Question

A total of $76,000 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 $6,000, how much will be invested in each type of​ investment

Answer 1

Answer:

The amount invested as certificates of deposit is $ 35,000 and The amount invested as bonds is  $ 41,000

Step-by-step explanation:

Given as :

The total amount to be invested as bonds and certificates of deposit (CD) = $76,000

Let the amount invested as bonds = $ x + $6000

And The amount invested as CD = $ x

Now, According to question

The amount invested as CD + The amount invested as bonds = $ x  + $ x + $6000

Or, $ x  + $ x + $6000 = $76,000

Or, $ 2x = $76,000 - $6000

So,  $ 2x = $70,000

∴  x = $\frac{70000}{2}$ = $ 35,000

And $ x + $6000 = $ 35,000 + $6000 = $ 41,000

Hence The amount invested as certificates of deposit is $ 35,000 and The amount invested as bonds is  $ 41,000    Answer