A college scholarship fund received a gift of $ 225,000. The money is invested in stocks, bonds, and CDs. CDs pay 4.75% interest, bonds pay 4.7% interest, and stocks pay 11.7% simple interest. To better secure the total investment ACM invests 2 times more in CDs than the sum of the stocks and bonds investments If the annual income from the investments is $12,400 , how much was invested in each vehicle? $ in stocks $ in bonds $ in CDs

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.3: Solve Mixture Applications
Problem 3.65TI: Remy has $14,000 to invest in two mutual funds. One fund pays interest at 4% per year and the other...
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A college scholarship fund received a gift of $ 225,000.
The money is invested in stocks, bonds, and CDs.
CDs pay 4.75% interest, bonds pay 4.7% interest, and stocks pay 11.7% simple interest.
To better secure the total investment ACM invests 2 times more in CDs than the sum of the stocks and bonds investments If the annual income from the investments is $12,400 , how much was invested in each vehicle?
$ in stocks
$ in bonds
$ in CDs

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