##### Marguerite inherited \$95,000 and invested part of it in her retirement account and donated the rest

 Algebra Tutor: None Selected Time limit: 1 Day

Marguerite inherited \$95,000 and invested part of it in her retirement account and donated the rest to a local soup kitchen.  The amount of the investment was \$2000 less than four times the amount of the donation.  How much did Marguerite invest in her retirement account and how much did she donate to the soup kitchen? Write an equation to solve this problem, show all work, and include units in your answer.

Oct 12th, 2015

let the amount donated be \$x

amount invested = \$4x-\$ 2000

amount donated + amount invested = total amount inherited

\$x+ \$4x-2000 = 95000

4x+x= 95000+ 2000

5x = 97000

x= 97000/5

x= \$19,400

amount donated = \$19,400

amount invested = \$19,400 * 4 - 2000

= \$ 75,600

Oct 12th, 2015

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Oct 12th, 2015
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Oct 12th, 2015
May 23rd, 2017
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