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

Algebra ->  Linear-equations -> 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      Log On


   



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) About Me  (Show Source):
You can put this solution on YOUR website!
x+y=8000
0.08x+0.03y=345