You deposit $9,800 in a money-market account that pays an annual interest rate of 5.8%. The interest is compounded quarterly. Ho
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Answer:
$2
Step-by-step explanation:
Total money Shania was having = $20.
After buying raffle tickets she was having a total of $6.
Thus ,
The money she spent on the raffle tickets = Money she was having initially -
Money she was having after
purchasing tickets .
= $20 - $6
= $14.
Thus She spent a total of $14 on tickets .
Now , number of tickets she bought = 7.
So, cost of each ticket = =
= $2.
Thus , each ticket costs $2 for Shania.