SOLUTION: Sandra invested $8,000 in two mutual funds. At the end of the year, the percent return on one fund (x) was 8% and the percent return on the other fund (y) was 3%. The combined retu

SOLUTION: Sandra invested $8,000 in two mutual funds. At the end of the year, the percent return on one fund (x) was 8% and the percent return on the other fund (y) was 3%. The combined retu

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Question 798195: Sandra invested $8,000 in two mutual funds. At the end of the year, the percent return on one fund (x) was 8% and the percent return 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?
Answer by mananth(16946) (Show Source): You can put this solution on YOUR website!
x+y=8000
0.08x+0.03y=345
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