document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1191881>Question 1191881</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Maricopa's Success scholarship fund receives a gift of $ 85000. The money is invested in stocks, bonds, and CDs. CDs pay 5.25 % interest, bonds pay 2.1 % interest, and stocks pay 8.4 % interest. Maricopa Success invests $ 25000 more in bonds than in CDs. If the annual income from the investments is $ 4147.5 , how much was invested in each account? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #823805 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=823805\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> x=stocks and income is 0.084x<BR>\n" );
document.write( "bonds and CDs together are $85000-x. Let CDs be y and bonds y+25000<BR>\n" );
document.write( "y+25000+y=85000-x<BR>\n" );
document.write( "2y=60000-x<BR>\n" );
document.write( "y=30000-0.5x<BR>\n" );
document.write( "CDs are 30000-0.5x and income is (30000-0.5x)(0.0525)=1575-0.02625x<BR>\n" );
document.write( "bonds are 55000-0.5x and income is (55000-0.5x)(0.021)=1155-0.0105x\r<BR>\n" );
document.write( "\n" );
document.write( "add those three terms to get $4147.5-0.04725x=$2730<BR>\n" );
document.write( "-0.04725x=-1417.5<BR>\n" );
document.write( "x=$30000<BR>\n" );
document.write( "so $30000 in stocks for income of $2520<BR>\n" );
document.write( "$15000 in CDs for income of $787.50<BR>\n" );
document.write( "$40000 in bonds for income of $840 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );