SOLUTION: Irs. In an Individual Retirement Account (IRA) valued at $49,050, a couple has twice as many shares of stock in Big Bank Corporation as in Safe Savings and Loan. If Big Bank sell

Algebra ->  Customizable Word Problem Solvers  -> Misc -> SOLUTION: Irs. In an Individual Retirement Account (IRA) valued at $49,050, a couple has twice as many shares of stock in Big Bank Corporation as in Safe Savings and Loan. If Big Bank sell      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 1045947: Irs.
In an Individual Retirement Account (IRA) valued at $49,050, a couple has twice as many shares of stock in Big Bank Corporation as 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?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
Let x represent shares of Safe Savings and Loan
2x = shares of Big Bank
97x + 115(2x) = 49050 (In dollars)
x = 49050/427 = 150, shares of Safe Savings and Loan. Big Bank 300 2x
CHECK
97(150) + 115(300) ? Does it = 49050
Recommend Always checking Your Work