Maricopa's Success scholarship fund receives a gift of $140000.

Question

Maricopa's Success scholarship fund receives a gift of $140000. The money is invested in stocks, bonds, and CDs. CDs pay 4.5 % interest, bonds pay 5.5 % interest, and stocks pay 10 % interest. Maricopa Success invests $30000 more in bonds than in CDs. If the annual income from the investments is $11150, how much was invested in each account?

Maricopa Success invested $  in stocks.

Maricopa Success invested $​  in bonds.

Maricopa Success invested $  in CDs.

Answer 1

x represents the amount in CD's

x + 30000 represents the amount in bonds

140000 - 2x - 30000 represents the amount in stocks

0.045x + 0.055(x + 30000) + 0.10(140000 - 2x - 30000) = 11150.

Can you solve for x and answer?