SOLUTION: A total of $87,000 is to be invested, some in bonds and some in certificates of deposit (CDs). If the amount invested in bonds is to exceed that in CDs by $5,000, how much will be

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: A total of $87,000 is to be invested, some in bonds and some in certificates of deposit (CDs). If the amount invested in bonds is to exceed that in CDs by $5,000, how much will be       Log On


   

Question 984710: A total of $87,000 is to be invested, some in bonds and some in certificates of deposit (CDs). If the amount invested in bonds is to exceed that in CDs by $5,000, how much will be invested in each type of investment?
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


Let represent the amount invested in CDs. Then represents the amount invested in bonds. The sum is 87,000, so:



Solve for then calculate

John

My calculator said it, I believe it, that settles it