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?
