Jules and Jim both invested certain amount of money in bond M for one year, which pays for 12% simple interest annually. If no other investment were made, then Jules initial investment in bond M was how many dollars more than Jim's investment in bond M.
(1) In one year Jules earned $24 more than Jim from bond M.
(2) If the interest were 20% then in one year Jules would have earned $40 more than Jim from bond M.