document.write( "Question 1048561: A person has $36,000 invested in Stock A and Stock B. Stock A currently sells for $30 a share and stock B sells for $60 a share. If stock B doubles in value and stock A goes up to 50%, his stock will be worth $69,000. How many shares of each stock does he own? \n" ); document.write( "
Algebra.Com's Answer #664161 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! 30A+60B=36000 \n" ); document.write( "45A+120B=69000 \n" ); document.write( "multiply first by -2 \n" ); document.write( "-60A-120B=-72000 \n" ); document.write( "45A+120B=69000 \n" ); document.write( "-15A=-3000 \n" ); document.write( "A=200 shares or $6000 of current amount \n" ); document.write( "60B is worth $30,000, so there are 500 shares of B \n" ); document.write( "A=200 \n" ); document.write( "B=500 \n" ); document.write( "------------------------------ \n" ); document.write( "Check \n" ); document.write( "If A is $45, then there is $9,000 \n" ); document.write( "if B is $120, then there is $60,000 \n" ); document.write( "They add to $69,000 \n" ); document.write( " |