1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kolbaska11 [484]
3 years ago
5

Nora bought 100 Shares of a technology stock and 200 shares of a mutual fund for $3500. Her sister, Erin, bought 300 shares of t

he technology stock and 50 shares if the same mutual fund for $5500. find the cost per share of the technology stock, and the cost per share of the mutual fund.
Mathematics
1 answer:
viktelen [127]3 years ago
4 0

Answer:Suppose the cost stock is x and the cost of fund is y.

Total cost of Nora's portfolio:

100x+200y=3800.....i

Total cost of Erin's portfolio

300x+50y=5350...ii

solving the simultaneous equation by elimination method we proceed as follows:

multiplying eqn  by 3 and subtracting ii we get:

550y=6050

thus

y=6050/550

y=11

next, multiply ii by 4 and subtracting i we get:

1100x=17600

x=16

thus the cost of Technology stock was $16 and the cost of mutual fund was $11

Step-by-step explanation:

You might be interested in
In the diagram below, line MN is a perpendicular bisector. Which of the following is true?
natali 33 [55]

Answer:

MT is congruent to MS

Step-by-step explanation:

4 0
3 years ago
How is 1 and 23/100 expressed as a decimal
AleksandrR [38]
1 is expressed in decimal simply as 1.00
23/100 is expressed in decimal by 0.23

1 is a whole number and for it to become a decimal we must convert it into a fraction and perform division. 1 in fraction form is simply 1/1 which equals to 1.

23/100 to become decimal we need to divide 23 by 100. It will give us a quotient of 0.23
5 0
3 years ago
Read 2 more answers
While driving from his home to his workplace, Chris has to pass through two traffic lights. The general probability of getting a
Margarita [4]
A and B are dependent events.
The general probabilities of each event to happen separately is 36% for event A and 25% for event B. When considering that Chris passes one before passing the other, indicates that whether he gets the first light open or not will affect if he gets the other one also open or not. This can even be seen by noticing how the probability of Chris getting both red lights is 9%, a much inferior probability then considering both lights separately which means that one event has influence over the other.
4 0
3 years ago
5 times the difference between 19 and 13
BaLLatris [955]
5 times 19-13 would equal 30 as 19-13 is 6 times 5 =30
6 0
3 years ago
Can someone help me I taking a test right now no links please​
Allisa [31]
I think the answer is 12
8 0
3 years ago
Other questions:
  • sex(-x)-sin(-x)tan(-x)=cosx Note that each Statement must be based on a Rule chosen from the Rule menu. To see a detailed descri
    9·1 answer
  • Identify the error in the student solution shown below. Find the correct answer.
    13·1 answer
  • A game show airs on television five days per week. Each day, a prize is randomly placed behind one of two doors. The contestant
    13·2 answers
  • F(x) is a function? Please help
    12·1 answer
  • How many solutions does the equation have?
    5·2 answers
  • How many ace or king in a pack of 52?
    13·1 answer
  • Please Help NO LINKS
    6·1 answer
  • A rectangle has an area of 126.9m² . One of the sides is 2.7m in length. Work out the perimeter of the rectangle​
    11·1 answer
  • I don’t know this I tired.
    8·2 answers
  • What input value
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!