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Word Problems: Money, Business and Interest

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Question 143373: mat 115 chapter 4 in basic mathematical skills with geometry
Business and finance. Claudia earns $6.40 per hour (h). For overtime (each hour
over 40 h) she earns $9.60. If she works 48.5 h in a week, what pay should she
receive?
Click here to see answer by checkley77(7032)

Question 143833: JIM JONES, AN OWNER OF A BURGER KING RESTAURANT, ASSUMES, THAT HIS RESTAURANT WILL NEED A NEW ROOF IN 7 YEARS. HE ESTIMATES THE ROOF WILL COST HIM $9,000 AT THAT TIME. WHAT AMOUNT SHOULD JIM INVEST TODAY AT 6% COMPOUNDED QUARTERLY TO BE ABLE TO PAY FOR THE ROOF?
Click here to see answer by vleith(1977)

Question 143977: Henry invested $12,000 in a new restaurant. When the restaurant was sold two years later, he received $27,000. Find his average annual return by solving the equation 12,000(1 + r)^2 = 27,000.
This problem is in a chapter on equations by factoring, and also has examples for the Pythagorean theorem.
Thanks for any help you can give me!
Click here to see answer by vleith(1977)

Question 144392: Q1: A,B and C can do a piece of work in 36,24 and 18 days respectively.if A is assisted by B on one day and by C on next day alternatvely, how soon can work be done?
Q2: what is the compound interest in 2 and half years at 8% on $ 2500?
Q3:on a certain sum of money the compound interest for 3 years is 480 and simple interest is 460.find the rate of interest and sum of money?
Click here to see answer by stanbon(26249)

Question 144557: I need help with the following problem...I have NO idea what to do!! Thanks in advance for your help!
Roberto invested some money at 6%, and then invested $3000 more than twice this amount at 10%. His total annual income from the two investments was $4200. How much was invested at 10%?
Click here to see answer by checkley77(7032)

Question 144644: invest a total of 16,000. part was savings paying 4% the rest was savings paying 6%. if the total interest for the year was $760, how much in each account?
Click here to see answer by stanbon(26249)

Question 144670: turf's grass seed cost 60 cents a pound and lumpy's grass seed cost cost 45 cents a pound. How many pounds of each were used to to make a 40-pound mixture that cost $20.25

i'm so confused!!
Click here to see answer by tutorcecilia(2042)

Question 144647This question is from textbook PRACTICAL BUSINESS MATH PROCEDURES
: PLEASE HELP ME WITH THIS QUESTION: THANKS

ON JULY 26,2003, THE MINNEAPOLIS STAR TRIBUNE QUOTED AN EXECUTIVE VICE PRESIDENT AT ABN AMRO SAYING THAT 10% DOWN PAYMENTS HAD BECOME COMMON. FOR MOST CONVENTIONAL LOANS, A DOWN PAYMENT OF LESS THAN 20% MEANS BUYERS MUST PURCHASE PRIVATE MORTGAGE INSURANCE (PMI). DAVE MARVIN WANTS TO AVOID STHE PMI AND HAS $30,000 FOR A DOWN PAYMENT. A LOCAL BANK IS OFFERING 7% ON A FIXED 30 YEAR MORTGAGE. (A)WHAT IS THE MOST DAVE WILL BE ABLE TO PAY FOR A HOME? (B) WHAT WOULD BE HIS MONTLY PAYMENT?This question is from textbook PRACTICAL BUSINESS MATH PROCEDURES

Click here to see answer by solver91311(5072)

Question 144882: A customer wants to make a teepee in his backyard for his children. He plans to use lengths of PVC plumbing pipe for the supports on the teepee, and he wants the teepee to be 12 feet across and 8 feet tall (see figure). How long should the pieces of PVC plumbing pipe be?
Click here to see answer by checkley77(7032)

