Johnson Lane
11/08/2024 · High School

A person has \( \$ 31,000 \) invested in stock A and stock B. Stock A currently sells for \( \$ 30 \) a share and stock B sells for \( \$ 70 \) a share. If stock B triples in value and stock A goes up \( 50 \% \), his stock will be worth \( \$ 88,500 \). How many shares of each stock does he own?

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The person owns 100 shares of stock A and 400 shares of stock B.

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