document.write( "Question 253076: 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 received a total of $1047. This year, the fund paid a 10% dividend and the second on 1%, and you received a total of $846. How much money did you invest in each fund? \n" ); document.write( "
Algebra.Com's Answer #185272 by hokies(65)![]() ![]() You can put this solution on YOUR website! .09*x+.03*y=1047 \n" ); document.write( ".1*x+.01*y=846 (assumes the interest from 1st year was removed from the accounts)\r \n" ); document.write( "\n" ); document.write( "Solve simultaneous equations: \n" ); document.write( "x=7100 \n" ); document.write( "y=13600 \n" ); document.write( " |