Edmonds Community College's (EDCC) scholarship fund received a gift of $ 160,000. The money is invested in stocks, bonds, and CDs. CDs pay 4.25% interest, bonds pay 2% interest, and stocks pay 9.5% simple interest. EDCC invests $ 10,000 more in bonds than in CDs. If the annual income from the investments is $9,350 , how much was invested in each vehicle? solve by the method of your choice either using reduced row echelon form or the matrix equation EDCC invested $ _______ in stocks $ _______ in bonds $ _______ in CDs

Q: John invests a total of $20,000, part at 10% and part at 12%. His total for one year is $2160. How…

A: Let the amount John invests at 10% = xLet the amount John invests at 12%=yFormulating equations:

Q: You are buying a car. Would you prefer a higher rate for a lower term or a lower rate for a longel…

A: Given that You are buying a car. Would you prefer a higher rate for a lower term or a lower rate for…

Q: Nina invests $1,750 into two savings accounts. One account earns 3.5% annual interest and the other…

A: I am going to solve the given problem by using some simple algebra to get the required result.

Q: A bank loaned out $23,500, part of it at the rate of 4% annual interest, and the rest at 13% annual…

A: In the given question we have to find the part of the amount $23500 s.t interest on the first part…

Q: One safe investment pays 10% per year, and a more risky investment pays 18% per year. A woman who…

A:

Q: A person inherited $30,000 and invested the money in two accounts that earned 8.5% and 10% simple…

A:

Q: earned

A:

Q: On a beautiful afternoon, Ashley rode her bicycle to a farm that sold baskets of oranges for $5.12…

A:

Q: Nina receive an inheritance of $12500 from her grandmother. She invested part of it at 5% interest,…

A: Nina receive an inheritance of $12500 from her grandmother. She invested part of it at 5% interest,…

Q: Eun-Kyung works as a tutor and earns $60 per hour. She has $792 in savings. She is planning an…

A:

Q: Both ashley and Bill want to buy a $400 giant teddy bear. Ashley currently has $80 a 15% off coupon…

A: Given Data:  Cost of teddy bear=$400   Let 'x' be the number of days it takes Ashley to buy the toy…

Q: Hosea is given $100. Each day, he gains 1% on the total dollar amount he has, then he loses 1% of…

A:

Q: emily kailyn received an inheritance of $208,000.00 from her grandfather and invested part at 10%…

A: Follow below steps to obtain the answer: -As we know that formula for calculating simple interest is…

Q: 7. −ydx + (x + √xy)dy = 0

A:

Q: Caitlin invested money in two mutual funds – a stock fund and a balanced fund. She invested twice as…

A:

Q: Mason works at a part-time job earning $1010 every two weeks. Mason’s expenses are $750 a month for…

A: