Questions on Word Problems: Money, Business and Interest answered by real tutors!

Algebra -> Algebra -> Customizable Word Problem Solvers -> Finance -> Questions on Word Problems: Money, Business and Interest answered by real tutors! Log On

Ad: Over 600 Algebra Word Problems at edhelper.com
Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!
Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!

Word Problems: Money, Business and Interest

Solvers

Lessons

Problems, free tutors

Quiz

In Depth

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 158550: The attendance at a ball game was 400 people. Student tickets cost $2 and adult tickets cost $3. If $1050 was collected in ticket sales, how many of each type of ticket was sold?
Click here to see answer by gonzo(654)

Question 158595: a TOTAL INVESTMENT OF $13.500 IS DISTRIBUTED IN TWO ACCOUNTS, ONE THAT YIELDS INTREST AT AN ANNUAL RATE OF 5%, AND THE OTHER YIELDING INTREST AT THE ANNUAL RATE OF 7%. DETERMINE HOW MUCH IS INVESTED IN EACH ACCOUNT, IF THE TOTAL INTEREST AFTER ONE YEAR IS $855.
MY ANSWER
.07 + .05(13,500-X) = 855
.07X + 675-.05X = 855
-675 -675
.02X=180
.02X/.02=180/.02
X=9000
.07 X 9000 = 630
.05(13,500 - 9000)=4500
BUT MY INSTRUCTOR SAID IT WAS WRONG COULD YOU TELL ME WHY IT IS WRONG I DON'T UNDERSTAND AND CAN'T SEE PAST WHAT I DID
THANK YOU

Click here to see answer by vleith(1977)

Question 158571: Joe slpit his $20000 bonus between two mutual funds. The ace fund earned a 6% profit during the first year,while the loser fund lost 5%. The combined result of both investments was a $340 loss. How much did Joe invest in each fund.
Click here to see answer by checkley77(7032)

Question 158570: Ed invested twice as much in a 4% bond as he invested in a 3% bond. His total yearly interest from the two investments was $770. How much did he invest in each bond?
Click here to see answer by checkley77(7032)

Question 158703This question is from textbook
: i'm looking for what my variable is to represent and how to write out the equation to the following word problem:

Mario collects a commission for bringing in advertisers to his magazine company. He receives 8% on $450 full-page ads and 5% for $300 half-page ads. If he sells twice as many half-page ads as full-page ads and his commission was $5610, how many of each type did he bring in?
thanks for the help!This question is from textbook

Click here to see answer by scott8148(3382)

Question 158736: 2. Biologists want to set up a station to test alligators in the lake for West Nile Virus. Suppose that the costs for such a station are $2,500 for setup costs and $3.00 to administer each test.
a. Write an expression that gives the total cost to test x animals.
b. You can find the average cost per animal by dividing total costs by number of animals. Write the expression that gives the average cost per animal.
c. Find the average cost per animal for 10 animals. 100 animals. 1,000 animals.
d. As the number of animals tested increases, what happens to the average cost to test the animals? Would the average cost ever fall below $3.00? If so, identify a value that supports your answer. If not, explain how you know.
e. How many animals should be tested for the average cost to be $5.00 per animal?

Click here to see answer by stanbon(26249)

Question 158733: Of the $50,000 that Natasha pocketed
on her last real estate deal, $20,000 went to charity. She
invested part of the remainder in Dreyfus New Leaders Fund
with an annual yield of 16% and the rest in Templeton
Growth Fund with an annual yield of 25%. If she made
$6060 on these investments in 1 year, then how much did she
invest in each fund?
Click here to see answer by checkley77(7032)

Question 158808This question is from textbook

: Henry paid $.80 for each bag of peanuts. He sold all but 20 of them for $1.50 and made a profit of $54. how many bags did he buy? This question is from textbook

Click here to see answer by checkley77(7032)

Question 159019: A salesperson's weekly paycheck is 25% less yjan her co-worker's paycheck. The two paychecks total $750. find the amount of each paycheck. (Round your answer to 2 decimal places.)
Click here to see answer by checkley77(7032)

Question 159115: The bridal shop has net sales of $33,000 and returns of 1/12 of gross sales. If net sales equal gross sales minus returns, find gross sales.
Click here to see answer by midwood_trail(310)

