12 years if interest is paid yearly 12 months if interest is paid monthly Step-by-step explanation: 2.75% of $1500 is $41.25 interest per period $1995-$1500 = $495 total interest $495 ÷ $41.25 = 12 periods Therefore it takes 12 interest periods to reach $1995, so the answer is 12 months or 12 years depending on how often interest is paid.
Since the question only asks for bagels, put the cream-cheese idea aside. The total spent has to be less than $7 so an equation can be this: $0.75x<$7 where x is the number of bagels
