SOLUTION: A personn invested 10,000. The greater part is invested at 6% and the remainder at 5%. The annual income from the greater part is $160 more than the annual income form the smalle

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Question 145109: A personn invested 10,000. The greater part is invested at 6% and the remainder at 5%. The annual income from the greater part is $160 more than the annual income form the smaller part. what is the smaller part of the the investment?
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
.06X=.05(10,000-X)+160
.06X=500-.05X+160
.06X+.05X=660
.11X=660
X=660/.11
X=$6,000 INVESTED @ 6%.
10,000-6,000=4,000 INVESTED @ 5%.
PROOF
.06*6,000=.05*4,000+160
360=200+160
360=360