You are investing money into two funds

Question

You invested money in two funds last year the first fun paid a dividend of 9% in the second a dividend of 3% and you received a total of 858 this year the first fun take a 10% deposit and the second only 1% and you receive a total of 825 how much money did you invest in each fund

Answer 1

.09x + .03y = 858

.1x +.01y = 825

.3x +.03y = 3(825) = 2475

.09x+.03y = 858

.21x = 2475-858=

x = 1617/.21=$7700 invested in first fund

.01y = 825-770 = 55

y =55/.01= $5500 invested in 2nd fund

.1(7700)+.01(5500)

=770+55

= 825

.09(7700)+.03(5500)

= 693 + 165

= 858