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Tutors Answer Your Questions about Money Word Problems (FREE)
Question 151126: Bill is paid hourly. If he works 8 hours he will receive $50. Write an equation for his salary based on the number of hours he works. Please explain how to do this!: Bill is paid hourly. If he works 8 hours he will receive $50. Write an equation for his salary based on the number of hours he works. Please explain how to do this!
Click here to see answer by scott8148(2370)  |
Question 151127: Bill is paid hourly. If he works 8 hours he will receive $50. Write an equation for his salary based on the number of hours he works. Please explain how to do this!: Bill is paid hourly. If he works 8 hours he will receive $50. Write an equation for his salary based on the number of hours he works. Please explain how to do this!
Click here to see answer by scott8148(2370) |
Question 151125: A high school class wants to raise money by recycling newspapers. The class decided to rent a trcuk at a cost of $150 for the week. The market price for recycled newspapers is $15 per ton. Write an equation representing the amount of money the class will make based on the number of tons of newspapers collected. Please explain how to do this problem!: A high school class wants to raise money by recycling newspapers. The class decided to rent a trcuk at a cost of $150 for the week. The market price for recycled newspapers is $15 per ton. Write an equation representing the amount of money the class will make based on the number of tons of newspapers collected. Please explain how to do this problem!
Click here to see answer by stanbon(17555) |
Question 151102: Dawn spent $13 on pens and notebooks. The pens cost $2 each and the notebooks cost $3 each. How many of each did she buy?: Dawn spent $13 on pens and notebooks. The pens cost $2 each and the notebooks cost $3 each. How many of each did she buy?
Click here to see answer by stanbon(17555) |
Question 150879: Find the present value of a $2,500 annual annunity at 7% for 10 years.: Find the present value of a $2,500 annual annunity at 7% for 10 years.
Click here to see answer by vleith(866) |
Question 150870: Wesley invested $6500 in a mutual fun at a yearly rate of 3 3/4%. If he has earned $975 in interest, how long has the money been invested?
A. 2.5 years B. 3 years C. 4 years D. 4.5 years: Wesley invested $6500 in a mutual fun at a yearly rate of 3 3/4%. If he has earned $975 in interest, how long has the money been invested?
A. 2.5 years B. 3 years C. 4 years D. 4.5 years
Click here to see answer by mangopeeler07(371) |
Question 150849: Find the amount due on a loan of $14,000 at 12%interest compounded annually for 5 years.: Find the amount due on a loan of $14,000 at 12%interest compounded annually for 5 years.
Click here to see answer by vleith(866) |
Question 150742: I need help with this problem: Find the interest rate on a loan charging $5,344.80 in simple interest on a principal of 5,100 after 8 years.: I need help with this problem: Find the interest rate on a loan charging $5,344.80 in simple interest on a principal of 5,100 after 8 years.
Click here to see answer by elima(1326) |
Question 150740: If you put 420,000 in a fund paying 6.5% compounded weekly. How long will it take to become a millionaire?: If you put 420,000 in a fund paying 6.5% compounded weekly. How long will it take to become a millionaire?
Click here to see answer by mangopeeler07(371) |
Question 150748This question is from textbook Elementary and Intermediate Algebra
: This is a tough one and we would greatly appreciate it if you could help us solve this one...please..
Question 93: Investing in treasury bills. An investment advisor uses the polynomial P(1+r)^10 to predict the value of a clients investment of P dollars
with an average anual return r. The accompanying graph shows historic average annual returns for the last 20 years for various asset classes. Use the historical average return to predict the value in 10 years of an investment of $10,000 in treasury bills.
I can't put the graph in but I can tell you about it
the numbers on the left go vertically from 0 up to 20 on the left . There are four vertical bars#1 is large company stocks it goes up to 16.7% #2 is long term corporate bonds it goes up to 10.3%, #3 US treasury bills ,goes up to 7.3%, and #4 inflation goes up to 3.4%.
Question 94:
How much more would the investment in Exercise 93 be worth in 10 years if the client invests in large company stocks rather than the U.S. Treasury bills?
This question is from textbook Elementary and Intermediate Algebra
: This is a tough one and we would greatly appreciate it if you could help us solve this one...please..
Question 93: Investing in treasury bills. An investment advisor uses the polynomial P(1+r)^10 to predict the value of a clients investment of P dollars
with an average anual return r. The accompanying graph shows historic average annual returns for the last 20 years for various asset classes. Use the historical average return to predict the value in 10 years of an investment of $10,000 in treasury bills.
