Country Day's scholarship fund receives a gift of $ 160000. The money is invested in stocks, bonds, and CDs. CDs pay 4.5 % interest, bonds pay 2.1 % interest, and stocks pay 11.9 % interest. Country day invests $ 45000 more in bonds than in CDs. If the annual income from the investments is $ 10330 , how much was invested in each vehicle? Country Day invested $ in stocks. Country Day invested $ in bonds. Country Day invested $ in CDs.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Country Day's scholarship fund receives a gift of $ 160000. The money is invested in stocks, bonds, and CDs.
CDs pay 4.5 % interest, bonds pay 2.1 % interest, and stocks pay 11.9 % interest. Country day invests S
раy
45000 more in bonds than in CDs. If the annual income from the investments is $ 10330 , how much was
invested in each vehicle?
Country Day invested $
in stocks.
Country Day invested $
in bonds.
Country Day invested $
in CDs.
Note: the video solves this question using the substitution method, but you may use your calculator.
Transcribed Image Text:Country Day's scholarship fund receives a gift of $ 160000. The money is invested in stocks, bonds, and CDs. CDs pay 4.5 % interest, bonds pay 2.1 % interest, and stocks pay 11.9 % interest. Country day invests S раy 45000 more in bonds than in CDs. If the annual income from the investments is $ 10330 , how much was invested in each vehicle? Country Day invested $ in stocks. Country Day invested $ in bonds. Country Day invested $ in CDs. Note: the video solves this question using the substitution method, but you may use your calculator.
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