Question

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 receive 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?​

Answer 1

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.

Explanation: