Problema Solution
In an Individual Retirement Account (IRA) valued at $81,750, a couple has twice as many shares of stock in Big Bank Corporation as 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 provided by our tutors
let 'x' represent the amount valued at $115 (Big Bank), then 'x/2' represents the amount valued at $97 (Safe Savings) per share
81750 = 115x + 97(x/2)
solving for 'x' we have x=500
500/2 = 250
the couple has 500 shares of Big Bank and 250 shares of Safe Savings