Najma S.

asked • 06/02/21

how much was invested in each vehicle

Country Day's scholarship fund receives a gift of $ 140000. The money is invested in stocks, bonds, and CDs. CDs pay 4.75 % interest, bonds pay 4.2 % interest, and stocks pay 11.7 % interest. Country day invests $ 45000 more in bonds than in CDs. If the annual income from the investments is $ 8670 , how much was invested in each vehicle? 

3 Answers By Expert Tutors

By:

Don L. answered • 06/03/21

Tutor
5 (12)

Fifteen years teaching and tutoring basic math skills and algebra

Syeda Aaliya F. answered • 06/03/21

Tutor
New to Wyzant

Holistic Mathematics Tutor

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.