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SLC'sstudent emergency fundreceived a gift of $ 130,000. The money is invested in stocks, bonds, and GICs. GICspay 3.25 % interest, bonds pay 2.1 %
SLC'sstudent emergency fundreceived a gift of $ 130,000. The money is invested in stocks, bonds, and GICs. GICspay 3.25 % interest, bonds pay 2.1 % interest, and stocks pay 6.3 % interest. SLCinvests $ 55000 more in bonds than in GICs. If the annual income from the investments is $ 4792.5 , how much was invested in GICs?
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