SOLUTION: A total of $58,00 is to be invested, some in bonds and some in certificated of deposit (CD's). If the amount invested in bonds to exceed that in CD's by $1,000, how much will be in
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Question 1011674: A total of $58,00 is to be invested, some in bonds and some in certificated of deposit (CD's). If the amount invested in bonds to exceed that in CD's by $1,000, how much will be invested in each type?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = amount invested in CDs
and
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$2,400 was invested in CDs
$3,400 was invested in bonds
--------------------------
check:
OK
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