Firstly, the gift card is worth $25.00, and each CD costs $10.98 plus a sales tax of 5.25%. 5.25% of $10.98 is $0.058 rounded off. So the total cost of each CD would be $11.038. Therefore, the number of CDs and we can buy with the $25 gift card would only be 2 CDS. $11.038 times 2 is $22.076. We have $25, so the remaining balance would be $2.924. Hope this helps.
