Question

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?

Answer 1

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?

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Equations:

s + b + C = 170000

11.4s + 4.4b + 3.25C = 1005500

b = C + 25000

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Rearrange::

s + b + C = 170000

1140s + 440b + 325C = 100550000

0 + b - C = 25000

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

 

stocks = 45000

bonds = 75000

CD's = 50000

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Cheers,

Stan H.

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Maricopa Success invested $

in stocks.

Maricopa Success invested $

in bonds.

Maricopa Success invested $

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Hope this helps!

Brainliest would be great!

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With all care,

07x12!