Author Question: When it opened on Monday morning, a local delicatessen had 26.8 pounds of salami. During the week, ... (Read 166 times)

Hungry! · **on:** Jun 24, 2018

When it opened on Monday morning, a local delicatessen had 26.8 pounds of salami. During the week, it received a shipment of 84.9 pounds of salami. Also during the week, it used 42.8 pounds of salami in sandwiches and sold 34.2 pounds in bulk to retail customers. How much salami remained at the end of the week?

Question 2

Nelda Brown borrowed 1,420 for 120 days to buy some new furniture for her office. At the due date, Nelda repaid a total of 1,448 . What was the exact simple interest rate (365-day year) that she paid on the loan? (To nearest 1/10 of a percent.)

Edwyer · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

26.8 + 84.9 - 42.8 - 34.2 = 34.7 pounds

Answer to Question 2

1,448 - 1,420 = 28 interest
R = I (PT) = 28 (1,420 120/365) = 0.05998 or 0.06 = 6