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 i

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?

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    2021-10-15T01:20:55+00:00

    Answer:

    Total profit = $59.10

    Step-by-step 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

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