Maricopa's Success scholarship fund receives a gift of $ 150000. The money is invested in stocks, bonds, and CDs. CDs pay 2 % interest, bonds pay 3.8 % interest, and stocks pay 6.1 % interest. Maricopa Success invests $ 20000 more in bonds than in CDs. If the annual income from the investments is $ 5810 , how much was invested in each account? Maricopa Success invested $ in stocks. Maricopa Success invested $ in bonds. Maricopa Success invested $ in CDs. Question Help: Video M Message instructor

Maricopa's Success scholarship fund receives a gift of $ 150000. The money is invested in stocks, bonds, and CDs. CDs pay 2 % interest, bonds pay 3.8 % interest, and stocks pay 6.1 % interest. Maricopa Success invests $ 20000 more in bonds than in CDs. If the annual income from the investments is $ 5810 , how much was invested in each account? Maricopa Success invested $ in stocks. Maricopa Success invested $ in bonds. Maricopa Success invested $ in CDs. Question Help: Video M Message instructor

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

See similar textbooks

Related questions

Q: The Chess Club had an activity fund balance of $321 to begin the school year. Club members spent…

A: The objective of the question is to find out the remaining balance in the Chess Club's activity fund…

Q: Percy owes the government $3,500 in taxes this year. He earns a tax credit for childcare for $1,250,…

A: The objective of this question is to determine the amount Percy will owe the government for taxes…

Q: Tuition for a resident at a particular college campus was $4935 in 2001. The tuition increased by…

A: Assumption: Tuition fee given is for academic session 2001-2002 Increase in tuition = 77.3% of…

Q: Joshua borrows $300 from his older sister to buy a bike . he promises to pay the total amount plus…

A: Given that Joshua borrows $300 from his older sister to buy a bike . he promises to pay the total…

Q: Darla owes the government $1,800 in taxes this year. She earns a tax credit for childcare for…

A: The objective of the question is to find out how much Darla will owe the government for taxes this…

Q: Maude and Matilda each have a bank CD. Maude's is $1000 larger than Matilda's, but Maude's interest…

A: Let x be the amount in Maude's CD and y be the amount in Matilda's CD 'a' be the Maude's interest…

Q: A music store buys instruments and then sells them for 30% more than they paid. During a 20% off…

Q: Maricopa's Success scholarship fund receives a gift of $ 155000. The money is invested in stocks,…

Q: Marcus

Q: Jean got $60,000 as salary during her first year in a job. Each year thereafter, she got a 10%…

A: Use the formula to calculate the amount when the interest is compounded annually. A=P1+r100t (1)…

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

Q: A college radio station sponsors a contest once a week. One resident from a dormitory calls in and…

Q: The weekly payroll of Abkar Hardware includes 19 employees who earn $220 each. How much is the…

A: We know: Social Security Tax is 6.2% of gross wages, up to $106,800. Medicare Tax is 1.45% of all…

Q: A country taxes the first $30,000 of an individual's income at a rate of 20%, and all income over…

A: Given problem:- A country taxes the first $30,000 of an individual's income at a rate of 20%, and…

Q: Maricopa's Success scholarship fund receives a gift of $ 170000. The money is invested in stocks,…

A: Maricopa's Success scholarship fund receives a gift of $ 170000. The money is invested in stocks,…

Question

Maricopa's Success scholarship fund receives a gift of $ 150000. The
money is invested in stocks, bonds, and CDs. CDs pay 2 % interest, bonds
pay 3.8 % interest, and stocks pay 6.1 % interest. Maricopa Success
invests $ 20000 more in bonds than in CDs. If the annual income from the
investments is $ 5810 , how much was invested in each account?
Maricopa Success invested $
in stocks.
Maricopa Success invested $
in bonds.
Maricopa Success invested $
in CDs.
Question Help: DVideo Message instructor
Submit Question
DE

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps with 3 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

Spencer is a plumber, and his coworker Nolan is an electrician. Spencer charges customers a fee of $46 just to come to their houses and then $3 per minute that he is there. Nolan also charges a fee of $104 for a home visit, plus an additional $1 per minute. Last week the coworkers went to a job site together, spent the same amount of time working, and earned the same amount. How much did each one earn? How much time did each one spend working? Spencer and Nolan each earned _ by working for _ minutes.Thank you!!
The manager of an apartment complex is also a tenant. He pays only three-fourths of the monthly rent that each of the remaining 6 tenants pays. Each month, a total of $5,940 in rent is paid by the 7 occupants. How much rent does the manager pay? $
Maricopa's Success scholarship fund receives a gift of $ 205000. The money is invested in stocks, bonds, and CDs. CDs pay 6 % interest, bonds pay 3.3 % interest, and stocks pay 9.7 % interest. Maricopa Success invests $ 10000 more in bonds than in CDs. If the annual income from the investments is $ 11165 , how much was invested in each account? Maricopa Success invested ??? in stocks.Maricopa Success invested ????? in bonds. Maricopa Success invested ?????? in CDs.
Delaney and Ellie set up a table one summer day to sell chocolate chip cookies and sugar cookies.They sell each chocolate chip cookie for 50 cents and each sugar cookie for 40 cents. At the end of theday, they have sold 82 cookies and earned $38.20. How many chocolate chip cookies did they sell?
Tuition for a resident at a particular college campus was $4644 in 2001. The tuition increased by 82.6% during the period from 2001 to 2009. Find the increase and the tuition for the 2009-2010 school year. The increase in tuition was (Round to the nearest dollar as needed.) The tuition for the 2009-2010 school year was (Round to the nearest dollar as needed.)
A man wants to set up a 529 college savings account for his granddaughter. How much would he need to deposit each year into the account in order to have $80,000 saved up for when she goes to college in 17 years, assuming the account earns a 8% return.Annual deposit: $
Mr. Smith's fortune is to be divided among his children. His last will and testament states that Amy should get 40% and Cory should get 25%. The remaining money will be donated to his charities. If the charities receive $2,800,000, how much does Amy recelve?