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3. ) According to a government agency, there were 107,600 chefs/head cooks employed in the United States in 2010 and 314,600 food service managers. Those numbers were projected to decrease to 106,000 and 299,600 by 2020. Which job was facing the larger percent decrease? By how much?

106,000 / 107,600 = .98513 convert that to a percentage you get 98.5% for the head cooks/chefs 299,600 / 314,600 = .95232 convert that to a percentage and you get 95.2% for the food service managers Subtract 98.5 by 95.2 and you get 3.3 That being said 3.3% more head cooks and or chefs face a larger decrease

3. )Harry had an unpaid balance of $1780.89 on his credit card statement at the beginning of December. He made a payment of $255.00 during the month, and made purchases of $369.82. If the interest rate on Harry’s credit card was 2.5% per month on the unpaid balance, find his finance charge and the new balance on January 1

Unpaid balance of $1,780.89 minus the payment made of $255.00 = $1,525.89 Current unpaid balance $1,525.89 + the made purchases of $369.82 = $1,895.71 New unpaid balance of $1,895.71 times 2.5% interest rate = $47.39 Interest rate of $47.39 plus the new unpaid balance of $1,895.71 = $1,943.10 $1,943.10 is the new balance as of January 1

3) A credit card statement showed these transactions during October. October 1 Previous balance $413.98 October 15 Purchases $81.45 October 25 Payment $50.00 The credit card has an interest rate of 4% on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on November 1. [Hint: Remember that October has 31 days.] 1 October balance is $413.98 times 4% times 14 days = 231.82 days worth of interest $413.89 + $231.82 = $645.71 15 October balance is $645.71 + $81.45 = $727.16 times 4% times 10 days = $290.86 days worth of interest. $727.16 + $290.86 = $1,018.02 25 October balance is $1,018.02 + $50.00 = $1,068.02 times 4% times 6 days = $256.32 days worth of interest. $1068.02 + $256.32 = $1,324.34 $1,324.34 is the new balance for

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