The Difference Between Seven Times the First Number and Three

question 11

Essay

The difference between seven times the first number and three times the second number is 12. The sum of three-fourths of the first number and two-thirds of the second number is 21. Find the two numbers.

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Definitions:

Preferred Stock

A category of corporate equity that takes precedence over common stock in terms of asset claims and earnings, typically offering stable dividend payments.

Par-value

The face value of a bond or stock as stated by the issuing company, which may differ from the market value.

No-par Common Stock

A type of common stock that does not have a par value assigned, representing an ownership interest in a corporation.

Stated Value

A value assigned to a share of stock by the corporation’s board of directors, which is an arbitrary value used for accounting purposes.