Question

Rachel Plant has ​$28,000 invested in stock A and stock B. Stock A currently sells for ​$20 a share and stock B sells for ​$80 a share. If stock B doubles in value and stock A goes up​ 50%, her stock will be worth ​$54,000. How many shares of each stock does she ​own?

Answer 1

Answer:

A= 66.6667

B = 333.3333

Step-by-step explanation:

Initial value of A = $20

Initial value of B = $80

Initial total=$ 28000

A moves up 50%= 20+(0.5*20)

A moves up 50% = 20+10

A moves up 50% =$ 30

B double it values = $80*2

B double it values = $160

Now total value is = $54000

A20+B80= 28000... equation 1

A30+B160= 54000.... equation 2

Multiplying equation 1 * 2

Multiplying equation 2 * 1

A40 +B160 = 56000

A30+B160= 54000

A30 = 2000

A= 2000/30

A= 200/3

A= 66.6667

A20+B80= 28000

Substituting A

200/3 (20) +B80= 28000

B80= 28000-4000/3

B80= 80000/3

B= 80000/240

B = 333.3333