1.78 is the correct answer.
Hi there! I can help you! Okay. So to find the amount of interest, we have to do the formula prt. That means multiply the principal, which is the initial amount of money, the rate, which is the interest rate, and the amount of time, which is usually in years. With that being said, here is how the answers turn out.
$252, 8% for 2 years: $40.32
$400, 2% for 6 months: $4
$5,000, 3.5% for 1 year: $175
$6,240, 10% for 9 months: $468
For the months, we just convert those numbers into decimal. 6 months is 1/2 a year, so it would be 0.5 and 9 months is 3/4 of a year, so that decimal would be 0.75. All you have to do is multiply the amount of money by percentage (you can do it by decimal form) by amount of time, and you’ll be good.
Nnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn
Answer:
75 in coupons.
250 in dividends.
profit of 600 - 425 = 175 from her stock investment.
her total income is 250 + 75 + 175 = 500.
if all of this is taxed at 10%, then her tax will be 500 * .1 = 50.
