document.write( "Question 1055863: 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 4.4 % interest, and stocks pay 11.4 % interest. Maricopa Success invests $ 25000 more in bonds than in CDs. If the annual income from the investments is $ 10055 , how much was invested in each account? \r
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document.write( "Maricopa Success invested $
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document.write( " in stocks.
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document.write( "Maricopa Success invested $
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document.write( " in bonds.
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document.write( "Maricopa Success invested $ \n" );
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Algebra.Com's Answer #671029 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! 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 4.4 % interest, and stocks pay 11.4 % interest. Maricopa Success invests $ 25000 more in bonds than in CDs. If the annual income from the investments is $ 10055 , how much was invested in each account? \n" ); document.write( "-------------------------- \n" ); document.write( "Equations: \n" ); document.write( "s + b + C = 170000 \n" ); document.write( "11.4s + 4.4b + 3.25C = 1005500 \n" ); document.write( "b = C + 25000 \n" ); document.write( "----------------------- \n" ); document.write( "Rearrange:: \n" ); document.write( "s + b + C = 170000 \n" ); document.write( "1140s + 440b + 325C = 100550000 \n" ); document.write( "0 + b - C = 25000 \n" ); document.write( "-------------------------- \n" ); document.write( "Use any method you know to solve the system to get: \n" ); document.write( "stocks = 45000 \n" ); document.write( "bonds = 75000 \n" ); document.write( "CD's = 50000 \n" ); document.write( "---------------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "--------------\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "Maricopa Success invested $ \n" ); document.write( "in stocks. \n" ); document.write( "Maricopa Success invested $ \n" ); document.write( "in bonds. \n" ); document.write( "Maricopa Success invested $ \n" ); document.write( " |