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31 August, 14:57

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?

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  1. 31 August, 15:12
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    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
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