SOLUTION: Alejandro inherits $25,000 to invest. He decides to invest part of in an education account for his daughter and the rest in a retirement account. If he invests $2,000 more than t
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Question 1066589: Alejandro inherits $25,000 to invest. He decides to invest part of in an education account for his daughter and the rest in a retirement account. If he invests $2,000 more than three times as much in the retirement account, how much did he invest in each account?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Alejandro inherits $25,000 to invest. He decides to invest part of in an education account for his daughter and the rest in a retirement account. If he invests $2,000 more than three times as much in the retirement account, how much did he invest in each account?
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Education:: e
Retirement:: 3e+2000
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Equation:
e + 3e+2000 = 25000
4e = 23000
e = $5750
R = 25000-5750 = $19,250
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Cheers,
Stan H.
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