Maricopa's Success scholarship fund receives a gift of $ 160000. The money is invested in stocks, bonds, and CDs. CDs pay 2.25 % interest, bonds pay 4.3 % interest, and stocks pay 8.1 % interest. Maricopa Success invests $ 10000 more in bonds than in CDs. If the annual income from the investments is $ 7272.5, how much was invested in each account? Maricopa Success invested $ Maricopa Success invested $ Maricopa Success invested $ in stocks. in bonds. in CDs.
Maricopa's Success scholarship fund receives a gift of $ 160000. The money is invested in stocks, bonds, and CDs. CDs pay 2.25 % interest, bonds pay 4.3 % interest, and stocks pay 8.1 % interest. Maricopa Success invests $ 10000 more in bonds than in CDs. If the annual income from the investments is $ 7272.5, 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
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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