Concept explainers
To describe:the number ofshares owned by the investor
Answer to Problem 26E
Therefore, there are
Explanation of Solution
Given:
There are
Totalvalue of shares is
Stock | Price |
| |
Calculation:
Let:
Setup the equations.
The number of problem is
The total value of the shares is
Solve for one variable in using eq.
Substitute on eq.
Simplify & solve for
Solve for
Therefore, there are
Result
See answer above
Conclusion:
Therefore, there are
Chapter 5 Solutions
BIG IDEAS MATH Integrated Math 1: Student Edition 2016
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