document.write( "Question 1003847: Please help me with this problem. After doing the problem my answers below were wrong. Show all work and steps. Thanks\r
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document.write( "Maricopa's Success scholarship fund receives a gift of $ 170000. The money is invested in stocks, bonds, and CDs. CDs pay 3.25 % interest, bonds pay 2.2 % interest, and stocks pay 7.3 % interest. Maricopa Success invests $ 10000 more in bonds than in CDs. If the annual income from the investments is $ 7325 , how much was invested in each account? \r
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document.write( " Maricopa Success invested $ 63500 in stocks.
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document.write( " Maricopa Success invested $ 73500 in bonds.
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document.write( " Maricopa Success invested $ 33000 in CDs. \r
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Algebra.Com's Answer #620465 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! x=bonds \n" ); document.write( "stocks+CDs=170000-x \n" ); document.write( "but x-10000=CDs \n" ); document.write( "therefore, stocks+(x-10000)=170000-x \n" ); document.write( "stocks=180000-2x\r \n" ); document.write( "\n" ); document.write( "0.022x+0.0325(x-10000)+0.073(180000-2x)=170000 \n" ); document.write( "0.022x-325+0.0325x+13140-0.146x=7325 \n" ); document.write( "-0.0915x=-5490 \n" ); document.write( "x=$60,000 in bonds earn 1320 \n" ); document.write( "x-10000=$50,000 in CDs, earn 1625 \n" ); document.write( "180000-2x=$60,000 in stocks earn 4380. They add to $7325.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |