Jacob has $100. She spends 87% of the money. She then invests the remaining amount and earns a profit of 75%. How much money does she now have?
$13.00
$87.00
$22.75
$9.75
Correct Answer : C
We are needed to find the amount Jacob will be left with after spending and reinvesting the rest using the given information.
Amount Jacob spends=87% of $100=87/100*100=$87
Amount left to invest=$(100-87)=$13
Jacob is left with $13, which she invests and earns a profit of 75%.
Profit earned on invested amount=75% of $13=75/100*13=$9.75
So, Jacob will have $13+$9.75=$22.75
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Explanation
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Explanation
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