document.write( "Question 1146923: Green River Community College's scholarship fund receives a gift of $ 190000. The money is invested in stocks, bonds, and CDs. CDs pay 2.5 % interest, bonds pay 3.6 % interest, and stocks pay 7.2 % interest. GRCC invests $ 20000 more in bonds than in CDs. If the annual income from the investments is $ 8395 , how much was invested in each vehicle? \r
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document.write( "GRCC invested $ in stocks.
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document.write( "GRCC invested $ in bonds.
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document.write( "GRCC invested $ in CDs.
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Algebra.Com's Answer #768205 by greenestamps(13200)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "(1) Use the given numbers to write an expression for the total amount of interest using a single variable. \n" ); document.write( "Let \n" ); document.write( "Then \n" ); document.write( "And then \n" ); document.write( "interest from CDs: \n" ); document.write( "interest from bonds: \n" ); document.write( "interest from stocks: \n" ); document.write( "(2) Write and solve the equation that says the total interest is $8395: \n" ); document.write( " \n" ); document.write( "Basic algebra; although some of the calculations look ugly.... \n" ); document.write( "Or, if an algebraic solution is not required, the equation is easily solved using a graphing calculator. \n" ); document.write( "Then, of course, after solving for x, you need to use that value to determine the amounts invested in each place. \n" ); document.write( " |