Country Day's scholarship fund receives a gift of $ 195000. The money is invested in...
80.2K
Verified Solution
Link Copied!
Question
Basic Math
Country Day's scholarship fund receives a gift of $ 195000. The money is invested in stocks, bonds, and CDs. CDs pay 4.5 % interest, bonds pay 3.5 % interest, and stocks pay 8.3 % interest. Country day invests $10000 more in bonds than in CDs. If the annual income from the investments is $ 10975, how much was invested in each vehicle?Country Day invested $ in stocks.Country Day invested S in bonds.Country Day invested S in CDs.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!