Green River Community College's scholarship fund receives a gift of $ 150000. The money is invested in stocks, bonds, and CDs. CDs pay 4% interest, bonds pay 2.2 % interest, and stocks pay 9.7 % interest. GRCC invests $ 25000 more in bonds than in CDs. If the annual income from the investments is $ 6075, how much was invested in each vehicle? GRCC invested $ in stocks. GRCC invested $ in bonds. GRCC invested $ in CDs.
Green River Community College's scholarship fund receives a gift of $ 150000. The money is invested in stocks, bonds, and CDs. CDs pay 4% interest, bonds pay 2.2 % interest, and stocks pay 9.7 % interest. GRCC invests $ 25000 more in bonds than in CDs. If the annual income from the investments is $ 6075, how much was invested in each vehicle? GRCC invested $ in stocks. GRCC invested $ in bonds. GRCC invested $ in CDs.
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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Transcribed Image Text:Green River Community College's scholarship fund receives a gift of $ 150000. The money is invested in
stocks, bonds, and CDs. CDs pay 4% interest, bonds pay 2.2 % interest, and stocks pay 9.7 % interest. GRCC
invests $ 25000 more in bonds than in CDs. If the annual income from the investments is $ 6075, how much
was invested in each vehicle?
GRCC invested $
in stocks.
GRCC invested $
in bonds.
GRCC invested $
in CDs.
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