Maricopa's Success scholarship fund receives a gift of $ 90000. The money is invested in stocks, bonds, and CDs. CDs pay 5.5 % interest, bonds pay 3.6 % interest, and stocks pay 10.8 % interest. Maricopa Success invests $ 50000 more in bonds than in CDs. If the annual income from the investments is $ 4870 , how much was invested in each account?

Maricopa's Success scholarship fund receives a gift of $ 90000. The money is invested in stocks, bonds, and CDs. CDs pay 5.5 % interest, bonds pay 3.6 % interest, and stocks pay 10.8 % interest. Maricopa Success invests $ 50000 more in bonds than in CDs. If the annual income from the investments is $ 4870 , how much was invested in each account?

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Description: Maricopa's Success scholarship fund receives a gift of $ 90000. The money is invested in stocks, bonds, andCDs. CDs pay 5.5 % interest, bonds pay 3.6 % interest, and stocks pay 10.8 % interest. Maricopa Successinvests $ 50000 more in bonds than in C

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter11: Rational And Irrational Numbers

Section: Chapter Questions

Problem 10MPS

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