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Answer:
$ 3199.0
Step-by-step explanation:
Let the number of shares of ABC = x
and XYZ = y
writing each as a linear equation
32 x + 23 y = 10100 equation 1
1.2 x + 1.4 y = 540
1.4 y = 540 - 1.2 x
y = ( 540 - 1.2 x) / 1.4
substitute for y in equation 1
32 x + 23( 540 - 1.2 x) / 1.4 = 10100
32 x + 8871.43 - 19.71 x = 10100
collect the like terms
32 x - 19.71 x = 10100 - 8871.43
12.29 x = 1228.57
x = 1228.57 / 12.29 = 99.97
the amount of money to be invested in ABC shares = 99.97 × $ 32 = $ 3199.0
Answer: Line parallel
Step-by-step explanation:
