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kvv77 [185]
3 years ago
7

you invested money in two funds. last year, the first fund paid a dividend of 9% and the second a dividend of 3%, and you receiv

e a total of $921. This year, the first fund paid a 10% dividend and the second only 1%, and you received a total of $846. How much money did you invest in each fund?​
Mathematics
1 answer:
Elenna [48]3 years ago
8 0

Answer:

x= $ 7100 investment in first fund

10x+y=84600 substitute the value of x

10*7100+y=84600

y=84600-71000

y= $ 13600 investment in second fund.

Step-by-step explanation:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

1. Solve the equation

\begin{array}{rcl}\dfrac{2}{3}(x - 7) & = & -2\\\\2(x - 7) & = & -6\\x - 7 & = & -3\\x & = & \mathbf{4}\\\end{array}

2. Check

\begin{array}{rcl}\dfrac{2}{3}(4 - 7) & = & -2\\\\\dfrac{2}{3}(-3) & = & -2\\\\-2 & = & -2\\\end{array}

OK

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