Annual interest
50000 * (9.5 / 100)
4750
Interest for 12 months = 4750
Interest for 8 months
(4750/12) * 8
$ 3166.67
The available balance online may not reflect all debit transactions or all checks that were written. Some recent debit transactions and check written may not have been posted to his account yet. The available balance would need to subtract any outstanding debit transactions and any written checks that have not cleared his account. This would yield the correct available balance.
One scarf=s
One hat=h
2s+h=13
s+2h=14
h=13-2s
(plug that into the other equation)
s+2(13-2s)=14
s+26-4s=14
26-3s=14
-3s=-12
s=4
One hat=$5
One scarf=$4
5+4=9
Price of one hat AND one scarf is $9
