Billy-Sean O'Hagan is the treasurer at his college fraternity, which recently earned $15,350 in its annual carwash fundraiser. Billy-Sean decided to invest all the proceeds in the purchase of three computer stocks: HAL, POM, and WELL.   Price per Share ($) Dividend Yield (%) HAL 100 0.5 POM 20 1.50 WELL 25 0 If the investment was expected to earn $74 in annual dividends and he purchased a total of 230 shares, how many shares of each stock did he purchase?

Question
Billy-Sean O'Hagan is the treasurer at his college fraternity, which recently earned $15,350 in its annual carwash fundraiser. Billy-Sean decided to invest all the proceeds in the purchase of three computer stocks: HAL, POM, and WELL.
  Price per Share ($) Dividend Yield (%)
HAL 100 0.5
POM 20 1.50
WELL 25 0
If the investment was expected to earn $74 in annual dividends and he purchased a total of 230 shares, how many shares of each stock did he purchase?
 
 
i have 
x+y+z=230
100x+20y+25z=15,350
5x+30y=74
 
i get y=31 but its incorrect, help please 

Expert Answer

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.
Tagged in
Math
Advanced Math

Other

Related Advanced Math Q&A

Find answers to questions asked by students like you.

Q: A plane flies at a speed 540 km/hr at a constant height of 10 km. How rapidly is the angle of elevat...

A: Click to see the answer

Q: A Ferris wheel is 30 meters in diameter and boarded from a platform that is 3 meters above the groun...

A: Consider the equation

Q: Let V be the set of ordered pairs (x, y) of real numbers and let F be the field of real numbers. Def...

A: Click to see the answer

Q: Suppose that the results of a peak-hour trip generation analysis for a five-zone small urban area is...

A: we will use gravity formula Tij=PiAjFtij∑AjFtijj=1n here  Tij is the number of tips produced at i an...

Q: e2y+1æ Simplified form of: el0x-8y e^(10y-19x) e^(10y-29x) e^(-6y-19x) e^(10y -9x) e^(-6y-29x)

A: Click to see the answer

Q: Sketch the region bounded above by the curve 7e sin(Tx), the x-axis, and r = 1, and find the area of...

A: The graph of the above function is :

Q: 6) A weight oscillates in a vertical motion according to the position function y(f) = -5 cos t. Assu...

A: Acceleration for position function yt=-5cost is d2ydt2. Calculate double derivative d2ydt2 and equat...

Q: Graph the image of rectangle STUV after the following sequence of transformations: Reflection across...

A: From the given figure, the vertices of the rectangle are  S14,8,T14,4,U6,4  and  V6,8. When a point ...

Q: a. Find vectors nį and n2 that are normals to II and IL respectively and explain how you can tell wi...

A: The planes are given by π1: x1x2x3=0-33+λ11-12+λ2313 and π2: x1x2x3=000+μ112-1+μ2340. For π1: x1x2x3...

Q: Prove that if a and b are integers, then (a+b)^5 is congruent to a^5 + b^5 modulo 5.

A: Before solving this , we must know some properties of Modulo operations If x is divisible by n then...

Q: Show that if 0 < α < 1, then f = |x|^α is not Lipschitz continuous on any open neighborhood of...

A: Click to see the answer

Q: A radius of a sphere is to be 3 cm with a possible error of .02 cm. Use differentials to approximate...

A: Given: A radius of a sphere is to be 3 cm with a possible error of 0.02 cm. Where, r=3 cm and dr=0.0...

Q: You are given the final simplex tableau for the dual problem. Problem:   Minimize C = 5x + 4y  ...

A: To minimize C=5x+4y subject to constraints 5x+y≥102x+2y≥12x+4y≥12 where x≥0, y≥0 From the tableau   

Q: Please just provide a clear explanation for part c of the question provided in detail! Like you can ...

A: To answer part (c) we have to plot the graph with the area of interest as shown: 

Q: Assume that the price of a pair of running shoes is $78 and E(78) = 3. If the price is decreased by ...

A: Given: P =78, E (78) = 3,  decrease in P = 5 or del(P) =  -5 Now, substitute all the given values in...

Q: 1. Problem. Express the function f(x) e"/L (for 0 < x <L and assumed to be periodic with period L) a...

A: Given:- Express the function f(x) = ex/L (for 0 ≤ x ≤ L and assumed to be periodic with period L) as...

Q: Clovis is standing at the edge of a cliff, which slopes 4 feet downward from him for every 1 horizon...

A: Consider the formula y=-2x2+80x The objective is to find a function h=f(x) relating the height h of ...

Q: 3. Let R be the relation defined by x R y + x² <y? Determine ifR is an order relation on N? on Z? Ju...

A: Click to see the answer

Q: a.) Explain in your own words what the proof allows you to assume and requires you to show. b.) Prov...

A: Given: The rule for multiplication in Zn given by [a][b]=[ab]

Q: D Consider the graph given above. Add an edge so the resulting graph has an Euler trail (without rep...

A: Click to see the answer

Q: || 9x2 dA, where R is the region bounded by the ellipse 9x2 + 25y2 = 225; x = 5u, y = 3v

A: Here we use transformation to solve this problem.

Q: A company has determined that its profit for a product can be described by a linear function. The pr...

A: Given: A company has determined that its profit for a product can be described by a linear function....

Q: Kindly explain

A: Click to see the answer

Q: a) f(x)=−3x b) f(x)=3x+1 c) f(x)=3x d) f(x)=x3 e) f(x)=3−x

A: Consider the equation 

Q: Write a complete solution including all necessary calculations, formulas, and a listing of all varia...

A:  Given,

Q: Don’t use formula to solve. Use a technique.

A: We have to integrate this integral:

Q: A square has a perimeter represented by the expression 8.8s - 20. Write an expression to represent t...

A: The perimeter of a square with side length a is given as follows. Perimeter, P=4a The expression for...

Q: Please give as much detail as possible because I am trying to learn as I go through the answer.

A: step:-1 Let surface f(x,y) and z=f(x,y)  then equation of tangent plane at (a, b ,c) is (z-c)=fx(a, ...

Q: Help me fast....I will give Upvote....

A: Click to see the answer

Q: Find Inverse Functions

A: according to graph if we take the value of x from 0 to 5 then f(x) is one-one.i.e., [0,5]now we find...

Q: Use the eigenvalue method to solve the following system = ri +F 2 -Tị + Tx2, 2

A: Click to see the answer

Q: let f be a non-constant analytic function in a bounded hegion Gand continuous 1. Sn G. IF f(e)+o in ...

A: Click to see the answer

Q: Let a = (1432)(257)(654). (a) Find a disjoint cycle decomposition of a, i.e. write a as a product of...

A: Given a permutation, α=1432257654 That is, α=123456741235671234567153476212345671236457=123456745237...

Q: 1. Determine whether the following converge or not (a) E k3 +1 k=1 2+1 (b) k=1

A: The given sequence is                                     ∑k=1∞k3k3+1  Consider     ak=k3k3+1 Now fr...