Question 159371: 1) A taxi charges $3.25 for the first mile, and then $3.00 for each mile after that. If the total charge is $13.75, then how far is the taxi ride? Write an equation representing this question. JUSTIFY AND SOLVE THE EQUATION.
2)
Click here to see answer by stanbon(26249)

Question 159433: Carlo bought a house for $175000.His realestate agent told him that houses in the neighborhood appreciate in value by $5500 annually. When could he sell the house for at least twice the purchase price?
Click here to see answer by jojo14344(1483)

Question 159499: Johnny Appleseed inherits $25,000 from his uncle and decides to invest part of it in a mutual fund which pays 7.2% annual interest and the remainder in a savings bond that pays 4.5% annual interest. If Johnny's annual interest totals $1525.95, how much did he invest in each account?
Click here to see answer by checkley77(7032)

Question 159434: A pile of bricks in the bottom row, 81 bricks in the second row, 77 bricks in the third row, and so on. There is only one brick on the top row.
How many bricks are in 13th row?
How many rows are there in the pile.
Click here to see answer by checkley77(7032)

Question 159497: Mary Poppins invests a total of $13,500 in two savings accounts. One pays 2% annual interest and the other pays 3% annual interest. If her total annual interest is $352.70, how much did she invest in each account?
Click here to see answer by jojo14344(1483)

Question 159771This question is from textbook
: How much interest will Ms. Williams earn if she invests $550 at 5% for 6 years?This question is from textbook

Click here to see answer by KnightOwlTutor(292)

Question 159772This question is from textbook
: Manny opens a saving account that earns 6% annual interest. His goal is to earn $600 interest in 5 years. How much money does he need to deposit?This question is from textbook

Click here to see answer by checkley77(7032)

Question 160031: The sales price of a car is $12,590, which is 20% off the original price. What is the original price?
Click here to see answer by nerdybill(2446)

Question 160031: The sales price of a car is $12,590, which is 20% off the original price. What is the original price?
Click here to see answer by checkley77(7032)

Question 160029: Employees of a discount appliance store receive an additional 20% off of the lowest price on an item. If an employee purchases a dishwasher during a 15% off sale, how much will he pay if the dishwasher originally cost $450?
Click here to see answer by KnightOwlTutor(292)

Question 160213: How much is one month's interest on a mortgage balance of $78,320 at a 6.75% annual interest rate?
Click here to see answer by Fombitz(2113)

Question 160211: Snow White bought a sleek mink coat from the Cinderella Collection at Macy's Department store for $7,667 at an 18% discount sale. What was the original price of the mink coat?
Click here to see answer by checkley77(7032)

Question 160210: A jeweler can buy a precious stone for $954, and wants to sell it for a profit of 28% of the selling price. What should they mark as the selling price?
Click here to see answer by checkley77(7032)

Question 160209: A sum of $37,500 is invested, part of it at 11% annual interest and the remainder at 8% annual interest. If the yearly interest from the 11% investment is $303 less than twice the interest from the 8% investment, how much is invested at each interest rate?
Click here to see answer by checkley77(7032)

Question 160212: How much interest is charged on a student loan if $7,500 is borrowed for 20 months at a 8.4% annual interest rate?
Click here to see answer by edjones(3291)

Question 160136: Suppose you invested 10,000 dollars in two stocks and the first stock increased in value by 12% while the second stock decreased in value by 8%. If your total profit was 800 dollars, then how much did you invest in each stock?

Click here to see answer by checkley77(7032)

Question 160305: Dr. Beaker invested $3000, part at 8% and the rest at 7 1/2%. The total return for one year was $231. How much was invested at each rate?
Click here to see answer by jojo14344(1483)

Question 160255: how much money will you need to deposit to earn $75 in simple interest in 6 months if you bank pays 5% annually ?
Click here to see answer by checkley77(7032)

Question 160563: You need to purchase a textbook for nursing school. The book cost $80.00, and the sales tax where you are purchasing the book is 8.25%. You have $100. How much change will you receive back?
Click here to see answer by stanbon(26249)