Question 144936This question is from textbook Teaching Textbooks Alg 1
: Mrs. Pasternak invested $100,000 in two different healthcare companies. The first earned a 6%^ profit, and the second earned a 12% profit. If Mrs. Pasternak made 2 times as much profit from the 12% investment as she did from the 6% investment, how much did she invest in the company that made 6%.
I know x is the amount she invested at 6% (.06x) and it should be .12(100,000-x) for the 12% investment , but what is throwing me is the 2 times as much profit. I tried it many ways and can't get the right answer.
Thanks!This question is from textbook Teaching Textbooks Alg 1

Click here to see answer by stanbon(26249)

Question 144949: I am having a problem with an interest problem mainly because it has 3 unknowns. I can't seem to get the equations right. Can you help me?
A man divides $10000 among 3 investments, 3%, 4% and 6% per annum respectively. His annual income from the first two investments is $80 less than his income from the third investment and his total income is $460 per year. Find the amount invested at each rate.
The answer is: 3% $3000; 4% $2500; 6% $4500
Thank you for your time.
Click here to see answer by scott8148(3382)

Question 145157: I have a problem setting up the equation for these 2 word problems. Any help would be greatly appreciated.
The instructions are:
For questions 5 and 6, recall that, when interest is compounded continuously, the balance in an account after t years is given by
A = Pert,
where P is the initial investment and r is the interest rate.

5. Maya has deposited $600 in an account that pays 5.64% interest, compounded continuously. How long will it take for her money to double?

6. Suppose that $2000 is invested at a rate of 6% per year compounded continuously. What is the balance after 1 yr? After 2 yrs?

Click here to see answer by vleith(1977)

Question 145270: You received a year-end bonus of $17000 and invested it at 6.5%. How much additional money would you need to invest at 5% so that the return on the investments would be 6%
Click here to see answer by 24HoursTutor.com(40)

Question 145297: Tickets for a train ride were $120 for a sleeping room, $80 dollars for a berth, and $50 for a coach seat. The total ticket sales were $8600. If there were 20 more berth tickets than sleeping room tickets and 3 times as many coach tickets as sleeping room tickets, how many of each type of ticket were sold?
Click here to see answer by ankor@dixie-net.com(6685)

Question 145446This question is from textbook Elementary and Intermediate Algebra
: Problem is on page 30 number 104
Net Worth - Melanie's house is worth $125,000, but she still owes $78,000 on her mortgage. She has $21,236 in a savings account and has $9,477 in credit card debt. She owes $6,311 to the credit union and figures that her cars and other household items are worth a total of $15,000. What is Melanie's net worth?
I know how to solve this problem, but do I put the $15,000 amount with assets or with debts?This question is from textbook Elementary and Intermediate Algebra

Click here to see answer by 24HoursTutor.com(40)

Question 145445This question is from textbook Elementary and Intermediate Algebra
: Problem on page 23 number 110
Diversification - Helen has 1/5 of her portfolio in U.S. stocks, 1/8 of her portfolio in Europea stocks, and 1/10 of her portfolio in Japanese stocks. The remainder is invested in municipal bonds. What fraction of her portfolio is invested in municipal bonds? What percent is invesed in muncipal bonds.
What formula do I use to solve this word problem?This question is from textbook Elementary and Intermediate Algebra

Click here to see answer by 24HoursTutor.com(40)

Question 146153This question is from textbook New Mexico Edition College Algebra
: A coffee manufacturer wants to market a new blend of coffee that sells for $3.90 per pound by mixing two coffees that sell for $2.75 and $5.00 per pound, respectively. What amounts of each coffee should be blended to obtain the desired mixture? [Hint: Assume that the total weight of the desired blend is 100 pounds]This question is from textbook New Mexico Edition College Algebra

Click here to see answer by stanbon(26249)

Question 146263: One man received 15% more than another man when they shared an inheritance of $4300.00. How much did each man receive? I'm not sure how to set up? Do I use x + 15%x = 4300.00?
Click here to see answer by stanbon(26249)

Question 146602: An investment of 5600 is made at an annual simple interest rate of 6.5%. How much additional money must be invested at an annual simple interest rate of 9% so that the toatl interest earned is 8% of the total investement
Click here to see answer by checkley77(7032)

Question 147039: Mr. Joyce inherited a sum of money. He invested 2/5 of this sum at 4%, 1/3 at 5%, and the rest at 3%. If the annual income from these investments was $610, find the amount of money he inherited.

