A
person has 43,000 invested un stock A and stock B. Stock A
currently sells for $30...
70.2K
Verified Solution
Link Copied!
Question
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
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
