SOLUTION: Irs.
In an Individual Retirement Account (IRA) valued at $49,050, a couple has twice as many shares of stock in Big Bank Corporation as in Safe Savings and Loan. If Big Bank sell
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Question 1045947: Irs.
In an Individual Retirement Account (IRA) valued at $49,050, a couple has twice as many shares of stock in Big Bank Corporation as in Safe Savings and Loan. If Big Bank sells for $115 per share and Safe Savings sells for $97 per share, how many shares of each does the couple own?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
Let x represent shares of Safe Savings and Loan
2x = shares of Big Bank
97x + 115(2x) = 49050 (In dollars)
x = 49050/427 = 150, shares of Safe Savings and Loan. Big Bank 300
CHECK
97(150) + 115(300) ? Does it = 49050
Recommend Always checking Your Work
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