SOLUTION: A total of $28,000 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 $7000, how much will be

Question 548667: A total of $28,000 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 $7000, how much will be invested in each type of investment?
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
Hint:

Let x = amount invested in bonds and y = amount invested in CDs

So if "A total of $28,000 is to be invested", then , which is the first equation

and "If the amount invested in bonds is to exceed that in CDs by $7000", then

Now plug into the first equation to get

From here, solve for y. Once you have a solution for y, use it to find x.
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