This topic contains a solution. Click here to go to the answer

Author Question: A restaurant had 356.87 cash on hand in the morning. Total cash receipts were 873.45 from lunch and ... (Read 73 times)

lunatika

  • Hero Member
  • *****
  • Posts: 548
A restaurant had 356.87 cash on hand in the morning. Total cash receipts were 873.45 from lunch and 1,462.58 from dinner. The restaurant gave 2,200 cash to a security service at closing time. What was the amount of cash on hand?

Question 2

A bank made a 12,00 . short-term loan to a new book store and earned 187.40 interest in only 60 days. Compute the exact simple interest rate (365-day year) that the bank charged. (To nearest 1/10 of a percent.)



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fdliggud

  • Sr. Member
  • ****
  • Posts: 366
Answer to Question 1

356.87 + 873.45 + 1,462.58 = 2,692.90; 2,692.90 - 2,200.00 = 492.90

Answer to Question 2

R = I  (PT) = 187.40  (12,00 .  60/365) = 0.095 = 9.5




lunatika

  • Member
  • Posts: 548
Reply 2 on: Jun 24, 2018
Excellent


rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

For a complete list of videos, visit our video library