runners in a 400- 300 meter race. 20...

A: Click to see the answer

Q: P = 3

A: Click to see the answer

Q: Jessica and Louise began to read the same book on Friday. Jessica reads 11 pages a day while Louise ...

A: Click to see the answer

Q: You are at the store, and are trying to remember how much bread, meat, and cheese you were supposed ...

A: Let x, y and z be the number of loaf of bread, number of pounds of meat and number of pounds of chee...

Q: Find the characteristic polynomial of the matrix 2 1 01 A =0 3 3 4 3 p(x) =

A: Click to see the answer

Q: Let A be an m x n matrix. If the equation AX = b is consistent for some b, then Col( A) is all of R"...

A: Given AX= b

Q: When two numbers are multiplied the answer (product) is 96 and when the two numbers are added togeth...

A: Let x and y be two numbers  According to given question, x·y=96x+y<30                            ...

Q: A man can seed a large field in 8 hours. His daughter can do thejob in 6 hours. If she starts an hou...

A: this question is solved with the help of percentage  detailed solution is given below  

Q: One number is greater than thrice the other number by 2 . If 4 times the smaller number exceeds the ...

A: Let one number = x Another number = y  

Q: Add the rational expressions.

A: Given To simplify 8c-3c-1+2c-1c-1

Q: Consider a 30-year mortgage for $356,901 at an annual interest rate of 4%. What is the remaining bal...

A: in this question, we have  principal balance = $356901 total mortgage time = 30 years  we have asked...

Q: For which value of a is the solution set of the following system х+5у +z —D b — 5 2х — 4y — z —а+b-3...

A: Click to see the answer

Q: Add the rational expressions.

A: Given:8c-3c-1+2c-1c-1

Q: ) Find A10 and eAt for [1 1 01 A = 0 0 1. Lo 0 1l

A: Click to see the answer

Q: Let B be a Boolean algebra. Show that (а) ал0 — 0 (b) а V (аль) — а (c) a V (¬a A b) = a V b.

A: Click to see the answer