Maricopa's Success scholarship fund receives a gift of $ 155000. The money is invested in stocks, bonds, and CDs. Stocks pay 10 % interest, bonds pay 2.6 % interest, and CDs pay 2.25 % interest. Maricopa Success invests $ 50000 more in bonds than in CDs. If the annual income from the investments is $ 7255, how much was invested in each account? Maricopa Success invested $ Maricopa Success invested $ Maricopa Success invested $ in stocks. in bonds. in CDs.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
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Maricopa's Success scholarship fund receives a gift of $ 155000. The money is invested in stocks, bonds, and
CDs. Stocks pay 10 % interest, bonds pay 2.6 % interest, and CDs pay 2.25 % interest. Maricopa Success
invests $ 50000 more in bonds than in CDs. If the annual income from the investments is $ 7255, how much
was invested in each account?
Maricopa Success invested $
Maricopa Success invested $
Maricopa Success invested $
in stocks.
in bonds.
in CDs.
Transcribed Image Text:Maricopa's Success scholarship fund receives a gift of $ 155000. The money is invested in stocks, bonds, and CDs. Stocks pay 10 % interest, bonds pay 2.6 % interest, and CDs pay 2.25 % interest. Maricopa Success invests $ 50000 more in bonds than in CDs. If the annual income from the investments is $ 7255, how much was invested in each account? Maricopa Success invested $ Maricopa Success invested $ Maricopa Success invested $ in stocks. in bonds. in CDs.
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