Question

Answer these two pls

1. Ivy wants to earn at least $800 this week in commission. What is the minimum amount she needs to sell in order to earn $800 if she earns a 6.25% commission on everything she sells? Round your answer to the nearest dollar if necessary.

2.Tim’s savings account pays a simple annual interest rate of 3.5%. Suppose he deposits $5,500 in the account and makes no additional deposits or withdrawals for 5 years. What will the total value of the account be after 5 years?

Answer 1

1.) $12,800: 800÷0.0625=12,800

2.)$6,311.37: 5500×(0.035(5))