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Author Question: A fruit vendor had 467.98 cash on hand in the morning. Total cash receipts after selling fruits ... (Read 136 times)

Pea0909berry

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on: Jun 24, 2018
A fruit vendor had 467.98 cash on hand in the morning. Total cash receipts after selling fruits during afternoon were 984.56 and during night were 2,573.69 . The fruit vendor gave 3,300 cash to the owner of the store at closing time. What was the amount of cash on hand?

Question 2

Willie White borrowed 2,485 for 105 days at 8 exact simple interest (365-day year). Compute the total amount that Willie must repay at the end of the loan period.


wuly

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

467.98 + 984.56 + 2,573.69 = 4026.23; 4026.23 - 3,300.00 = 726

Answer to Question 2

I = PRT = 2,485  0.08  105/365 = 57.19; 2,485 + 57.19 = 2,542.19


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