Problema Solution
Peter invested $450 in insurance and stocks. He put $50 more in insurance than stocks. How much did he invest in each?
Answer provided by our tutors
Let
x = the money invested in insurance
t = the money invested in stocks
x + y = 450
x = y + 50
........
click here to see the system of equations solved for x and y
........
x = $250
y = $200
Peter invested $250 in insurance and $200 in stocks.