
Mark M. answered 11/30/19
Mathematics Teacher - NCLB Highly Qualified
x represents the amount for bonds
x represents the amount of CD
62000 - 2x represents amour of mortgage
0.09x + 0.08x - 01(62000 - 2x) = 5710
Can you solve for x and answer?
A $62,000 trust is to be invested in bonds paying 9%, CDs paying 8%, and mortgages paying 10%. The bond and CD investment together must equal the mortgage investment. To earn a $5710 annual income from the investments, how much should the bank invest in bonds?
Mark M. answered 11/30/19
Mathematics Teacher - NCLB Highly Qualified
x represents the amount for bonds
x represents the amount of CD
62000 - 2x represents amour of mortgage
0.09x + 0.08x - 01(62000 - 2x) = 5710
Can you solve for x and answer?
Sam Z. answered 11/29/19
Math/Science Tutor
.09x+.08y+.1z=5710
x+y+z=62000
Need trial and error.
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