K 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 $1,047. 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? How much money was invested in the first fund?
K 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 $1,047. 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? How much money was invested in the first fund?
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.6: Solve Applications With Linear Inequalities
Problem 3.115TI: Malik is planning a 6-day summer vacation trip. He has $840 in savings, and he earns $45 per hour...
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