Question 160570: Simon arrived at work at 8:15 A.M. and left work at 10: 30 P.M. If Simon gets paid by the hour at a rate of $10 and time and ½ for any hours worked over 8 in a day. How much did Simon get paid?
Click here to see answer by KnightOwlTutor(292)

Question 160580: 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.
Click here to see answer by checkley77(7032)

Question 160569: Jim is able to sell a hand-carved statue for $670 which was a 35% profit over his cost. How much did the statue originally cost him?
Click here to see answer by checkley77(7032)

Question 160542: You need to purchase a textbook for nursing school. The book cost $80.00, and the sales tax where you are purchasing the book is 8.25%. You have $100. How much change will you receive back?
Click here to see answer by Fombitz(2113)

Question 160538: Alfred wants to invest $4,000 at 6% simple interest rate for 5 years. How much interest will he receive?
Click here to see answer by checkley77(7032)

Question 160678: I don't understand how to set up this problem in order to solve it because the book examples do not break it up the same way.
Dave invested half his money at 5%, one-third his money at 4%, and the rest of his money at 3.5%. If his total annual investment income was $530, how much had he invested?
Click here to see answer by gonzo(654)

Question 160728: The members of a flying club plan to share equally the cost of a $200,000 airplane. The members want to 5 more people to join the club so that the cost per person will decrease by $2,000. How many members are currently in the club?
Click here to see answer by Fombitz(2113)

Question 161166: Jim recently purchased 120 stamps for $33.90. If the stamps were a combintation of .23 cent postcard stamps and .37 cent first class stamps, how many of each type of stamp were bought?
Click here to see answer by nerdybill(2446)

Question 161276: solve the given formula for variable shown. state the restrictions, if any, for the formula obtained; d=m/v for v
Click here to see answer by jim_thompson5910(13785)

Question 161281: Please help me solve Three times a number increased by 44 is the same as the opposite of the number. Find the number. What is the opposite of a number?
Click here to see answer by vleith(1977)

Question 161626: please help me .A person invested $10,000. the greater part is invested at 6% and the remainder at 5%. The annual income from the greater part is $160 more then the annual income from the smaller part. What is the smaller part of the investment? Thank you very much for your help.
Click here to see answer by gonzo(654)

Question 161868: The owner of a delicatessen mixed coffee that sold for $4.50 per pound with coffee that sold for $3.00 per pound. How many pounds of each were used to make 20 pounds of a blend that would sell for $3.90 per pound?
Click here to see answer by checkley77(7032)

Question 161859: Find the selling price per pound of a coffee mixture made from 3 pounds of coffee that costs $7.20 per pound and 5 pounds of coffee that costs $4.40 per pound.
a. $5.75 per pound
b. $5.70 per pound
c. $5.45 per pound
d. $5.00 per pound
Click here to see answer by checkley77(7032)

Question 161987: A 5% tax is imposed on the gross sales of liquor. How much tax is imposed on gross sales amounting to $2500.00?
We are dealing with money and percent, before we can combine them we must work with same type of number; so lets change the percent to decimal (money number)
5% is the same as .05 (i.e. 5%/100%=5/100=.05)
Now to find the answer to this we just multiply the amount with the sales tax
2500(.05)=125.00
Click here to see answer by eperette(173)

Older solutions: 1..45, 46..90, 91..135, 136..180, 181..225, 226..270, 271..315, 316..360, 361..405, 406..450, 451..495, 496..540, 541..585, 586..630, 631..675, 676..720, 721..765, 766..810, 811..855, 856..900, 901..945, 946..990, 991..1035, 1036..1080, 1081..1125, 1126..1170, 1171..1215, 1216..1260, 1261..1305, 1306..1350, 1351..1395, 1396..1440, 1441..1485, 1486..1530, 1531..1575, 1576..1620, 1621..1665, 1666..1710, 1711..1755, 1756..1800, 1801..1845, 1846..1890, 1891..1935, 1936..1980, 1981..2025, 2026..2070, 2071..2115, 2116..2160, 2161..2205, 2206..2250, 2251..2295, 2296..2340, 2341..2385, 2386..2430, 2431..2475, 2476..2520, 2521..2565, 2566..2610