Last year, you purchased some stock in two companies: Company A and Company B. Stock in Company A cost $40 per share and yielded 3 % in dividends. Stock in Company B cost $25 per share and yielded 2 % in dividends. You invested a total of $7,500 in these stocks and earned $200 in dividends. How many shares of each stock did you purchase?
Last year, you purchased some stock in two companies: Company A and Company B. Stock in Company A cost $40 per share and yielded 3 % in dividends. Stock in Company B cost $25 per share and yielded 2 % in dividends. You invested a total of $7,500 in these stocks and earned $200 in dividends. How many shares of each stock did you purchase?
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Last year, you purchased some stock in two companies: Company A and Company B.
Stock in Company A cost $40 per share and yielded 3 % in dividends.
Stock in Company B cost $25 per share and yielded 2 % in dividends.
You invested a total of $7,500 in these stocks and earned $200 in dividends. How many shares of each stock did you purchase?
Number of shares in Company A is Blank 1. Fill in the blank, read surrounding text. .
Number of shares in Company B is Blank 2. Fill in the blank, read surrounding text. .
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