SOLUTION: Jane has $16,000 invested in HP and Intel stock. The HP stock currently sells for $30 a share and the Intel stock for $70 a share. If Intel stock triples in value and HP stock go

Question 424866: Jane has $16,000 invested in HP and Intel stock. The HP stock
currently sells for $30 a share and the Intel stock for $70 a share. If Intel
stock triples in value and HP stock goes up 50%, her stock will be worth
$34,500. How many shares of each stock does she own? (show step by step)
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = shares of HP she holds
Let = shares of Intel she holds
given:
(1)
(2)
----------------------------
(2)
(2)
Multiply both sides of (2) by
and subtract (1) from (2)
(2)
(1)

and
(2)
(2)
(2)

300 shares of HP
100 shares of Intel
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