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Question 246254: Eleven members of an investment club each invested the same amount when the club began. They chose three stocks to invest in. During their first year, the earned $1213 and $1824 on two stocks. They lost $527 on the third. Their portfolio is now worth $33,310. How much did each member invest?
Answer by TheProdicalSon(34) (Show Source):
You can put this solution on YOUR website! This one is a simple arthimetic question, however, you can set it up as an algebraic expression.
11n + 1213 + 1824 - 537 = 33,310
Get the variable alone on one side.
11n = 30810
n = 2800.90 (90 repeating)
OR OR OR OR OR OR
if each memeber gained/lost those amounts.(more likely I think)
11n + 27500 = 33,310
11n = 5810
n = 528.18 (18 repeating)
So whichever one it was, the problem didn't specify.
Comment on my page if this was helpful.
Sincerely,
TheProdicalSon
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