Sandra invested $8000 in two mutual funds. At the end of the year, the percent return on one fund, x, was 8% and the percent ret

Question

3 years ago

8

Sandra invested $8000 in two mutual funds. At the end of the year, the percent return on one fund, x, was 8% and the percent ret

urn on the other fund, y, was 3%. The combined return on both funds was $345.
Which system of equations can be used to find how much Sandra invested in each fund?

Mathematics

1 answer:

Ira Lisetskai [31] · Answer 1 · 2021-12-31T05:41:50+03:00

Ira Lisetskai [31]3 years ago

4 0

0.08x + 0.03y = 345, and to solve for each x and y, you can use the substitution method.