Stans steak house has a server to cook ratio of 5 to 2. The total number of servers and cooks is 42. How many servers does stans
2 answers:
Answer:
Number of servers in Stans Steak house is 30
Step-by-step explanation:
Given :
Ratio of server to cook = 5 : 2
Sum of the ratio = 5 + 2
= 7
And total number of servers and cooks in Stans Steak house is 42.
We can find the total number of servers and cooks in Stans Steak house.
Number of servers in Stans Steak house =
= 5 x 6
= 30
Number of cooks in Stans Steak house =
= 2 x 6
= 12
Therefore, number of servers in Stans Steak house is 30.
You might be interested in
Answer:
a. It will take approximately 40 months
b. The total amount Paul has to pay is approximately $8,000
c. The amount Paul pays each month is approximately $316.59
d. The amount Paul has to pay is approximately $7,598.16
e. Lower monthly payment
f. Lower total payment amount (amount to be paid)
Step-by-step explanation:
a. The loan amount, PV = $7,000
The annual interest rate, r = 8%
Option 1; The amount of equal monthly payment to repay the loan = $200
Option 2; The number of equal monthly payment to repay the loan = 24
The formula for the present value of an annuity is given as follows;
Where;
PMT = The monthly payment
n = The number of months
Where PMT = $200, we have;
∴ The number of months it will take for Paul to repay the loan, n ≈ 39.988 ≈ 40 months
b. The total amount Paul has to pay, A = PMT × n
Therefore, b plugging in the values of PMT, and 'n', we get;
A ≈ $200 × 40 = $8,000
c. Using option 2, we have;
n = 24
Therefore;
The monthly payment, PMT ≈ $316.59
d. The total amount Paul has to pay using option 2, A ≈ 316.59 × 24 = 7,598.16
The total amount Paul has to pay using option 2, A ≈ $7,598.16
e. A reason why Paul might choose option 1 is that option 1 offers lower monthly payment
f. A reason why Paul may choose option 2 is that option 2 offers a lower total amount that he has to pay.