Question
Narda is doing her taxes. She invested in two companies, A and B, that she has to declare as capital gains for. She cannot remember
Narda is doing her taxes. She invested in two companies, A and B, that she has to declare as capital gains for. She cannot remember how much money she invested, but she recalls that whatever amount she invested in a company in 2020, she invested $2000 less in that company in 2021. Looking up the stocks online, Narda found that Company A's stock increased by 5% in 2020, and by 6% in 2021. Company B's stock increased by 8% in 2020 and 3% in 2021. If her investments increased by $524.75 in 2020 and by $456.25 in 2021, how much money did Narda invest in each company in 2020? Hint: Start with two equations representing Narda's investment increases for each year.
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