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?

Question

asked Feb 27, 2019 178k views

1 Answer

Nicola Gallazzi · Answer 1 · 2019-03-04T21:23:50+0000

Answer:

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