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Word Problems: Money, Business and Interest

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Question 170071: A manager receives a monthly salary of $2900.00. Use the tax rates of 6.2% for social security and 1.45% for medicare. Find the social securty tax and the medicare tax to be deducted from one month's paycheck
Click here to see answer by checkley77(7032)

Question 170065: A saleperson receives 6% commission. Find the saleperson's gross pay for sales totaling $145,000.
Click here to see answer by checkley77(7032)

Question 170155: a sum of $3600 together with the interest earned is left for 3 years in a bank that pays an interest rate of 6% compounded annually. How much interest is earned (to the nearest cent)?
Click here to see answer by stanbon(26249)

Question 170358: 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 Templetion Growth Fund with an annual yield of 25%. If she made $6060 on these ivestments in 1 year, then how much did she invest in each fund?
Click here to see answer by Mathtut(3670)

Question 170360: Consecutive even integers find four consecutive even intergers whose sum is 340
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Question 170396: Sarah invested $5000 in two funds, paying 7% and 9% annual interest respectively. If the total interest earned for the year was $375, how much was invested at each rate?
Click here to see answer by stanbon(26249)

Question 170428: I am coming up with crazy answers to this question. Please help me get the right answer. There are 32,000 fans at a football game. The total of ticket sales was #272,000. How many fans paid for reserved tickets for $14 and how many got general adission for $6.00 a ticket?
Click here to see answer by jim_thompson5910(13785)

Question 170114: Tom, a graduate student, is considering investing $500 now, when he is 23, or waiting until he is 40 to invest $500. How much more money will he have at the age of 65 if he invests now given that he can earn 5% interest compounded quarterly?
Click here to see answer by jojo14344(1483)

Question 166824: a deli charges $3.80 fro a breakfast of three eggs and four strips of bacon. the charge is $2.75 for two eggs and three strips of bacon. find the cost of each egg and the cost of each strip of bacon.
Click here to see answer by grnkbul(2)

Question 170507: In baseball a player's batting average is the ratio of hits to the number of times he or she has batted. Thus, if the player has an average of .300, it means he or she got 300 hits in 1000 at bats. In order to have an average of .3000, how many hits would the batter have to get in 400 times at bat.
Click here to see answer by josmiceli(3003)

Question 170505: An investment of 1500 paid interest of $45 during a certain period. How much interest would an investment of $2000 invested at the same rate for the same lenght of time pay?
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Question 170912: Joe bought a used motorcycle for $600. He spent $54 fixing it. He advertised the bike for sale for 70% more than he paid originally. The bike didn't sell so he marked the price down 20%. The bike sold. How much money did Joe make?
Click here to see answer by Mathtut(3670)

Question 170900: Joe bought a used motorcycle for $600. He spent $54 fixing it. He advertised the bike for sale for 70% more than he paid originally. The bike didn't sell so he marked the price down 20%. The bike sold. How much money did Joe make?

THANK YOU SO MUCH!
Click here to see answer by Mathtut(3670)

Question 171226: A businessman invested $20,000 in an account that earns 9% interest compounded monthly. Find the furture value in three years.

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Question 171228: how much money should Sheila invest in an account that earns 8% annual interest compounded monthly in order to have $4,000 in 5 years.
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Question 171468: Karen took out a 30,000, 90-day loan at an annual interest of 8.5%.
Find the simple interest due on the loan using the ordinary method.
Click here to see answer by Mathtut(3670)

Question 171293: The following invoice is dated dated August 15. The invoice is paid on August 20. Calculate the total list price of 5125.00. in trade discount, net discount,cash discount and the amount paid. The trade discount offered is 10/5, and the cash terms offered are 2/10, n/30.
Click here to see answer by jojo14344(1483)

Question 171467: A certficate of deposit has an annual rate of 6% compounded quarterly. Find the effective rate of interest.
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Question 171519: On the day she was born, a girl's parents invested $2000 in a bank to save for her college education. At 6 1/4% interest compounded annually, how much will have accumulated by her eighteenth birthday?
Click here to see answer by Alan3354(6044)

Question 171715This question is from textbook
: I got three different answer can someone please put me on the right track
thank you in advance.

