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?
A. $13.00
B. $87.00
C. $22.75
D. $9.75
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
Therefore, the Correct Answer is C.