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.
Q. 2A 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?
Q. 3A 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.)
Q. 4A pharmacy started the month with 124.57 worth of dental floss. During the month, it received dental floss worth 42.44 and sold dental floss worth 89.95 . Compute the value of the remaining dental floss.
Q. 5A florist borrowed money to buy a large quantity of new imported floral art products to sell in her shop. If it cost her 393.60 to borrow the money for 146 days at 12 exact simple interest (365-day year), what was the amount borrowed?
Q. 6A pet store had 468.42 cash on hand. It received cash payments of 62.88 and 59.14 . It paid out 56.50 to have the windows washed. Determine the amount of cash the pet store had left.
Q. 7Red Winowski invested money for five years because he was guaranteed that he would earn 12 ordinary simple interest (360-day year) per year. At the end of five years, he received all of his original investment plus an additional 1,500 as the interest that he had earned. How much money had Red invested five years earlier?
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