Shanika has invested in three different stocks. Stock A is currently worth $5.50 per share. Stock B is worth $8.00 per share, while stock C is worth $10.00 per share. Shanika purchased half as many shares of stock B as stock A and half as many shares of stock C as stock B. If her total investments are currently worth $960, how many shares of each stock does she own? She owns shares of stock A.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter7: Systems Of Equations And Inequalities
Section7.2: Systems Of Linear Equations: Three Variables
Problem 53SE: At a family reunion, there were only blood relatives, consisting of children, parents, and...
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Shanika has invested in three different stocks. Stock A is currently worth $5.50 per share. Stock B is worth $8.00 per share, while stock C is worth $10.00 per share.
Shanika purchased half as many shares of stock B as stock A and half as many shares of stock C as stock B. If her total investments are currently worth $960, how
many shares of each stock does she own?
She owns
shares of stock A.
Transcribed Image Text:Shanika has invested in three different stocks. Stock A is currently worth $5.50 per share. Stock B is worth $8.00 per share, while stock C is worth $10.00 per share. Shanika purchased half as many shares of stock B as stock A and half as many shares of stock C as stock B. If her total investments are currently worth $960, how many shares of each stock does she own? She owns shares of stock A.
Expert Solution
Step 1

Let ,Purchase of stock A=xPurchase of stock B=x2Purchase of stock C=x4Total worth=$960

Price of stock A=$5.50Price of stock B=$8.00Price of stock C=$10.00

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