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?
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
