SOLUTION: A total of $87,000 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 $5,000, how much will be

SOLUTION: A total of $87,000 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 $5,000, how much will be

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Question 984710: A total of $87,000 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 $5,000, how much will be invested in each type of investment?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

Let

represent the amount invested in CDs. Then

represents the amount invested in bonds. The sum is 87,000, so:

Solve for

then calculate

John

My calculator said it, I believe it, that settles it

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