Question 333754: A total of $20,000 is to be invested in bonds and some in certificates of deposit. If the amount invested in bonds is to exceed that of certificates of deposit by $2,000, how much will be invested in each type?
Answer by mananth(16946) (Show Source):
You can put this solution on YOUR website! let amount invested in certificates be $x
the amount invested in bonds will be (20,000-x)
..
(20,000-x)= x+2000
20,000-x= x +2000
2x= 18,000
x = 9000 amount invested in certificates
$ 11,000 will be invested in bonds
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