Problem solving and business applications

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 received a total of $879. This year, the first fund paid a 10% dividend, and the second only 1%, and you received a total of $853. How much money did you invest in each fund?

Answer 1

Solve this system of equations:

.09x +.03y = 879

.10x + .01y = 853