document.write( "Question 174523: 2. Suppose Bob owns 2,000 shares of Company X and 10,000 shares of Company Y. The total value of Bob's holdings of these two companies is $340,000.\r
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document.write( "Suppose Frank owns 8,000 shares of Company X and 6,000 shares of Company Y. The total value of Franks holdings of these two companies is $340,000.\r
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document.write( "a. Write equations for Bob and Frank's holdings. Use the variables X and Y to represent the values of shares of Company X and Company Y.\r
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document.write( "b. Solve for the value of a share of Company X and Company Y.
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Algebra.Com's Answer #129524 by Mathtut(3670)![]() ![]() ![]() You can put this solution on YOUR website! let the price per share of company X and company Y be X and Y respetively \n" ); document.write( ": \n" ); document.write( "A. Bob's shares:2000X+10000Y=340000....eq 1 \n" ); document.write( " Frank's shares:8000X+6000Y=340000...eq 2 \n" ); document.write( ": \n" ); document.write( "B lets rewrite eq 1 to 2000X=340000-10000Y \n" ); document.write( ": \n" ); document.write( "now divide by 2000 on each side \n" ); document.write( ": \n" ); document.write( "X=170-5Y \n" ); document.write( ": \n" ); document.write( "substitute X's value into eq 2 \n" ); document.write( ": \n" ); document.write( "8000(170-5Y)+6000Y=340000 \n" ); document.write( ": \n" ); document.write( "1360000-40000Y+6000Y=340000 \n" ); document.write( ": \n" ); document.write( "-34000Y=-1020000 \n" ); document.write( ": \n" ); document.write( " \n" ); document.write( ": \n" ); document.write( " \n" ); document.write( ": \n" ); document.write( " \n" ); document.write( " |