Answer:
Stefan originally paid $120 for the bicycle and helmet.
He made $72 by selling them to Jin.
Step-by-step explanation:
Given that:
Selling price of bicycle = $176
Selling price of helmet = $16
Total price = 176+16 = $192
This is 160% of what Stefan paid originally.
Let,
x be the original amount paid by Stefan.
160% of x = 192
Dividing both sides by 1.6
Original amount paid by Stefan = $120
Profit = 192 - 120 = $72
Hence
Stefan originally paid $120 for the bicycle and helmet.
He made $72 by selling them to Jin.
Jesse saved about $85.77 in interest over the course of a year if he transfer from one credit card to another.
<h3>What is the interest accrued on savings?</h3>
The interest accrued on saving is the interest gained on saving or investment over a period of time.
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The amount of money saved in interest by Jesse over a period of 12 months provided that the transferred his balance to a credit card is calculated as follows:
Amount saved =
Amount saved =
Amount saved = $85.768
Amount saved = $85.77
Learn more about interest accrued on a savings here:
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