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

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Tutors Answer Your Questions about Money Word Problems (FREE)


Question 174746: four times a number is two less than six times the same number minus ten
Click here to see answer by Mathtut(3670) About Me 

Question 174786: A woman invested P25,000 in two business ventures, last year she made a profit of 15% from the first venture but lost 5% from the second venture. if the last years income from the two investments was equivalent to a return of 8% of the entire amount invested, how much had she invested in each venture?
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Question 174785: A woman invested P25,000 in two business ventures, last year she made a profit of 15% from the first venture but lost 5% from the second venture. if the last years income from the two investments was equivalent to a return of 8% of the entire amount invested, how much had she invested in each venture?
Click here to see answer by ankor@dixie-net.com(6685) About Me 

Question 175062: Using the five-step method solve the following:
One-third of a number is 5 less than half of the same number. what is the number?

Click here to see answer by Mathtut(3670) About Me 

Question 175217: Please help.
amount of an investment.
The amount of an investment of P dollars for t years at simple intrrest rate r is given by A=P + Prt.
Please help with rewriting the formula by factoring out the greatest common factor on the right side.
and
Find A if 8300 is invested for 3yrs at a simple intrest rate of 15%
A=8300 + (8300)3(.15)
A = 8300 + 3735.
A = 12035.00
(is this correct)

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Question 175512: at the Shake Shack two orders of fries and four shakes costs $5.90.
how many is an order of fries?

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Question 175537: Akira earns a salary of $200 a week plus 15% comission on all sales. Juanita, new to the company, has a straight commision salary of 25%.
A. Model each salary with a linear equation. Graph both equations on the coordinate plane.
B. Last week, Akira and Juanita had the same amount of sales but Juanita's salary was $100 more than Akira's, what was the amount of sales?
C. Suppose Hector, also new to the company, is offered a straight commission of 15% can he ever make as much as Akira? Justify your answer.
Please Explain all answers! I really would like to learn it. Thank You!

Click here to see answer by stanbon(26249) About Me 

Question 175576: Hi I missed this question at an employment exam. I would like to see how you would solve this: thanks!
Johnny was given x amount of money for his birthday. He spent all of that money in five stores. If he spent half of the money he had plus one dollar at every store, how much money did he originally have?

Click here to see answer by stanbon(26249) About Me 
Question 175576: Hi I missed this question at an employment exam. I would like to see how you would solve this: thanks!
Johnny was given x amount of money for his birthday. He spent all of that money in five stores. If he spent half of the money he had plus one dollar at every store, how much money did he originally have?

Click here to see answer by jojo14344(1483) About Me 
Question 175576: Hi I missed this question at an employment exam. I would like to see how you would solve this: thanks!
Johnny was given x amount of money for his birthday. He spent all of that money in five stores. If he spent half of the money he had plus one dollar at every store, how much money did he originally have?

Click here to see answer by josmiceli(3003) About Me 

Question 175604: Please help.
Venture capital. Henry invested $12,000 in a new restaurant.When the restaurant was sold two years later, he recieved $27,000. Find his average annual return by solving the equation 12,000(1+r)^2=27,000.

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Question 175605: Please help with this word problem.
While finding the amount of seed needed to plant his three square wheat fields, Hank observed that the side of one field was 1 kilometer longer than the side of the smallest field and that the side of the smallest field. If the total area of the three fields is 38 square kilometers, then what is the area of each field?

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Question 175648: Please help.
While finding the amount of seed needed to plant his three square wheat fields, Hank observed that the side of one field was 1 kilometer longer than the side of the smallest field and that the side of the largest field was 3 kilometers longer thatn than the side of the smallest field. If the total area of the three fields is 38 square kilometers,then what is the area of each field.

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

Question 175878: Billy Joe operates a website where he sells animal pelts he collects. Today, he filled 3 orders. The first one was for 4 skunk pelts, 6 squirrel pelts, and 8 raccoon pelts, and he charged them $572. The second was for 10 squirrel pelts and 10 raccoon pelts, for which he charged $370. The third order was for 45 squirrel pelts, and he charged $540 for that order. (all prices do not include any shipping charges or tax)

Use the information provided to determine how much each type of pelt (skunk, squirrel,
and raccoon) costs.

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

Question 176035: Company A charges $45 for the first half hour of work and $23 for each additional half hour of work. Company B charges $35 for the first half hour of work and $28 for each additional hour of work. For how many hours of work will the companies charge the same amount?
Click here to see answer by Mathtut(3670) About Me 

Question 176105: Billy borrowed $95 from zack three months ago. Today, Billy paid zack back $5624. What is the annual interest rate that Billy paid?
Click here to see answer by ptaylor(1578) About Me 

Question 176172: Sean earns $4.50 per hour more than his trainee, Tyrone. During an 8 hour day they earn $284. How much does sean make per hour?
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Question 176356: Free market. The equation S = 5000 + 200x and D = 9500 - 100x express the supply S and the demand D, respectively, for a popular compact disc brand in terms of its price x (in dollars).
a) Graph the equations on the same coordinate system.

b) What happens to the supply as the price increases?

c) What happens to the demand as the price increases?

d) The price at which supply and demand are equal is called the equilibrium price. What is the equilibrium price?

