SOLUTION: Matthew has two different stocks. One of the stocks is worth twice as much per share as the other. He Has 17 shares of the more valuable stock and 41 share of the other stock. His

Algebra.Com
Question 853526: Matthew has two different stocks. One of the stocks is worth twice as much per share as the other. He Has 17 shares of the more valuable stock and 41 share of the other stock. His total assets in stocks is $3600. How much is the less expensive stock worth per share
Answer by richwmiller(17219)   (Show Source): You can put this solution on YOUR website!
17*2x+41x=3600
34x+41x=3600
75x=3600
25x=1200
x=48 less expensive per share
2x=96 more expensive per share


RELATED QUESTIONS

Matthew has two different stocks. One of the stocks is worth twice as much per share as... (answered by jorel1380)
Matthew has two different stocks. One of the stocks is worth twice as much per share as... (answered by jorel555)
Matthew has two different stocks. One of the stocks is worth $4 more per share than the... (answered by MathTherapy)
matthew has two different stocks. one of the stocks is worth $4 more per share than the... (answered by stanbon)
Shanika has invested in 3 different stocks. Stock A is currently worth $4.50 per share.... (answered by mananth,josmiceli)
Shanika has invested in three different stocks. Stock A is currently worth ​$4.50... (answered by addingup,MathTherapy)
Carol Britz plans to buy shares of two stocks. One costs $32 per share and pays dividends (answered by stanbon)
As a college graduation gift, your Aunt plans to buy shares of two stocks for you. The... (answered by mananth,jorel1380)
Suppose that an investor intends to buy stock in two companies. He has narrowed... (answered by jim_thompson5910,ikleyn)