Answer:
Each raffle ticket cost $2
Explanations:
If Amy had $21 to spend on eight raffle tickets with $5 as balance after buying the ticket, then the amount of money spent on all the tickets is given as:
[tex]\begin{gathered} \text{Total money spent=\$21-\$5} \\ \text{Total money spent=\$16} \end{gathered}[/tex]
This shows that $16 was spent on eight raffle tickets
Get the cost of each ticket
[tex]\text{Unit cost=}\frac{Totol\text{ money sp}ent}{\text{ Total number of tickets}}[/tex]
Substitute the given parameters:
[tex]\begin{gathered} \text{Unit cost=}\frac{16}{8} \\ \text{Unit cost=\$2} \end{gathered}[/tex]
Therefore, each raffle ticket costs $2
