Ask Question
14 May, 23:17

A total of $32,000 is to invested, some in bonds and some in certificates of deposit (CDs). If the amount invested in bonds is to exceed that in CDs by $8,000, how much will be invested in each type of investment

+4
Answers (2)
  1. 14 May, 23:30
    0
    I am going to set x=bonds and y=cds

    equation one

    x+y=32000

    equation 2

    x=y+8000

    substitute equation 2 back into equation 1

    (y+8000) + y=32000

    2y+8000=32000

    2y=24000

    y=12000 (cds)

    now you can take this y value and plug it back into either equation you want

    x=12000+8000

    x=20000 (bonds)
  2. 14 May, 23:35
    0
    I think all you do is $32,000 / $8,000 which is $4,000.

    Meaning $4,000 will be invested in each investment, I may be wrong though.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A total of $32,000 is to invested, some in bonds and some in certificates of deposit (CDs). If the amount invested in bonds is to exceed ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers