Green River Community College's scholarship fund receives a gift of $ 105000. The money is invested in stocks, bonds, and CDs. CDs pay 5 % interest, bonds pay 2.7 % interest, and stocks pay 8.1 % interest. GRCC invests $ 35000 more in bonds than in CDs. If the annual income from the investments is $ 5340, how much was invested in each vehicle? GRCC invested $ GRCC invested $ GRCC invested $ in stocks. in bonds. in CDs.

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ISBN:9780470458365
Author:Erwin Kreyszig
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Green River Community College's scholarship fund receives a gift of $ 105000. The money is invested in
stocks, bonds, and CDs. CDs pay 5 % interest, bonds pay 2.7 % interest, and stocks pay 8.1 % interest. GRCC
invests $ 35000 more in bonds than in CDs. If the annual income from the investments is $ 5340, how much
was invested in each vehicle?
GRCC invested $
GRCC invested $
GRCC invested $
in stocks.
in bonds.
in CDs.
Transcribed Image Text:Green River Community College's scholarship fund receives a gift of $ 105000. The money is invested in stocks, bonds, and CDs. CDs pay 5 % interest, bonds pay 2.7 % interest, and stocks pay 8.1 % interest. GRCC invests $ 35000 more in bonds than in CDs. If the annual income from the investments is $ 5340, how much was invested in each vehicle? GRCC invested $ GRCC invested $ GRCC invested $ in stocks. in bonds. in CDs.
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