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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.

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.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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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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