Maricopa's Success scholarship fund receives a gift of $ 85000. The money is invested in stocks, bonds, and CDs. CDs pay 5.75 % interest, bonds pay 4.8 % interest, and stocks pay 9.1 % interest. Maricopa Success invests $25000 more in bonds than in CDs. If the annual income from the investments is $ 5512.5, how much was invested in each account? Maricopa Success invested $ Maricopa Success invested $ Maricopa Success invested $ in stocks. in bonds. in CDs.

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
icon
Related questions
Question
Maricopa's Success scholarship fund receives a gift of $ 85000. The money is invested in stocks, bonds, and
CDs. CDs pay 5.75 % interest, bonds pay 4.8 % interest, and stocks pay 9.1 % interest. Maricopa Success
invests $ 25000 more in bonds than in CDs. If the annual income from the investments is $ 5512.5, 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 $ 85000. The money is invested in stocks, bonds, and CDs. CDs pay 5.75 % interest, bonds pay 4.8 % interest, and stocks pay 9.1 % interest. Maricopa Success invests $ 25000 more in bonds than in CDs. If the annual income from the investments is $ 5512.5, how much was invested in each account? Maricopa Success invested $ Maricopa Success invested $ Maricopa Success invested $ in stocks. in bonds. in CDs.
Expert Solution
steps

Step by step

Solved in 4 steps with 4 images

Blurred answer
Similar questions
Recommended textbooks for you
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781285741550
Author:
James Stewart
Publisher:
Cengage Learning
Thomas' Calculus (14th Edition)
Thomas' Calculus (14th Edition)
Calculus
ISBN:
9780134438986
Author:
Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:
PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:
9780134763644
Author:
William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:
PEARSON
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781319050740
Author:
Jon Rogawski, Colin Adams, Robert Franzosa
Publisher:
W. H. Freeman
Precalculus
Precalculus
Calculus
ISBN:
9780135189405
Author:
Michael Sullivan
Publisher:
PEARSON
Calculus: Early Transcendental Functions
Calculus: Early Transcendental Functions
Calculus
ISBN:
9781337552516
Author:
Ron Larson, Bruce H. Edwards
Publisher:
Cengage Learning