Problema Solution
A total of $20000 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 $2000, how much will be invested in each type of investment?
Answer provided by our tutors
let the amount invested in CDs x
amount invested in bonds x+2000
total investment 20000
x+x+2000=20000
2x=18000
x=9000
CDs 9000
bonds 9000+2000=11000