document.write( "Question 1150051: Maricopa's Success scholarship fund receives a gift of $110000. The money is invested in stocks, bonds, and CDs. CDs pay 4.25 % interest, bonds pay 2.6 % interest, and stocks pay 7.4 % interest. Maricopa Success invests $50000 more in bonds than in CDs. If the annual income from the investments is $4150, how much was invested in each account? \n" ); document.write( "
Algebra.Com's Answer #771411 by josmiceli(19441)![]() ![]() You can put this solution on YOUR website! With annual, simple interest: \n" ); document.write( "--------------------------------- \n" ); document.write( " \n" ); document.write( "--------------------------------------- \n" ); document.write( "(1) \n" ); document.write( "(2) \n" ); document.write( "(3) \n" ); document.write( "(4) \n" ); document.write( "(5) \n" ); document.write( "(6) \n" ); document.write( "---------------------------------------- \n" ); document.write( "There are 6 unknowns and 6 equations, so it's solvable \n" ); document.write( "Substitute (1), (2), and (3) into (6) \n" ); document.write( "(6) \n" ); document.write( "(6) \n" ); document.write( "Multiply both sides of (4) by \n" ); document.write( "and subtract (4) from (6) \n" ); document.write( "(6) \n" ); document.write( "(4) \n" ); document.write( "------------------------------------------------------- \n" ); document.write( " \n" ); document.write( "I don't have the time, but you can proceed and get answers\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |