Carlo Works as a Waiter

question 141

Short Answer

Carlo works as a waiter. He works double shifts 5 days a week. The lunch shift is 2 hours and the dinner shift is 1 hour. Find the total number of hours he works per week using the numbers 5, 2, and 1. Do the calculation two different ways so that the results give further justification for the distributive property. __________ __________

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Definitions:

Actual Interest Rate

The actual rate of interest earned or paid on an investment, loan, or other financial product over a period, typically accounting for compounding.

Discount Method

A valuation technique where a future cash flow or series of cash flows is discounted back to the present to determine its worth.

Actual Interest Rate

The real rate of interest earned or paid after adjusting for compounding and fees.

Discounting

A financial strategy that adjusts the future value of cash flows to their present value, often for analysis or investment decisions.