This Question: 1 pt 2 of 26
Use the formula for simple interest, I = Prt, to find the indicated quantity. Assume a 360 day year.
1 = $24; P = $1200; t = 90 days; r = ?
= 8% (Simplify your answer.)
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The krasnapolski is a top-of-the-line hotel in amsterdam, the netherlands. among their many services, they rent bicycles to guests. the bicycle checkout is open 24 hours per day 7 days per week and has 50 bicycles on hand. on average, 10 guests request a bicycle each day, arriving completely randomly at all times of the day during the spring and summer seasons. guests keep bicycles for four days on average, with a standard deviation of two days. how long does a guest on average have to wait for a bike? a. approximately 24 hours b. approximately 0.033 hours c. approximately 4 days d. approximately 47 minutes