document.write( "Question 642493: a total of $20,000 is to be invested, some in bonds and some in certficates of deposit (CDs). If the amount invested in bonds is to exceed that in CDs by $2000, how much will be invested in each type of instrument?
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Algebra.Com's Answer #404118 by Century(7)![]() ![]() You can put this solution on YOUR website! A total of $20,000 is to be invested, some in bonds and some in certficates of deposit (CDs). If the amount invested in bonds is to exceed that in CDs by $2000, how much will be invested in each type of instrument?\r \n" ); document.write( "\n" ); document.write( "Let C = the amount invested in CDs \n" ); document.write( "then the amount invested in bonds will be C+2000.\r \n" ); document.write( "\n" ); document.write( "From this information an equation can now be written \r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " or in words the amount invest in CDs plus the amount invested in bonds equals 20000.\r \n" ); document.write( "\n" ); document.write( "This equation can be written as \n" ); document.write( "Subtracting 2000 from both sides you get \n" ); document.write( "Dividing both sides by 2 you get \n" ); document.write( "\n" ); document.write( "Therefore the amount invested in CDs is $9000 and the amount invested in bonds is $2000 more or $11000. \n" ); document.write( " |