document.write( "Question 71571This question is from textbook
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document.write( ": I need help with the following question please:\r
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document.write( "In an Individual Retirement Account(IRA) 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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Algebra.Com's Answer #51303 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! an Individual Retirement Account(IRA) 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 = number of B.B. sh \n" ); document.write( ": \n" ); document.write( "The total shares are 500 shares so we can say: \n" ); document.write( "(500 - x) = number of S&L sh \n" ); document.write( ": \n" ); document.write( "B.B. value + S&L value = 53900 \n" ); document.write( "115x + 97(500 - x) = 53900 \n" ); document.write( ": \n" ); document.write( "115x + 48500 - 97x = 53900 \n" ); document.write( ": \n" ); document.write( "115x - 97x = 53900 - 48500 \n" ); document.write( "18x = 5400 \n" ); document.write( "x = 5400/18 \n" ); document.write( "x = 300 sh of B.B. \n" ); document.write( ": \n" ); document.write( "Then 500 - 300 = 200 sh of S&L \n" ); document.write( ": \n" ); document.write( ": \n" ); document.write( "Check: \n" ); document.write( "115(300) + 97(200) = \n" ); document.write( "34500 + 19400 = 53900 \n" ); document.write( " \n" ); document.write( " |