Problema Solution
An investor bought 1500 shares of stock, some at $6 per share and the rest at $25 per share. If $12800 worth of stock was purchased, how many shares of each kind did the investor buy?
Answer provided by our tutors
From the given information, we can write:
6(n)+(25)(1500-n)=12800
Where n is the number of $6 stock bought and '1500-n' is the number of $25 stock bought. Solving for 'n', we get:
n=1300
Therefore, 1300 of the $6 stock was bought and 200 of the $25 stock was bought.