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

Question

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] · Answer 1 · 2022-11-21T10:05:46+03:00

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: