You're really good at investing and you have $1,500 in your investment account. you make 8.5% interest a year on your investment account! for a year you owe $1,600 on a credit card. you pay 19% interest a year on this credit card debt.

Answer:You're really good at investing and you have $1,500 in your investment account.You make 8.5% interest a year on your investment account!For a year you owe $1,600 on a credit card.You pay 19% interest a year on this credit card debt.How much money are you making on your investment in a year?1. How much are you making on your investment 2. How much money are you paying in interest in a year on your card?3. What's your total gain/loss that year? Enter a negative value for a loss.Step-by-step explanation:Investment Capital = $1,500Interest rate 8.5%Amount owe on credit card for one year is $1,600Interest paid on debit card debit is 19%a. Profit make from investment Profit=interest rate×Capital investedProfit = 8.5% of 1500Profit = 8.5/100 × 1500Profit = $127.5b. Amount paid from card debitAmount paid= debit rate × Amount oweAmount paid = 19% of 1600Amount paid = 19/100 × 1600Amount paid = $304c. Gain/loss = Profit - expensesGain/loss = 127.5 — 304Gain/loss = —$176.5The negative sign is showing that it is a lossThen, the loss is $176.5