Question 122726
.06X+.05(30,000-X)=1,600
.06X+1500-.05X=1,600
.06X-.05X=1,600-1,500
.01X=100
X=100/.01
X=10,000 INVESTED @ 6%.
30,000-10,000=20,000 INVESTED @ 6%.
PROOF
.06*10,000+.05*20,000=1,600
600+1,000=1,600
1,600=1,600