You invested money in two funds. Last year, the first fundpaid a dividend of 8% and the second a dividend of 5%,and you received a total of $1330. This year, the first fundpaid a 12% dividend and the second only 2%, and youreceived a total of $1500. How much money did you investin each fund?

The dividend is provided on the amount yearly and it is some percent of the fund invested. Total…

Answered: You invested money in two funds. Last…

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter4: Systems Of Linear Equations

Section4.4: Solve Systems Of Equations With Three Variables

Problem 4.72TI: The community college soccer team sold three kinds of tickets to its latest game. The adult tickets...

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Geraldine has been offered positions by two insurance companies. The first company pays a salary of $12,000 plus a commission of $100 for each policy sold. The second pays a salary of $20,000 plus a commission of $50 for each policy sold. How many policies would need to be sold to make the total pay the same?
Kenneth currently sells suits for company A at a salary of $22,000 plus a $10 commission for each suit sold. Company B offers him a position with a salary of $28,000 plus a $4 commission for each suit sold. How many suits would Kenneth need to sell for the options to be equal?
The community college fine arts department sold three kinds of tickets to its latest dance presentation. The adult tickets sold for $20, the student tickets for $12 and the child tickets for $10.The fine arts department was thrilled to have sold 350 tickets and brought in $4,650 in one night. The number of child tickets sold is the same as the number of adult tickets sold. How many of each type did the department sell?
The community college soccer team sold three kinds of tickets to its latest game. The adult tickets sold for $10, the student tickets for $8 and the child tickets for $5. The soccer team was thrilled to have sold 600 tickets and brought in $4,900 for one game. The number of adult tickets is twice the number of child tickets. How many of each type did the soccer team sell?
During her shift at the museum ticket booth, Leah sold 115 tickets for a total of $1,163. Adult tickets cost $12 and student tickets cost $5. How many adult tickets and how many student tickets did Leah sell?

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You invested money in two funds. Last year, the first fund paid a dividend of 8% and the second a dividend of 5%, and you received a total of $1330. This year, the first fund paid a 12% dividend and the second only 2%, and you received a total of $1500. How much money did you invest in each fund?