Maricopa's Success scholarship fund receives a gift of $ 140000. The money is invested in stocks, bonds, and CDs. Stocks pay 10.5 % interest, bonds pay 5.5 % interest, and CDs pay 4.5 % interest. Maricopa Success invests $ 40000 more in bonds than in CDs. If the annual income from the investments is $ 11050 , how much was invested in each account? Maricopa Success invested $ in stocks. Maricopa Success invested $ in bonds. Maricopa Success invested $ in CDs.
Maricopa's Success scholarship fund receives a gift of $ 140000. The money is invested in stocks, bonds, and CDs. Stocks pay 10.5 % interest, bonds pay 5.5 % interest, and CDs pay 4.5 % interest. Maricopa Success invests $ 40000 more in bonds than in CDs. If the annual income from the investments is $ 11050 , how much was invested in each account? Maricopa Success invested $ in stocks. Maricopa Success invested $ in bonds. Maricopa Success 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:Maricopa's Success scholarship fund receives a gift of $ 140000. The money is invested in
stocks, bonds, and CDs. Stocks pay 10.5 % interest, bonds pay 5.5 % interest, and CDs pay
4.5 % interest. Maricopa Success invests $ 40000 more in bonds than in CDs. If the annual
income from the investments is $ 11050 , how much was invested in each account?
Maricopa Success invested $
in stocks.
Maricopa Success invested $
in bonds.
Maricopa Success invested $
in CDs.
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