Question

a total of 97,000 is to be invested, some in bonds and some in certificates of deposit . if the amount invested in bonds is to exceed that in cds by 9,000 how much will be invested into each type of investments

Answer 1

The amount invested as certificates of deposit is $ 44,000 and The amount invested as bonds is $ 53,000.

How to find the  amount invested ?

The total amount to be invested as bonds and certificates of deposit (CD) is $97,000

Let the amount invested as bonds = $ x + $9,000

And The amount invested as CD = $ x

The amount invested as CD + The amount invested as bonds = $ x  + $ x + $9,000

Or, $ x  + $ x + $9,000= $97,000

Or, $ 2x = $97,000 - $9,000

So,  $ 2x = $88,000

∴  x =  = $ 44,000

And $ x + $9,000 = $ 44,000 + $9,000 = $ 53,000

Hence The amount invested as certificates of deposit is $ 44,000 and The amount invested as bonds is $ 53,000.

Learn more about the concept;

https://brainly.com/question/13860458

#SPJ1