SOLUTION: mr paxton invested 2000 more than his wife. the income from both investments at 6% ws 250 a year. how much did he invest

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: mr paxton invested 2000 more than his wife. the income from both investments at 6% ws 250 a year. how much did he invest      Log On


   



Question 808893: mr paxton invested 2000 more than his wife. the income from both investments at 6% ws 250 a year. how much did he invest
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
250=(2x+2000)(0.06)
250/0.06=2x+2000
4166.67=2x+2000
4166.67-2000=2x
2166.67=2x
2166.67/2=x
x=1083.33