Maricopa's Success scholarship fund receives a gift of $ 175000. The money is invested in stocks, bonds, and CDs. CDs pay 2.25 % interest, bonds pay 3.8 % interest, and stocks pay 9.3 % interest. Maricopa Success invests $ 40000 more in bonds than in CDs. If the annual income from the investments is $ 10310 , how much was invested in each account?

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04-11-2022
Mathematics

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Maricopa's Success scholarship fund receives a gift of $ 175000. The money is invested in stocks, bonds, and CDs. CDs pay 2.25 % interest, bonds pay 3.8 % interest, and stocks pay 9.3 % interest. Maricopa Success invests $ 40000 more in bonds than in CDs. If the annual income from the investments is $ 10310 , how much was invested in each account?

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