Question

James bought two U.S. Savings bonds for $50 each.He cashed one in when it was worth $75.50,and the other when it was worth $83.60.How much in total did he earn?

Answer 1

Total profit = $59.10

Explanation:

Total profit = Total selling price - total buying price

Total selling price = $75.50 + $83.60 = $159.10

Total buying price = 2 × $50 = $100

Hence total profit earned = $159.10 - $100 = $59.10