If the annual amount of money earned in interest from all of the investments combined is $4,350, how much was invested in each? EDCC invested how much $ in stocks $ in bonds $ in CDs
If the annual amount of money earned in interest from all of the investments combined is $4,350, how much was invested in each? EDCC invested how much $ in stocks $ in bonds $ in CDs
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter5: Factoring Polynomials
Section: Chapter Questions
Problem 10MPS
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Edmonds Community College's (EDCC) scholarship fund received a gift of $ 95,000.
The money is invested in stocks, bonds, and CDs.
CDs pay 3% annual simple interest, bonds pay 4% annual simple interest, and stocks pay 6.5% annual simple interest.
EDCC invests $ 25,000 more in bonds than in CDs.
If the annual amount of money earned in interest from all of the investments combined is $4,350, how much was invested in each?
EDCC invested how much
$ in stocks
$ in bonds
$ in CDs
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