SOLUTION: a total of $39000 is to be invested some in bonds and some in cds. if the amount invested in bonds is to exceed that CD by $6000 how much will be invested in each type of investmen
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Question 825872: a total of $39000 is to be invested some in bonds and some in cds. if the amount invested in bonds is to exceed that CD by $6000 how much will be invested in each type of investment? Answer by mananth(16946) (Show Source):
You can put this solution on YOUR website! Bonds------------ x
CD--------------y
x+y=39000
x-y=6000
add the equations
2x=45000
x= 22,500
plug x
in the equation
we get
y= 16,500
Bonds----------$22,500
CD--------------$16,500
