Maricopa's Success scholarship fund receives a gift of $195000 .

Question

Maricopa's Success scholarship fund receives a gift of $ 195000. The money is invested in stocks, bonds, and CDs. CDs pay 2 % interest, bonds pay 4.4 % interest, and stocks pay 11.9 % interest. Maricopa Success invests $ 15000 more in bonds than in CDs. If the annual income from the investments is $ 9030 , how much was invested in each account?

Maricopa Success invested $    in stocks.

Maricopa Success invested $    in bonds.

Maricopa Success invested $    in CDs.

Answer 1

c represents the amount in CD

c + 15000 represents the amount in bonds

195000 - c - (c + 15000) represents the amount in stocks

0.02c + 0.044(c + 15000) + 0.119[195000 - c - (c + 15000)] = 9030

Can you solve for c and answer?