I can't put the graph in but I can tell you about it
the numbers on the left go vertically from 0 up to 20 on the left . There are four vertical bars#1 is large company stocks it goes up to 16.7% #2 is long term corporate bonds it goes up to 10.3%, #3 US treasury bills ,goes up to 7.3%, and #4 inflation goes up to 3.4%.
Question 94:
How much more would the investment in Exercise 93 be worth in 10 years if the client invests in large company stocks rather than the U.S. Treasury bills?
Click here to see answer by vleith(866) |
Question 150739: Please Help: How much do you need to set aside in an account that pays 4.9% interest compounded semi-annually to have 75,000.00 in 15 years?: Please Help: How much do you need to set aside in an account that pays 4.9% interest compounded semi-annually to have 75,000.00 in 15 years?
Click here to see answer by scott8148(2370) |
Question 150590: Carol has received a loan of 50000pesos. She has invested part of it at 10% annual interest and the remaining amount at 14%. If she receives 6400pesos at the end of one year, how much has she invested at each rate?: Carol has received a loan of 50000pesos. She has invested part of it at 10% annual interest and the remaining amount at 14%. If she receives 6400pesos at the end of one year, how much has she invested at each rate?
Click here to see answer by checkley77(1334) |
Question 150604: Lucy has some money invested at 18% annual interest and three as much invested at 12%. Her total annual income from two investments is 2200pesos. How much was invested at each rate: Lucy has some money invested at 18% annual interest and three as much invested at 12%. Her total annual income from two investments is 2200pesos. How much was invested at each rate
Click here to see answer by checkley77(1334) |
Question 150607This question is from textbook 
: Lucy has some money invested at 18% annual interest and three times as much invested at 12%. Her total annual income from the two investments is 2200pesos. How much was invested at each rate?This question is from textbook
: Lucy has some money invested at 18% annual interest and three times as much invested at 12%. Her total annual income from the two investments is 2200pesos. How much was invested at each rate?
Click here to see answer by josmiceli(1827) |
Question 150545: A stamp collection consists of 3,8, and 15 stamps. The number of 8 cent stamps is one less than triple the number of 3 cent stamps. The number of 15 cent stamps is six less than the number of 8 cent stamps. The total value of all the stamps is $2.47. Find the number of 8 cent stamps in the collection.: A stamp collection consists of 3,8, and 15 stamps. The number of 8 cent stamps is one less than triple the number of 3 cent stamps. The number of 15 cent stamps is six less than the number of 8 cent stamps. The total value of all the stamps is $2.47. Find the number of 8 cent stamps in the collection.
Click here to see answer by mangopeeler07(371) |
Question 150359: --------------------------------------------------------------------------------
Investing in stocks.. US small company stocks have returned an average of 14.9% annually for the last 50 years. Use the present value formula from the previous exercise to find the amount invested today in small company stocks that would be worth $1 million in 50 years, assuming that small company stocks continue to return 14.9% annually for the next 50 years.
The previous question (present value) P=A(1+r)^-n the present value P that will amount to A dollars in n years with interest compounded annually at an anual interest rate r, is given by P=A(1+r)^-n
Find the present value that will amount to $50,000 in 20 years at 8% compounded annually.
Thanks for any light you can shed on this. I don't know where to begin and I need to show how I did it. Sheryl: --------------------------------------------------------------------------------
Investing in stocks.. US small company stocks have returned an average of 14.9% annually for the last 50 years. Use the present value formula from the previous exercise to find the amount invested today in small company stocks that would be worth $1 million in 50 years, assuming that small company stocks continue to return 14.9% annually for the next 50 years.
The previous question (present value) P=A(1+r)^-n the present value P that will amount to A dollars in n years with interest compounded annually at an anual interest rate r, is given by P=A(1+r)^-n
Find the present value that will amount to $50,000 in 20 years at 8% compounded annually.
Thanks for any light you can shed on this. I don't know where to begin and I need to show how I did it. Sheryl
Click here to see answer by stanbon(17555) |
Question 150485: The retail price of a used car is $10,052. What was the wholesale price if a markup of 12% was applied by the seller?: The retail price of a used car is $10,052. What was the wholesale price if a markup of 12% was applied by the seller?
