Sandra invested $8000 in two mutual funds. At the end of the year, the percent return on one fund, x, was 8% and the percent return on the other fund, y, was 3%. The combined return on both funds was $345.

Which system of equations can be used to find how much Sandra invested in each fund?

Question

4 October, 07:29

+2

Answers (1)

Know the Answer?

Fields · Answer 1

0.08x + 0.03y = 345, and to solve for each x and y, you can use the substitution method.

Sandra invested $8000 in two mutual funds. At the end of the year, the percent return on one fund, x, was 8% and the percent return on the other fund, y, was 3%. The combined return on both funds was $345.Which system of equations can be used to find how much Sandra invested in each fund?