Loan processing center receives on line application for loan

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Assume that a loan processing center receives on line applications for loans. Each application needs 3 operations each requiring 5 minutes for completion of loan processing (may be approving or rejecting). The organization prints the applications and sends in a group/ batch of 10 applications for operations 1(Credit checking), then to operation 2(covenant preparation), and finally to 3(approving and preparing check based on resource availability). Ignoring the set up time and time to move the application from one operation to the next, in how much time will the processing of the batch be completed?

Reference no: EM132173150

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