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 in interest. How much was invested at 8%?
This question is from textbook

Click here to see answer by stanbon(26249)

Question 171759: If $1,500 is deposited in a savings account paying 5% compounded quarterly, how long will it take the accoun to increase to $2,000.
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Question 171751: Denise, Evelyn and Fran work at a convenience store. They earn a hourly rate of $8. In one week , Denise worked 4 hours more the Evelyn whereas Fran worked 9 hours less than Denise. Together, they earned a total salary of $856. What was Fran's salary that week?
Click here to see answer by checkley77(7032)

Question 171870This question is from textbook Algebra and Trigonometry: Structure and Method-Book 2

: Lina Chen invested $24,000, part at 8% and the rest at 7.2%. How much did she invest at each rate if her income from the 8% investment is two thirds that of the 7.2% investment?This question is from textbook Algebra and Trigonometry: Structure and Method-Book 2

Click here to see answer by Mathtut(3670)

Question 172168: a bank teller is counting his money and notices that he has an equal number of tens and twenties and $147 in other bills. if the total value of the bills he has is 1,167, how many tens and twenties does he have
Click here to see answer by ankor@dixie-net.com(6684)

Question 172638This question is from textbook
: Ineed your help once again I try own my own and my answer are looking craazt help is needed. Thank you so much
Steve traveled 200 miles at a certain speed. Had he gone 10mph faster, the trip would have taken 1 hour less. Find the speed of his vehicle
can you show me this one too.
The Hudson River flows at a rate of 3 miles per hour. A patrol boat travels 60 miles upriver, and returns in a total time of 9 hours. What is the speed of the boat in still water?
This question is from textbook

Click here to see answer by Mathtut(3670)

Question 172637This question is from textbook
: please help me out with this problem
A business invests $10,000 in a savings account for two years. At the beginning of the second year, an additional $3500 is invested. At the end of the second year, the account balance is $15,569.75. What was the annual interest rate? This question is from textbook

Click here to see answer by Mathtut(3670)

Question 172635This question is from textbook
: Can someone please help me I came up with three crazy answer. thank you

A rectangular garden has dimensions of 18 feet by 13 feet. A gravel path of uniform width is to be built around the garden. How wide can the path be if there is enough gravel for 516 square feet?
This question is from textbook

Click here to see answer by ankor@dixie-net.com(6684)

Question 172697: a orginal investment of 55,000 in three years earns 65,000 what is the simple interest rate? P=Prt/ I=Prt?
Click here to see answer by jojo14344(1483)

Question 173083This question is from textbook College Algebra

: Cookbook Royalties Latasha Williams earned $48,000 from royalties on her cookbook. SHe paid a 28% income tax on these royalties. The balance was invested in two ways, some of it at 3.25% interest and some at 1.75%. The investments produced $904.80 interest per year. Find the amount invested at each rate.This question is from textbook College Algebra

Click here to see answer by checkley77(7032)

Question 173357: Mr. Roberts invested $28,000, part at 18% and part at 9%. If the total interest at the end of the year is $3,240, how much did he invest at 18%??
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Question 173671: Jim has a total of 50 coins. Some are nickels and some are dimes. Altogether he has $4.15. How many dimes does he have? How many Nickels? show your work using algebra and the fiv step method.
Click here to see answer by checkley77(7032)

Question 174271: Venture capital. 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)2nd power =27,000.
Click here to see answer by solver91311(5068)

Question 174366: cameron invested three times as much money at 7.95% as he invested at 6.5%
if his yearly simple intrest is $282.26, howmuch money was invested at 6.5%
Click here to see answer by Mathtut(3670)

Question 174221: An investment company owns a 10-year, 6% simple interest note that has a face value of $50,000. A bank agrees to purchase the note 3 years before it is due by discounting it a 9%. Find the maturity value of the note, the discount, and the proceeds.
Click here to see answer by Mathtut(3670)

Question 174220: a businesswoman signs a 120-day, 9% simple interest note of $40,000 on May 25. Find the maturity date of the note and the maturity value of the note using ordinary method.
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Question 173964: An investment company owns a 10-year, 6% simple interest note that has a face value of $50,000. A bank agrees to purchase the note 3 years before it is due by discounting it at 9%. Find the maturity value of the note, the discount, and the proceeds.
Click here to see answer by Mathtut(3670)

Question 174409: An investment of $10,000 in the Emerging Country Debt Fund in 2001 was worth $24,780 in 2006 (www.money.com). Find the 5-year average annual return.
I am so lost
Click here to see answer by Mathtut(3670)

Question 174473: A stamp collection consists of 3, 8 and 15 cent 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.
I can not figure out the formula to work this problem. Can you please explain.
Thanks
Click here to see answer by stanbon(26249)

Question 174701: Melinda Bowen receives an annual amount of $234.50 from investing one amount of money at 6% and another amount at 5%. If the investments were interchanged, her income would increase by $5.10. Find the amounts she invested.
Click here to see answer by stanbon(26249)

Question 174712This question is from textbook California Algebra 2
: 62. Mrs. Chavez invested $6000. She invested the money in two accounts-one with a 4% simple interest and the other with a 6% simple interest. At the end of the year, the total amount she earned in interest was $320. How much did Mrs. Chavez invest in each account?This question is from textbook California Algebra 2

Click here to see answer by Mathtut(3670)

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