Country Day's scholarship fund receives a gift of $ 145000. The money is invested in stocks, bonds, and CDs. CDs pay 2.75 % interest, bonds pay 3 % interest, and stocks pay 8.5 % interest. Country day invests $ 50000 more in bonds than in CDs. If the annual income from the investments is $ 5637.5 , how much was invested in each vehicle? Country Day invested $ in stocks. Country Day invested $ in bonds. Country Day invested $ in CDs.
Country Day's scholarship fund receives a gift of $ 145000. The money is invested in stocks, bonds, and CDs. CDs pay 2.75 % interest, bonds pay 3 % interest, and stocks pay 8.5 % interest. Country day invests $ 50000 more in bonds than in CDs. If the annual income from the investments is $ 5637.5 , how much was invested in each vehicle? Country Day invested $ in stocks. Country Day invested $ in bonds. Country Day invested $ in CDs.
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter5: Factoring Polynomials
Section: Chapter Questions
Problem 10MPS
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Transcribed Image Text:Country Day's scholarship fund receives a gift of $ 145000. The money is invested in stocks, bonds, and
CDs. CDs pay 2.75 % interest, bonds pay 3 % interest, and stocks pay 8.5 % interest. Country day invests $
50000 more in bonds than in CDs. If the annual income from the investments is $ 5637.5 , how much was
invested in each vehicle?
Country Day invested $
in stocks.
Country Day invested $
in bonds.
Country Day invested $
in CDs.
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