I know the answer to this problem (it is in the back of my book), but I cannot figure out the equation.
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 Savngs 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?
The first person that can explain how to get the algebraic expression(and is right) will get the points!
2007-01-13
03:04:33
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5 answers
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asked by
colbykaplan
2
in
Business & Finance
➔ Personal Finance