document.write( "Question 410072: In an individual retirement account valued at $53,900, a couple has 500 shares of stock, some in Big Bank Corporation and some 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?
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document.write( "(I was thinking 115x+97x=500 , but it did not workout) \n" );
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Algebra.Com's Answer #288458 by nerdybill(7384)![]() ![]() You can put this solution on YOUR website! In an individual retirement account valued at $53,900, a couple has 500 shares of stock, some in Big Bank Corporation and some 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? \n" ); document.write( ". \n" ); document.write( "Let x = shares of Big Bank \n" ); document.write( "then \n" ); document.write( "500-x = shares of Safe Savings \n" ); document.write( ". \n" ); document.write( "115x + 97(500-x) = 53900 \n" ); document.write( "115x + 48500 - 97x = 53900 \n" ); document.write( "115x - 97x = 5400 \n" ); document.write( "18x = 5400 \n" ); document.write( "x = 300 shares (Big Bank) \n" ); document.write( ". \n" ); document.write( "Safe Savings: \n" ); document.write( "500-x = 500-300 = 200 shares \n" ); document.write( " |