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Yanka [14]
3 years ago
15

Maricopa's Success scholarship fund receives a gift of $ 230000. The money is invested in stocks, bonds, and CDs. CDs pay 2.5 %

interest, bonds pay 2.2 % interest, and stocks pay 11.3 % interest. Maricopa Success invests $ 15000 more in bonds than in CDs. If the annual income from the investments is $ 12095 , how much was invested in each account?
Mathematics
1 answer:
erik [133]3 years ago
7 0

Maricopa's Success scholarship fund receives a gift of $ 170000. The money is invested in stocks, bonds, and CDs. CDs pay 3.25 % interest, bonds pay 4.4 % interest, and stocks pay 11.4 % interest. Maricopa Success invests $ 25000 more in bonds than in CDs. If the annual income from the investments is $ 10055 , how much was invested in each account?

--------------------------

Equations:

s + b + C = 170000

11.4s + 4.4b + 3.25C = 1005500

b = C + 25000

-----------------------

Rearrange::

s + b + C = 170000

1140s + 440b + 325C = 100550000

0 + b - C = 25000

--------------------------

Use any method you know to solve the system to get:

 

stocks = 45000

bonds = 75000

CD's = 50000

----------------

Cheers,

Stan H.

--------------

Maricopa Success invested $

in stocks.

Maricopa Success invested $

in bonds.

Maricopa Success invested $

--------------

<em>Hope this helps!</em>

<em />

<u>Brainliest would be great!</u>

<u />

--------------

<u><em>With all care,</em></u>

<u><em>07x12!</em></u>

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