SOLUTION: Sarah Myers has $31,000 invested in stock A and stock B. Stock A currently sells for $50 a share and stock B sells for $80 a share. If stock B triples in value and stock A goes up
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Question 1093936: Sarah Myers has $31,000 invested in stock A and stock B. Stock A currently sells for $50 a share and stock B sells for $80 a share. If stock B triples in value and stock A goes up 50%, her stock will be worth $70,500. How many shares of each stock does she own? Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Let = number of shares of stock A
Let = number of shares of stock B
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(1)
(2)
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(2)
(2)
(2)
and
(1)
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Subtract (1) from (2)
(2)
(1)
-------------------------
and
(1)
(1)
(1)
(1)
(1)
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She owns 300 shares of stock A
She owns 200 shares of stock B
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check:
(2)
(2)
(2)
(2)
OK
