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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
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