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.
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,...
Related questions
Question
![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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F78edda76-3f41-4d67-acc5-77e44bec15c0%2F7ac2e03f-816d-473e-9ab1-1f7f0c4969d2%2Fv7779dq_processed.jpeg&w=3840&q=75)
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.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Algebra and Trigonometry (6th Edition)](https://www.bartleby.com/isbn_cover_images/9780134463216/9780134463216_smallCoverImage.gif)
Algebra and Trigonometry (6th Edition)
Algebra
ISBN:
9780134463216
Author:
Robert F. Blitzer
Publisher:
PEARSON
![Contemporary Abstract Algebra](https://www.bartleby.com/isbn_cover_images/9781305657960/9781305657960_smallCoverImage.gif)
Contemporary Abstract Algebra
Algebra
ISBN:
9781305657960
Author:
Joseph Gallian
Publisher:
Cengage Learning
![Linear Algebra: A Modern Introduction](https://www.bartleby.com/isbn_cover_images/9781285463247/9781285463247_smallCoverImage.gif)
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
![Algebra and Trigonometry (6th Edition)](https://www.bartleby.com/isbn_cover_images/9780134463216/9780134463216_smallCoverImage.gif)
Algebra and Trigonometry (6th Edition)
Algebra
ISBN:
9780134463216
Author:
Robert F. Blitzer
Publisher:
PEARSON
![Contemporary Abstract Algebra](https://www.bartleby.com/isbn_cover_images/9781305657960/9781305657960_smallCoverImage.gif)
Contemporary Abstract Algebra
Algebra
ISBN:
9781305657960
Author:
Joseph Gallian
Publisher:
Cengage Learning
![Linear Algebra: A Modern Introduction](https://www.bartleby.com/isbn_cover_images/9781285463247/9781285463247_smallCoverImage.gif)
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
![Algebra And Trigonometry (11th Edition)](https://www.bartleby.com/isbn_cover_images/9780135163078/9780135163078_smallCoverImage.gif)
Algebra And Trigonometry (11th Edition)
Algebra
ISBN:
9780135163078
Author:
Michael Sullivan
Publisher:
PEARSON
![Introduction to Linear Algebra, Fifth Edition](https://www.bartleby.com/isbn_cover_images/9780980232776/9780980232776_smallCoverImage.gif)
Introduction to Linear Algebra, Fifth Edition
Algebra
ISBN:
9780980232776
Author:
Gilbert Strang
Publisher:
Wellesley-Cambridge Press
![College Algebra (Collegiate Math)](https://www.bartleby.com/isbn_cover_images/9780077836344/9780077836344_smallCoverImage.gif)
College Algebra (Collegiate Math)
Algebra
ISBN:
9780077836344
Author:
Julie Miller, Donna Gerken
Publisher:
McGraw-Hill Education