document.write( "Question 132131: An investor buys 3 types of stock (A,B, and C) for a total price of $2750. Stock A costs $3.00 per share and both stocks B and C cost $2.50 per share. The investor buys a combined 600 shares of A and B. A combined 900 shares of A and C are bought. How many shares of each stock were bought? \n" ); document.write( "
Algebra.Com's Answer #96528 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! An investor buys 3 types of stock (A,B, and C) for a total price of $2750. Stock A costs $3.00 per share and both stocks B and C cost $2.50 per share. \n" ); document.write( "The investor buys a combined 600 shares of A and B. \n" ); document.write( "A combined 900 shares of A and C are bought. \n" ); document.write( "How many shares of each stock were bought? \n" ); document.write( "-------------------------- \n" ); document.write( "Value equation: \n" ); document.write( "3a + 2.5b + 2.5c = 2750 \n" ); document.write( "a + b + 0 = 600 \n" ); document.write( "a + 0 c = 900 \n" ); document.write( "------------------------------- \n" ); document.write( "Using The TI-83 Matrix function I get: \n" ); document.write( "a = 500 (# of A stocks sold) \n" ); document.write( "b = 100 (# of B stocks sold) \n" ); document.write( "c = 400 (# of C stocks sold) \n" ); document.write( "================================ \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |