Answer: $40
Step-by-step explanation:
The key formula to use for this problem is the simple interest formula, which is
; where I is the interest earned, p is the principal (initial) amount, r is the interest rate, and t is the amount of time that passes.
Since we know that both investments have the same interest rate, we can use the information from the first part of the problem to solve for the interest rate. Using algebra, we can rearrange the simple interest formula to solve for the interest rate:
. We know that our interest earned is $24 and our principal amount is $300. To make things easier, we'll also convert months to years, which is easy to do since we know that 12 months = 1 year. This gives us our value for the amount of time that passes. Now, all we have to do is plug in our values into the rearranged equation above.
We should now have: 
Now, to find the interest earned from the $500 investment, we just need to plug in our values from the second part of the problem, along with our calculated interest rate of 0.08, into the original formula of 
This should result in 
Therefore, James will receive $40 on his $500 investment after 12 months.
I believe the correct answer is 2.
Answer:
$750
Step-by-step explanation:
Tim's share price changes by $2.24 -2.49 = -0.25, so the change in the value of his investment is ...
(3000 shares)(-0.25/share) = -$750
Tim takes a loss of $750 when he sells.
Answer:
8/9 n-3
Step-by-step explanation:
Noelia has 216 cards after buying part of the set with her friends.
<h3>What is addition?</h3>
Combining items and counting them as a single, large group is done through addition.
Given that, Noelia has 144 role-playing cards.
Now, she bought 72 cards more, therefore, the number of cards Noelia has is:
144 + 72
= 216
Hence, Noelia has 216 cards after buying part of the set with her friends.
Learn more about the addition:
brainly.com/question/29560851
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