Statewide Insurers receives 1,600 applications per month. Currently, there are 160 applications in the Reception area and 240 applications with the Underwriting team. Application must go through Receiving and then the Underwriting process. How long does it take to process an application? Assume that there are 20 working days per month.
A) 2 days
B) 7 days
C) 5 days
D) 10 days

Question

Quizplus · Accepted Answer

To process an application, it has to go through Receiving and Underwriting. As there are 160 applications in the Reception area and 240 applications with the Underwriting team currently, the total number of applications in the process is 160 + 240 = 400.
Therefore, the number of applications processed per day is 1,600 / 20 = 80.
To process 400 applications, it will take (400/80) = 5 days. 
So, the answer is option C, 5 days.

Statewide Insurers Receives 1,600 Applications Per Month