Question 98725
.03*x+.02(60000-x)=1600
.03x+1200-.02x=1600
.01x=1600-1200
.01x=400
x=400/.01
x=40000 amount invested @ 3%.
60000-40000=20000 invested @ 2%.
proof
.03*40000+.02*20000=1600
1200+400=1600
1600=1600