Click here to see answer by stanbon(17555) |
Question 150445: Maybe I have solved it will you see if I ave done it correctly? I need help.
Investing in stocks-US small companystocks have returned an average of 14.9% annually for the last 50 years. Use the present value formula...P=A(1+r)^n...
to find the amount invested today in small company stocks that would be worth $1million in 50 years, assuming that small company stocks continue to return 14.95% annually for the next 50 years.
this is not exactly the given formula but........
F=P(1+(r/n))^nt
1000000=P(1+.149/1)^50
1000000=P(1.149)^50
=1000000/(1.149)^50
=1000000/1037.531843
=$963.83 = amount to invest
Please help this old grandma trying to learn math.
Thanks: Maybe I have solved it will you see if I ave done it correctly? I need help.
Investing in stocks-US small companystocks have returned an average of 14.9% annually for the last 50 years. Use the present value formula...P=A(1+r)^n...
to find the amount invested today in small company stocks that would be worth $1million in 50 years, assuming that small company stocks continue to return 14.95% annually for the next 50 years.
this is not exactly the given formula but........
F=P(1+(r/n))^nt
1000000=P(1+.149/1)^50
1000000=P(1.149)^50
=1000000/(1.149)^50
=1000000/1037.531843
=$963.83 = amount to invest
Please help this old grandma trying to learn math.
Thanks
Click here to see answer by vleith(866) |
Question 150184This question is from textbook Introduction to Technical Math
: Car rental company has 2 rental rates. Rate one is $72 per day plus $0.18 per mile. Rate two is $144 per day plus $0.09 per mile. Write an inequality to show when rate two is less that rate one in terms of the number of miles (X).This question is from textbook Introduction to Technical Math
: Car rental company has 2 rental rates. Rate one is $72 per day plus $0.18 per mile. Rate two is $144 per day plus $0.09 per mile. Write an inequality to show when rate two is less that rate one in terms of the number of miles (X).
Click here to see answer by jojo14344(192) |
Question 150105: Pamela works at the stock exchange buying and selling shares for different international and local companies on behalf of her client. She needs to be able to convert quickly from one currency to another, and uses either a calculator or a linear graph to obtain her information.
If $20 in Australian currency converts to $10.50 in American (or US) currency, draw up a graph showing the relationship between the two currencies. (Hint: What is $A0.00 equivalent to in $US?): Pamela works at the stock exchange buying and selling shares for different international and local companies on behalf of her client. She needs to be able to convert quickly from one currency to another, and uses either a calculator or a linear graph to obtain her information.
If $20 in Australian currency converts to $10.50 in American (or US) currency, draw up a graph showing the relationship between the two currencies. (Hint: What is $A0.00 equivalent to in $US?)
Click here to see answer by stanbon(17555) |
Question 149771: Please Help with this problem: You have just won 100,000.00 from a lottery. If you invest all this amount in a tax-free money market fund earning 7% compounded weekly, how long do you have to wait to become a millionaire?: Please Help with this problem: You have just won 100,000.00 from a lottery. If you invest all this amount in a tax-free money market fund earning 7% compounded weekly, how long do you have to wait to become a millionaire?
Click here to see answer by ankor@dixie-net.com(3747) |
Question 149685: Walt made an extra $9000.00 lst year from his part time job. He invested part of the money at 9% and the rest at 8%. He made a total of $770.00 in interest. How much was invested at 8%?: Walt made an extra $9000.00 lst year from his part time job. He invested part of the money at 9% and the rest at 8%. He made a total of $770.00 in interest. How much was invested at 8%?
Click here to see answer by checkley77(1334) |
Question 149770: Please help with this problem:Becoming a millionaire: How much would you have to invest now at 6.5% interest compounded semi-annually to have a million dollars in 40 years?: Please help with this problem:Becoming a millionaire: How much would you have to invest now at 6.5% interest compounded semi-annually to have a million dollars in 40 years?
Click here to see answer by checkley77(1334) |
Question 149497: Find the missing value.
Principle= $8200.00, Time= 2.5 years, Simple Interest=$3997.50, Rate=???
Please help
Ellen: Find the missing value.
Principle= $8200.00, Time= 2.5 years, Simple Interest=$3997.50, Rate=???
Please help
Ellen
Click here to see answer by stanbon(17555) |
Question 149229: A company borrowed $1500. It must make monthly payments of $40.50 for 42 months to pay off the loan. Use the constant ratio formula for APR to find the annual percentage rate.
