Sarah has $15000 invested in stock A and stock B. Stock A currently sells for $3
ID: 3374599 • Letter: S
Question
Sarah has $15000 invested in stock A and stock B. Stock A currently sells for $30 a share and stock B sells for $90 a share. If stock B DOUBLES in value and stock A goes up 50%, her stock will be worth $27,000. How many shares of each stock does she own?Sarah owns ___ shares of stock A and ___ shares of stock B. Sarah has $15000 invested in stock A and stock B. Stock A currently sells for $30 a share and stock B sells for $90 a share. If stock B DOUBLES in value and stock A goes up 50%, her stock will be worth $27,000. How many shares of each stock does she own?
Sarah owns ___ shares of stock A and ___ shares of stock B. Stock A currently sells for $30 a share and stock B sells for $90 a share. If stock B DOUBLES in value and stock A goes up 50%, her stock will be worth $27,000. How many shares of each stock does she own?
Sarah owns ___ shares of stock A and ___ shares of stock B.
Explanation / Answer
Solution :
From given data,
=> currently equation is : 30A + 90B = 15000 -----(1)
=> Stock A value goes up 50% = 30 + 15 = 45
Stock B doubles in value is = 90*2 = 180
=> value equation is : 45A + 180B = 27000 ------(2)
solve (1) and (2) equations , we get
=> A = 200 , B = 100
=> Sarah owns 200 shares of stock A and 100 shares of stock B.
Related Questions
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.