SOLUTION: Eleven members of an investment club each invested the same amount when the club began. They chose three stocks to invest in. During their first year, the earned $1213 and $1824 on

Question 246254: Eleven members of an investment club each invested the same amount when the club began. They chose three stocks to invest in. During their first year, the earned $1213 and $1824 on two stocks. They lost $527 on the third. Their portfolio is now worth $33,310. How much did each member invest?
Answer by TheProdicalSon(34) (Show Source): You can put this solution on YOUR website!
This one is a simple arthimetic question, however, you can set it up as an algebraic expression.

11n + 1213 + 1824 - 537 = 33,310

Get the variable alone on one side.

11n = 30810
n = 2800.90 (90 repeating)

OR OR OR OR OR OR

if each memeber gained/lost those amounts.(more likely I think)
11n + 27500 = 33,310
11n = 5810
n = 528.18 (18 repeating)

So whichever one it was, the problem didn't specify.

Comment on my page if this was helpful.
Sincerely,
TheProdicalSon

RELATED QUESTIONS
A private investment club has $500,000 earmarked for investment in stocks. To arrive at... (answered by Theo)

Formulate a system of equations for the situation below and solve. A private investment... (answered by Theo,MathTherapy)

Formulate a system of equations for the situation below and solve. A private investment... (answered by mananth,MathTherapy)

Formulate a system of equations for the situation below and solve. A private... (answered by richwmiller)

Formulate a system of equations for the situation below and solve. A private... (answered by greenestamps)

Formulate but do not solve the problem. The management of a private investment club... (answered by Glaviolette,MathTherapy)

#63) The cross creek investment club has $20,000 to invest. The members of the club... (answered by elima)

The members of a College staff club were asked to indicate the brand of beer they drink.... (answered by richwmiller)

The members of a College staff club were asked to indicate the brand of beer they drink.... (answered by math_tutor2020,MathTherapy)