An office administrator finished word processing a two-page ...

[mspears3]

An office administrator finished word processing a two-page letter and its envelope in 13.8 minutes. He entered page one of the letter in 5.9 minutes and entered page two in 4.8 minutes. Compute the time that he spent printing the letter and preparing the envelope. (i.e., not entering the two pages of text).

Question 2

Nina Lopez calls a finance company to investigate borrowing 2,700 for 60 days. Nina qualifies for a loan at 9.75 exact simple interest (365-day year). If she accepts the loan, compute the total amount that Nina will have to repay.

[ecox1012]

Answer to Question 1

5.9 + 4.8 = 10.7 minutes entering text; 13.8 - 10.7 = 3.1 minutes printing and preparing the envelope or, 13.8 - 5.9 - 4.8 = 3.1

Answer to Question 2

I = PRT = 2,700  (0.0975  60/365) = 43.27; 2,700 + 43.27 = 2,743.27