SOLUTION: VALUE OF AN IRA In an Individual Retirement Account (IRA) valued at $53,900, a couple has 500 shares of stock, some in Big Bank Corporation and some in Dafe Savings and Loan. If

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Question 95284This question is from textbook Intermediate Algebra
: VALUE OF AN IRA In an Individual Retirement Account (IRA) valued at $53,900, a couple has 500 shares of stock, some in Big Bank Corporation and some in Dafe Savings and Loan. If Big Bank sells for $115 per share and Safe Savings sells for $97 per share, how many shares od each does the couple own?
The book has the answer but I do not know how to go about getting it. I could just put the answer down but it will not do me any good if I do not learn how to do it. This question is from textbook Intermediate Algebra

Answer by scott8148(6628) About Me  (Show Source):
You can put this solution on YOUR website!
let x=BigBank so 500-x=SafeSavings ... x(115)+(500-x)(97)=53900

115x+48500-97x=53900 ... 18x=5400 ... x=300 ... 300 BB and 200 SS