Question

I need help with the following question please:
In an Individual Retirement Account(IRA) valued at ₹53,900, a couple has 500 shares of stock, some in Big Bank Corporation and some in Safe Savings and Loan. If Big Bank sells for ₹115 per share and Safe Savings Sells for ₹97 per share, how many shares of each does the couple own?

Answer 1

Step-by-step explanation:

In an individual retirement account valued at $53,900, a couple has 500 shares of stock, some in Big Bank Corporation and some in Safe Savings and Loan. If big bank sells for $115 per share and Safe Savings sells for $97 per share, how many shares of each does the couple own?

.

Let x = shares of Big Bank

then

500-x = shares of Safe Savings

.

115x + 97(500-x) = 53900

115x + 48500 - 97x = 53900

115x - 97x = 5400

18x = 5400

x = 300 shares (Big Bank)

.

Safe Savings:

500-x = 500-300 = 200 shares