Answer: a. $1392
b. 31.5%
Step-by-step explanation:
a. What was Joe's capital loss?
Cost price = $22.07 × 200 = $4414
Selling price = $15.11 × 200 = $3022
Capital loss = $3022 - $4414
= -$1392
b. Express Joe's capital loss as a percent, rounded to the nearest percent.
= Capital loss/Cost price × 100
= 1392/4414 × 100
= 31.5%
Answer:
line 5. i just took the test and got it correct. oh wait nvm urs is different
The amount invested is $ 470
<h3><u>Solution:</u></h3>
Given that , we have earned $131.60 as simple interest for an amount deposit at the rate of 4% for seven years.
We have to find the amount invested. That is, we need to find the principal sum
Let us use the simple interest formula
<em><u>The simple interest is given as:</u></em>

Here, simple interest = $ 131.60
Rate of interest = 4 %
Number of years = 7
principal = ?
Substituting the values in formula, we get

Thus the amount invested is $ 470
Answer:
3 hundredths.
Step-by-step explanation:
After the decimal point the unit becomes tenths, hundredths, thousandths and so on. The 3 is in the hundredths column.