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Author Question: The employee who applies the finishing touches and final adjustments to bicycles takes about 1 1/3 ... (Read 116 times)

itsmyluck

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on: Jun 24, 2018
The employee who applies the finishing touches and final adjustments to bicycles takes about 1 1/3 hours per bicycle. Calculate the total number of bicycles that he can completely finish in an 8-hour day.

Question 2

Cortez Sheet Metal borrowed 12,250 to make its quarterly payroll tax payment to the government. The loan was for 45 days at a 8 exact simple interest rate. Compute the amount of interest that it paid for this loan. (Use a 365-day year.)


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prumorgan

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Reply #1 on: Jun 24, 2018
Answer to Question 1

8 1 1/3 = 8/1 4/3 = 8/1  3/4 = 6 bicycles

Answer to Question 2

12,250  0.08  45/365 = 120.82


itsmyluck

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

tranoy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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