A total of $98,000 is to be invested, some in bonds and some in certificates of deposit (CDs). If the amount invested in bonds

Question

Anni [7]

3 years ago

5

A total of $98,000 is to be invested, some in bonds and some in certificates of deposit (CDs). If the amount invested in bonds

is to exceed that in CDs by $2,000, how much will be invested in each type of investment?

Mathematics

1 answer:

mamaluj [8] · Answer 1 · 2022-06-11T13:25:11+03:00

mamaluj [8]3 years ago

7 0

B= 2000 + CD
98000 = B + CD
substitute b in
98000 = 2000 + CD + CD
add variables
98000 = 2000 + 2CD
subtract 2000 from each side
96000 = 2CD
divide each side by 2
48000 = CD

A total of $98,000 is to be​ invested, some in bonds and some in certificates of deposit​ (CDs). If the amount invested in bonds

A total of $98,000 is to be invested, some in bonds and some in certificates of deposit (CDs). If the amount invested in bonds