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A person has 43,000 invested un stock A and stock B. Stock A currently sells for $30...

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Advance Math

Aperson has 43,000 invested un stock A and stock B. Stock Acurrently sells for $30 a share abd stock B sells for $80 a share.If stock B doubles in value and stock a goes up 50% his stock willbe worth $84,000. How many shares of each stock does he own?

Answer & Explanation Solved by verified expert
3.6 Ratings (620 Votes)
First define variables as follows Let x number of shares of stock A Let y number of shares of stock B Now use the information given to set up equations price of stock A price of stock B 43000 Double the    See Answer
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