Solving a Dual Stock Interest Application Using a System of Equations
A system of equations can model an application involving two stock investments. For example, if Julius invested into two stocks—one paying interest and the other paying —and earned interest on the overall investment, let and be the amounts invested in the respective stocks. The total principal equation is . The interest earned equation is . Solving the system reveals that he placed into the stock and into the stock.
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Intermediate Algebra @ OpenStax
Ch.4 Systems of Linear Equations - Intermediate Algebra @ OpenStax
Algebra
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