YIkes! Please help
Ellen: A company borrowed $1500. It must make monthly payments of $40.50 for 42 months to pay off the loan. Use the constant ratio formula for APR to find the annual percentage rate.
YIkes! Please help
Ellen
Click here to see answer by mangopeeler07(371) |
Question 149172: Walt made an extra 9000 last year from a part time job. He invested part of the money at 9% and the rest at 8%. He made a total of $770.00 in interest. How much was invested at 8%?: Walt made an extra 9000 last year from a part time job. He invested part of the money at 9% and the rest at 8%. He made a total of $770.00 in interest. How much was invested at 8%?
Click here to see answer by ankor@dixie-net.com(3747) |
Question 149150: The price of a 2-hour plumbing repair job is $140 and the price of a 5-hour job is $290. Use the slope to predict the cost of a repair job lasting 4 hours.: The price of a 2-hour plumbing repair job is $140 and the price of a 5-hour job is $290. Use the slope to predict the cost of a repair job lasting 4 hours.
Click here to see answer by nerdybill(338) |
Question 149129: A carpenter charges a set fee for a job in addition to an hourly charge. He charges first customer $150 for a 3 hr job. He charges another customer $180 for a 6 hr. job. How much would he charge for a 9 hr. job?: A carpenter charges a set fee for a job in addition to an hourly charge. He charges first customer $150 for a 3 hr job. He charges another customer $180 for a 6 hr. job. How much would he charge for a 9 hr. job?
Click here to see answer by mangopeeler07(371) |
Question 148963: The price of a 2-hour plumbing repair job is $140 and the price of a 5-hour job is $290. Use the slope to predict the cost of a repair job lasting 4 hours.: The price of a 2-hour plumbing repair job is $140 and the price of a 5-hour job is $290. Use the slope to predict the cost of a repair job lasting 4 hours.
Click here to see answer by stanbon(17555) |
Question 148918: For Monday mornings staff meeting, Jim bought 2 bags of bagels and 3 packages of cream cheese and paid $9.75 (excluding sales tax). For Fridays meeting, he bought 4 bags of bagels and 2 packages of cream cheese and paid $12.50 (again, excluding sales tax). How much do bags of bagels and packages of cream cheese cost? : For Monday mornings staff meeting, Jim bought 2 bags of bagels and 3 packages of cream cheese and paid $9.75 (excluding sales tax). For Fridays meeting, he bought 4 bags of bagels and 2 packages of cream cheese and paid $12.50 (again, excluding sales tax). How much do bags of bagels and packages of cream cheese cost?
Click here to see answer by mangopeeler07(371) |
Question 148703This question is from textbook Elementary and Intermediate Algebra
: Amount of an investment. The amount of an investment of P dollars for t years at simple interest rate r is given by A=P + Prt.
a) Rewrite this formula by factoring out the greatest common factor on the right-hand side.
b) Find A if $8300 is invested for 3 years at a simple interest rate of 15%
This question is from textbook Elementary and Intermediate Algebra
: Amount of an investment. The amount of an investment of P dollars for t years at simple interest rate r is given by A=P + Prt.
a) Rewrite this formula by factoring out the greatest common factor on the right-hand side.
b) Find A if $8300 is invested for 3 years at a simple interest rate of 15%
Click here to see answer by ankor@dixie-net.com(3747) |
Question 148235: My car gets 12 miles per gallon of gasolene. Gas is 4$/gallon.
If I buy a car that gets 16 miles per gallon at a cost of $500, how long or how many miles will it take me to pay for it with savings of gas cost?
Help please,
Bob: My car gets 12 miles per gallon of gasolene. Gas is 4$/gallon.
If I buy a car that gets 16 miles per gallon at a cost of $500, how long or how many miles will it take me to pay for it with savings of gas cost?
Help please,
Bob
Click here to see answer by ankor@dixie-net.com(3747) |
Question 148224: One video rental club charges $25 to become a member and $2.50 to rent each video. Another charges no membership fee, but charges $3.25 to rent each video. How many videos must you rent to make the first club more economical?: One video rental club charges $25 to become a member and $2.50 to rent each video. Another charges no membership fee, but charges $3.25 to rent each video. How many videos must you rent to make the first club more economical?
Click here to see answer by stanbon(17555) |
Question 148213: If the sales tax rate is 2.5% and the tax on a purchase is $5, what was the amount of the purchase?
