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Concept explainers
To find:The shares of each stock the investor owns.
![Check Mark](/static/check-mark.png)
Answer to Problem 26E
The required answer is the total shares the investor own from Stock A is 80 and from Stock B is 120.
Explanation of Solution
Given information:
An investor owns shares of Stock A and Stock B. The investor owns a total of 200 shares with a total value of $4000.
Calculation:
Total shares
Total value
Let shares of stock A be
And shares of stock B be
Therefore,
(Subtract y from both sides)
(Equation 1)
Again,
(Simplify)
(Subtract 1900 from both side)
(Simplify)
(Divide by 17.5 on both sides)
(Simplify)
Therefore, from equation 1 we get:
(Putting the value of y)
Therefore, the total shares the investor owns from stock A is 80 and from stock B is 120.
Chapter 5 Solutions
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
- Algebra and Trigonometry (6th Edition)AlgebraISBN:9780134463216Author:Robert F. BlitzerPublisher:PEARSONContemporary Abstract AlgebraAlgebraISBN:9781305657960Author:Joseph GallianPublisher:Cengage LearningLinear Algebra: A Modern IntroductionAlgebraISBN:9781285463247Author:David PoolePublisher:Cengage Learning
- Algebra And Trigonometry (11th Edition)AlgebraISBN:9780135163078Author:Michael SullivanPublisher:PEARSONIntroduction to Linear Algebra, Fifth EditionAlgebraISBN:9780980232776Author:Gilbert StrangPublisher:Wellesley-Cambridge PressCollege Algebra (Collegiate Math)AlgebraISBN:9780077836344Author:Julie Miller, Donna GerkenPublisher:McGraw-Hill Education
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