Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.
Sagot :
The amount of money invested in stocks was $50000, $90000 was invested in bonds and $75000 was invested in CDs
What is an equation?
An equation is an expression that shows the relationship between two or more numbers and variables.
An independent variable is a variable that does not depend on other variables while a dependent variable is a variable that depends on other variables.
Let x represent the amount of money invested in stocks, y represent bonds and z represent CDs, hence:
x + y + z = 215000 (1)
Also:
0.0225z + 0.02y + 0.092x = 8087.5 (2)
And:
y = 15000 + z (3)
The solution of the equation is:
x = 50000, y = 90000 and z = 75000
The amount of money invested in stocks was $50000, $90000 was invested in bonds and $75000 was invested in CDs
Find out more on equation at: https://brainly.com/question/2972832
#SPJ1
Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.