Sherman has 3 cats and 2 dogs. he wants to buy a toy for each of his pets. sherman has $22 to spend on pet toys. how mych can he spend on each pet? write and your answer as a fraction

For this case, the first thing we must do is define variables.

We have then:

x: total amount of money

y: total number of pets

The cost of a toy for each pet can be:

Substituting values we have:

he can spend 4.4$ on each pet

one fourth of 9% = 2.25%

gavin is correct in saying : the equivalent quarterly interest rate would be

2.25%.