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 #771417 by MathTherapy(10552) $\"\"$ $\"About$

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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?
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It'll take forever to solve this if you use the other person's method. Creating 6 equations with 6 variables is DEFINITELY too, too much, and when it's that COMPLICATED,
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document.write( "it's very likely you'll make some SERIOUS errors, and you may never get the correct answers. Plus, that's TOO, TOO RIDICULOUS! When you do that, a problem like this would
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document.write( "likely take up the entire time in a test, if it should ever appear on one.\r
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document.write( "Anyway, let the amount invested in CDs be C
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document.write( "Then amount invested in bonds = C + 50,000 
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document.write( "So, amount invested in stocks = 110,000 - C - (C + 50,000) = 110,000 - C - C - 50,000 = 60,000 - 2C
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document.write( "We then get a SOLE (1) INTEREST INCOME equation: .074(60,000 - 2C) + .026(C + 50,000) + .0425C = 4,150 
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document.write( "4,440 - .148C + .026C + 1,300 + .0425C = 4,150
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document.write( ".026C + .0425C - .148C = 4,150 - 4,440 - 1,300\r
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document.write( "+ .0260C                                 - 4,440
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document.write( "+ .0425C                                 - 1,300
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document.write( "+ .0685C          SUB-TOTAL              - 5,740  
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document.write( "- .1480C                                 + 4,150
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document.write( "- .0795C            TOTAL                - 1,590   
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document.write( "We now have: - .0795C = - 1,590
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document.write( "C, or 
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document.write( "That's IT!! A whole lot less COMPLEX!!
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document.write( "YOU can do the check!!
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document.write( "Out of curiosity, I'd love to see how the other person would complete this problem! No wonder he ran out of time.
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document.write( "Or, maybe it just got too intense and BORING for him, and he RAN! Who knows!! \n" );
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