Can someone help me out with this?
Eddie: If the sales tax rate is 2.5% and the tax on a purchase is $5, what was the amount of the purchase?
Can someone help me out with this?
Eddie
Click here to see answer by edjones(2107) |
Question 148069: The fromula A=P(1+r)^t gives the amount A in dollars that P dollars will grow to in two years at interest rate r using compound interest. What interest rate will cause $6235.75 to grow to $8612.88 in two years? Round your answers here to the nearest tenth of a percent.: The fromula A=P(1+r)^t gives the amount A in dollars that P dollars will grow to in two years at interest rate r using compound interest. What interest rate will cause $6235.75 to grow to $8612.88 in two years? Round your answers here to the nearest tenth of a percent.
Click here to see answer by nerdybill(338) |
Question 148058: How much should be invested at 8% compounded semiannually in order to have $5000 at the end of 8 years?
a. $4215.27
b. $9364.91
c. $2669.54
d. $3048.78: How much should be invested at 8% compounded semiannually in order to have $5000 at the end of 8 years?
a. $4215.27
b. $9364.91
c. $2669.54
d. $3048.78
Click here to see answer by vleith(866) |
Question 147793: A company borrows $75,000 which is to be repaid with equal payments semiannually for 10 years. The interest rate is 10%. Find the semiannual payments.: A company borrows $75,000 which is to be repaid with equal payments semiannually for 10 years. The interest rate is 10%. Find the semiannual payments.
Click here to see answer by josmiceli(1827) |
Question 147849: The value of a computer depreciates at the rate of 18% per year. If the computer is now worth $1600, find its value 20 months ago. Give your answer to the nearest dollar. What am I supposed to do?: The value of a computer depreciates at the rate of 18% per year. If the computer is now worth $1600, find its value 20 months ago. Give your answer to the nearest dollar. What am I supposed to do?
Click here to see answer by Alan3354(444) |
Question 147795: How much should be invested at 8% compounded semiannually in order to have $5000 at the end of 8 years.: How much should be invested at 8% compounded semiannually in order to have $5000 at the end of 8 years.
Click here to see answer by checkley77(1334) |
Question 147636: For a sample of size n = 100, proportion p = 0.6, and at a 95% confidence level, the upper bound of the portion is:: For a sample of size n = 100, proportion p = 0.6, and at a 95% confidence level, the upper bound of the portion is:
Click here to see answer by stanbon(17555) |
Question 147706: 4 students about to purchase concert tickets for 18.50 for each ticket discover that they may purchase a block of 5 tickets for 80.00. how much would each of the 4 save if they can get a fifth person to join them and the 5 people equally divide the price of the 5-ticket block?
a)1.50
b)2.50
c)3.13
d)10.00
e)12.50: 4 students about to purchase concert tickets for 18.50 for each ticket discover that they may purchase a block of 5 tickets for 80.00. how much would each of the 4 save if they can get a fifth person to join them and the 5 people equally divide the price of the 5-ticket block?
a)1.50
b)2.50
c)3.13
d)10.00
e)12.50
Click here to see answer by stanbon(17555) |
Question 147690: A grocer mixed peanuts(whose price is 90 cents per kilogram)with almonds(whose price is $1.10 per kilogram)to make a 20-kilogram mixture of nuts for sale at 98 cents per kilogram. How many kilograms of peanuts and how many kilograms of almonds are in the mixture?: A grocer mixed peanuts(whose price is 90 cents per kilogram)with almonds(whose price is $1.10 per kilogram)to make a 20-kilogram mixture of nuts for sale at 98 cents per kilogram. How many kilograms of peanuts and how many kilograms of almonds are in the mixture?
Click here to see answer by stanbon(17555) |
Question 147690: A grocer mixed peanuts(whose price is 90 cents per kilogram)with almonds(whose price is $1.10 per kilogram)to make a 20-kilogram mixture of nuts for sale at 98 cents per kilogram. How many kilograms of peanuts and how many kilograms of almonds are in the mixture?: A grocer mixed peanuts(whose price is 90 cents per kilogram)with almonds(whose price is $1.10 per kilogram)to make a 20-kilogram mixture of nuts for sale at 98 cents per kilogram. How many kilograms of peanuts and how many kilograms of almonds are in the mixture?
Click here to see answer by mangopeeler07(371) |
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