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Tutors Answer Your Questions about Money Word Problems (FREE)
Question 152830: D -92: Compounded semiannually. P dollars is invested at annual interest rate r for 1 year. If the interest is compounded semiannually, then the polynomial P(1+ r/2)2 (the r and 2 is in fraction from and the 2 outside the parentheses is a degree) represents the value of the investment after 1 year. Rewrite this expression without parentheses. Evaluate the polynomial if P=$200 and r= 10%.
I was unable to locate ISBN
Click here to see answer by mducky2(55)   |
Question 152978: can anyone help me with this, please? I am terrible at word problems.
"Ted owes $14,000 to Mary. The loan is payable in 1 year at 10%. Mary needs cast so 4 months before the loan is payable, she goes to the bank which will pay her the matuiry value of the loan less a 14% discount fee. Find the amount Mary will receive."
Click here to see answer by Earlsdon(4898) |
Question 153130: The Post Office of the Principality of the Urals (POPU) charges 23 cents per ounce plus a flat rate of 6 cents for packages mailed within the country. The privately run Package Express company (PEPU) has a delivery charge of $5.50 per package plus $1.75 for each pound. For what size packages would using PEPU instead of POPU be more economical if only the charges are considered?
Click here to see answer by stanbon(26249) |
Question 153154: Mark and Kate are establishing a fund for their son's college education. What lump sum must they deposit in an account that gives 8% annual interest rate, compounded monthly, in order for them to have $60,000 in the account at the end of 10 years?
Can anyone help me out? Please and thank you!
Click here to see answer by orca(409) |
Question 153156: I am wretched at money! Help, please!!
In order to purchase a home, a family borrows $318,000 at 7.8% for 20 years. What is their monthly payment? What is their monthly payment if they secure the loan for 15 years, rather than 20 years? How much money would they save in interest charges if they paid the loan off in 15 years, rather than 20?
Click here to see answer by ankor@dixie-net.com(6684)  |
Question 153650: Please help me solve: Susan Marciano invested part of her $18,000 bonus in a fund that paid an 8% profit and invested the rest in stock that suffered a 3% loss. Find the amount of each investment if her overall net profit was $780.
They want to know: The amount invested at 8% is:
and the amount invested in stock is:
Click here to see answer by orca(409) |
Question 153873: Cody ordered game tickets that cost $7.50 for children and $12.00 for adults. She ordered 8 more children's tickets than adults tickets. Her total bill was $138. How many of each type of ticker did she order?
Click here to see answer by galileo(7) |
Question 154978This question is from textbook
: A plumber and his assistant work together to replace the pipes in an old house. The plumber charges $45 an hour for his own labor and $25 an hour for his assistant's labor. The plumber works twice as long as his assistant labor on this job, and the labor charge on the final bill is $4025. How long did the plumber and his assistant work on this job?This question is from textbook
Click here to see answer by edjones(3291)  |
Question 156867:
3. In 2002, Home Depot’s sales amounted to $58,200,000,000. In 2006, its sales were $90,800,000,000.
a. Write Home Depot’s 2002 sales and 2006 sales in scientific notation.
You can find the percent of growth in Home Depot’s sales from 2002 to 2006, follow these steps:
• Find the increase in sales from 2002 to 2006.
• Find what percent that increase is of the 2002 sales.
b. What was the percent growth in Home Depot’s sales from 2002 to 2006? Do all your work by using scientific notation.
Click here to see answer by checkley77(7032) |
Question 158131: . If a vendor charges p dollars each for rugby shirts, then he expects to sell 2000 - 100p shirts at a tournament.
a) Find a polynomial R(p) that represents the total revenue when the shirts are p dollars each.
b) Find R(5), R(10), and R(20).
c) Use the bar graph to determine the price that will give the maximum total revenue
Click here to see answer by joey_quizan(15) |
Question 158129: . P dollars is invested at annual interest rate r for 1 year. If the interest is compounded semiannually, then the polynomial P (1+r/2)2 represents the value of the investment after 1 year. Rewrite this expression without parentheses. Evaluate the polynomial if P = $200 and r =10%.
Click here to see answer by checkley77(7032) |
Question 158234: I got this question incorrect, but I do not know what I did wrong.
Hamlet had $54,650 in sales for this week. If he is paid a 6% commission, what was he paid for the week if he received his commission and an additional $100?
My Work:
54,650(.06)= 3,279
54,650+3,279= 57,929+100=$58,029
Final Answer: $58,029
Click here to see answer by helpwithhomework(4) |
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