Question:

Country Day's scholarship fund receives a gift of $ 195000.

Last updated: 7/22/2022

Country Day's scholarship fund receives a gift of $ 195000.

Country Day's scholarship fund receives a gift of $ 195000. The money is invested in stocks, bonds, and CDs. CDs pay 4.5 % interest, bonds pay 3.5 % interest, and stocks pay 8.3 % interest. Country day invests $10000 more in bonds than in CDs. If the annual income from the investments is $ 10975, how much was invested in each vehicle? Country Day invested $ in stocks. Country Day invested S in bonds. Country Day invested S in CDs.