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
\n" ); document.write( "\n" ); document.write( "GRCC invested $ in stocks.
\n" ); document.write( "GRCC invested $ in bonds.
\n" ); document.write( "GRCC invested $ in CDs.
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Algebra.Com's Answer #768205 by greenestamps(13200)\"\" \"About 
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\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 \"x\" = amount in CDs
\n" ); document.write( "Then \"%28x%2B20000%29\" = amount in bonds ($20,000 more than in CDs)
\n" ); document.write( "And then \"%28190000-%28x%2B%28x%2B20000%29%29%29+=+170000-2x\" = amount in stocks (the total $190,000, minus the amounts in CDs and bonds)

\n" ); document.write( "interest from CDs: \"0.025%28x%29\"
\n" ); document.write( "interest from bonds: \"0.036%28x%2B20000%29\"
\n" ); document.write( "interest from stocks: \"0.072%28170000-2x%29\"

\n" ); document.write( "(2) Write and solve the equation that says the total interest is $8395:

\n" ); document.write( "\"0.025%28x%29%2B0.036%28x%2B20000%29%2B0.072%28170000-2x%29+=+8395\"

\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.
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