Question

A total of $72,000 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 $9,000, how much will be invested

in each type of investment?

Answer 1

Let amount in Cd be x dollars. So amount in bonds would be x + 9000.
Given that tots amount is 72000. That is x + x + 9000 = 72000.
So x = CD = $31500
And bonds = 31500 + 9000 = $40500