A total of $32,000 is to invested, some in bonds and some in certificates of deposit (CDs). If the amount invested in bonds is t

Question

stiks02 [169]

2 years ago

6

A total of $32,000 is to invested, some in bonds and some in certificates of deposit (CDs). If the amount invested in bonds is t

o exceed that in CDs by $8,000, how much will be invested in each type of investment

Mathematics

2 answers:

Naya [18.7K] · Answer 1 · 2022-09-01T14:26:48+03:00

Naya [18.7K]2 years ago

7 0

I think all you do is $32,000 / $8,000 which is $4,000.

Meaning $4,000 will be invested in each investment, I may be wrong though.

WITCHER [35] · Answer 2 · 2022-09-01T15:59:24+03:00

WITCHER [35]2 years ago

6 0

I am going to set x=bonds and y=cds
equation one
x+y=32000
equation 2
x=y+8000
substitute equation 2 back into equation 1
(y+8000)+y=32000
2y+8000=32000
2y=24000
y=12000(cds)
now you can take this y value and plug it back into either equation you want
x=12000+8000
x=20000(bonds)