Problema Solution
Jose has a total of 12,590 invested in stock a and stock b suppose stock a is currently worth $52 per share and stock is currently worth 62$ per share if stock a increases by $10 and stock b increases by $12 his total investment will be worth $15020 how many shares of each of the stocks Does Jose own
Answer provided by our tutors
Let
a = shares of stock a
b = shares of stock b
52a + 62b = 12590
(52 + 10)a + (62 + 12)b = 15020
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click here to see the system of equations solved for a and b
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a = 105 shares of stock a
b = 115 shares of stock b
Jose owns 105 shares of stock a and 115 shares of stock b.