Click here to see answer by checkley77(7032)

Question 147066: Examine the rise in gasoline prices from 1997 to 2006. The price of regular unleaded gasoline in January 1997 was $1.26 and in January 2006 the price of regular unleaded gasoline was $2.31 (Bureau of Labor Statistics, 2006). Use the coordinates (1997, 1.26) and (2006, 2.31) to find the slope (or rate of change) between the two points. Describe how you arrived at your answer
Click here to see answer by Fombitz(2113)

Question 147113: Mary earns 40% more than John. If together they earn $96,000 annually, how much does Mary make each year?
Click here to see answer by josmiceli(3003)

Question 147304: media services charges $20 for a phone and 30/month for it's economy plan. the equation C=30t+20 describes the total cost, c, of operatinga media services phone for t months. the total cost for 2 mos service is? if a customer only has $90 available,how many mos can she recieve?
Click here to see answer by vleith(1977)

Question 147580: Not too sure if this is a trick question? Please help?
Bob has two jobs offers with starting salary of $100,000 per year and monthly paychecks. The Alanta employer will raise his annual salary by $2000 at the end of every year, while the Chicago employer will raise his annual salary by $1000 at the end of every six months.
1) Which job is the better deal?
2) How much more will Bob have made at the end of 10 years with the better deal?
Click here to see answer by stanbon(26249)

Question 147626: Sam earned $42,000 in selling antiques. He invested part at 15% simple interest and the rest at 12%, earning $5790 per year in interest. How much did he invest at each rate?
Click here to see answer by stanbon(26249)

Question 147579: an amount of $5000 is put into three investments at rates 6%, 7%, and %8 per annum, respectively. The total annual income is $358. The income from the first two investments is $70 more than the income from the third investment. Find the amount of each investment.
Click here to see answer by ankor@dixie-net.com(6685)

Question 147632: Find the interest rate for a simple interest loan with P = $1420, I = $306.72, t = 3 years.
Click here to see answer by aswathytony(47)

Question 147631: Ms. Mills invested her $20,000 bonus in two accounts. She took a 4% loss on one investment and made a 12% profit on another investment, but ended up breaking even. How much was invested in each account?
Click here to see answer by edjones(3291)

Question 147687: One boy saved pennies, another saved nickels, and another dimes. If each one of them had the same number of coins, how many did each have if the total of their money was $3.68?
Click here to see answer by ankor@dixie-net.com(6685)

Question 147693: There are 20 kilograms of a solution that is 10% salt. How many kilograms of salt must be added to make a solution that is 25% salt?
Click here to see answer by stanbon(26249)

Question 147693: There are 20 kilograms of a solution that is 10% salt. How many kilograms of salt must be added to make a solution that is 25% salt?
Click here to see answer by Nate(3495)

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?
Click here to see answer by mangopeeler07(450)

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
Click here to see answer by stanbon(26249)

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:
Click here to see answer by stanbon(26249)

Question 147795: 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(7032)

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?
Click here to see answer by Alan3354(6047)

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.
Click here to see answer by josmiceli(3003)

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
Click here to see answer by vleith(1977)

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.
Click here to see answer by nerdybill(2446)

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
Click here to see answer by edjones(3291)

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?
Click here to see answer by stanbon(26249)

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
Click here to see answer by ankor@dixie-net.com(6685)

Question 148422: help me solve word problems
Click here to see answer by Alan3354(6047)

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

Click here to see answer by ankor@dixie-net.com(6685)

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