Maricopa's Success scholarship fund receives a gift of $ 120000. The money is invested in stocks, bonds, and CDs. CDs pay 3.5 % interest, bonds pay 5.1 % interest, and stocks pay 6.8 % interest. Maricopa Success invests $ 20000 more in bonds than in CDs. If the annual income from the investments is $ 5820 , how much was invested in each account? Maricopa Success invested $ in stocks. Maricopa Success invested $ in bonds. in CDs. Maricopa Success invested $
Maricopa's Success scholarship fund receives a gift of $ 120000. The money is invested in stocks, bonds, and CDs. CDs pay 3.5 % interest, bonds pay 5.1 % interest, and stocks pay 6.8 % interest. Maricopa Success invests $ 20000 more in bonds than in CDs. If the annual income from the investments is $ 5820 , how much was invested in each account? Maricopa Success invested $ in stocks. Maricopa Success invested $ in bonds. in CDs. Maricopa Success invested $
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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