University of The Rockies College Algebra Question

Question Description

I need help with a Algebra question. All explanations and answers will be used to help me learn.

L. Section3.2

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?

Please explain each step it took to get the answer.