Maricopa's Success scholarship fund receives a gift of $ 135000. The money is invested in stocks, bonds, and CDs. CDs pay 5.5 % interest, bonds pay 3.1 % interest, and stocks pay 11.8 % interest. Maricopa Success invests $ 25000 more in bonds than in CDs. The annual income from the investments is $ 7005.
Maricopa Success invested $
in stocks.
Maricopa Success invested $
in bonds.
Maricopa Success invested $
in CDs.

Question

04-10-2022
Mathematics

Answered

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Maricopa's Success scholarship fund receives a gift of $ 135000. The money is invested in stocks, bonds, and CDs. CDs pay 5.5 % interest, bonds pay 3.1 % interest, and stocks pay 11.8 % interest. Maricopa Success invests $ 25000 more in bonds than in CDs. The annual income from the investments is $ 7005.
Maricopa Success invested $
in stocks.
Maricopa Success invested $
in bonds.
Maricopa Success invested $
in CDs.

Sagot :

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