document.write( "Question 685830: You invested a total of $11,200 in shares of the three stocks at the given prices, and expected to earn $304 in annual dividends. If you purchased a total of 250 shares, how many shares of each stock did you purchase?
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document.write( " Price / Dividend Yield
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document.write( "GE(general electric) $16 7%
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document.write( "WMT(Walmart) $56 2%
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document.write( "XOM(Exxon Mobile) $80 2% \n" );
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Algebra.Com's Answer #728444 by amalm06(224)![]() ![]() You can put this solution on YOUR website! Number of Shares: x+y+z=250\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Cost of Shares: 16x+5y+80z=11200\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Dividends: 0.07x+0.02y+0.02z=304\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Use Gaussian elimination to solve for x,y, and z. \n" ); document.write( " |