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A total of $98,000 is to be​ invested, some in bonds and some in certificates of deposit​ (CDs). If the amount invested in bonds is to exceed that in CDs by $2,000, how much will be invested in each type
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A total of $98,000 is to be​ invested, some in bonds and some in certificates of deposit​ (CDs). If the amount invested in bonds is to exceed that in CDs by $2,000, how much will be invested in each type of​ investment?

User Anna Koskinen
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1 Answer

4 votes
B= 2000 + CD
98000 = B + CD
substitute b in
98000 = 2000 + CD + CD
add variables
98000 = 2000 + 2CD
subtract 2000 from each side
96000 = 2CD
divide each side by 2
48000 = CD
User Fernando Rincon
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9.0k points
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