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Question 176415: A certificate of deposit mhas an annual rate of 6% compounded quarterly. Find the effective rate of interest. Show your work.
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Question 176414: 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 176412: A businessman invested $20,000 in an account that earns 9% interest compounded monthly. Find the future nvaluen in three years.
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Question 176564: An actor invests some money at 9%, and $32000 more than twice the amount at 12%. The total annual interest earned from the investment is $23640. How much did he invest at each amount? Use the six- step method.
Please do this step by step so I can see how you got each number.

Click here to see answer by Mathtut(3670) About Me 

Question 176578: Amy invests a part of $8000 in bonds paying 12% interest. The remainder is in a savings account at 8%. If she receives $840 in interest for 1 year, how much does she have invested at each rate? (Show the two equations you used and then your solution)
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Question 176718: Maggie makes a $9.25 purchase at a bookstore in Reno with a $20 bill. The store has no bills and gives her the change in quarters and fifty-cent pieces. There are 30 coins in all. How many of each kind are there?

please help thank you!!

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Question 176806: Mario borrows $4800 for 8.5 years at a fixed rate of simple interest. At the end of that time, he owes $8000. What interest rate is he being charged?
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Question 176847: the monthly revenue R of a certain company is given by R = 800P -7P^2,where P is the price in dollars of the product they manufacture.At what price will be revenue be $10000 if the price must be greater than $50.
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Question 176912: Tropical pods sells an above ground model for p dollars each. The monthly revenue for this model is given by the formula. R(p)=-0.08p^2+300p
Revenue is the product of the price p and the demand (quality sold).
A). Factor out the price on the right hand side of the formula
B). Write a formula D(p) for the monthly demand.
C). Find D(3000)

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Question 177203This question is from textbook introductory and intermediate algebra
: This is my problem: Part of $34,000 is invested at an interest rate of 8% and the rest at an interest rate of 10%. if the total interest earned in 1 year was $3000, how much was invested at each rate?
I'd like to know what the equation is and how to solve it...
Thanks
-Tom
This question is from textbook introductory and intermediate algebra

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Question 177215: Question 1-- Use contionous Interest Formula to find indicated value.
P=8,000
R=7.23%
T= 7years
Solve this for A
Ouestion 2-- A company pays 4% compound semiannually. You want to have 24,000 in the future. How much should you deposit now to have the 24,000 5 years from now.
Ouestion 3-- How much will 9,000 be worth 18years if it is investee at 7.5% compounded quartely.



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Question 177228This question is from textbook college algebras
: thank you in advance for help with this problem. I am not getting it right but would like to know where I am going wrong. Thanks $600 for 10 years at 8.5% compounded annually.
I set it up like this A=600(1+.085)^10
and I end up wiht 656 I know the answer is 1356$ annually. Thank for showing me where I am going wrong.
This question is from textbook college algebras

Click here to see answer by gonzo(654) About Me 
Question 177228This question is from textbook college algebras
: thank you in advance for help with this problem. I am not getting it right but would like to know where I am going wrong. Thanks $600 for 10 years at 8.5% compounded annually.
I set it up like this A=600(1+.085)^10
and I end up wiht 656 I know the answer is 1356$ annually. Thank for showing me where I am going wrong.
This question is from textbook college algebras

Click here to see answer by Earlsdon(4898) About Me 

Question 177231This question is from textbook college algebras
: Ok I am still struggling with what I am doing wrong. The problem is $8000 for 10 years at 10.5% compounded quarterly. This is how I set it up and worked it. Please tell me what I am doing wrong or out of order.
8000(1+.105/4)^4(10)
8000(1.02)^40
17664.31$
I first divided .105/4
and have tried both mulitplying this by 8000 and then by the power and vice versa. The answer is 22553.65$ I appreciate your help.
This question is from textbook college algebras

Click here to see answer by gonzo(654) About Me 

Question 177262This question is from textbook college algebras
: What rate of interest, to the nearest tenth of a %, compounded annually is needed for an investment of $200 to grow to $350 in 5 years?
Thank you in advance for helping me set this up and compute the answer.
This question is from textbook college algebras

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Question 177263This question is from textbook college algebras
: Thank you in advance for helping me set this up and solve. Find the effective yield, to the nearest tenth of a percent, of an investment at 7.5% compounded monthly.This question is from textbook college algebras

Click here to see answer by stanbon(26249) About Me 
Question 177263This question is from textbook college algebras
: Thank you in advance for helping me set this up and solve. Find the effective yield, to the nearest tenth of a percent, of an investment at 7.5% compounded monthly.This question is from textbook college algebras

Click here to see answer by delta123(1) About Me 

Question 177591This question is from textbook College Algebra
: Tara paid one-half of her game-show winnings to the government for taxes. She invested one-third of her winnings in Jeff's copy shop at 14% interest and one-sixth of her winnings in Kaiser's German Bakery at 12% interest. If she earned a total of $4000 on the investments in one year, then how much did she win on the game show?This question is from textbook College Algebra

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Question 177857: Sandy has 3.25 in change. She has five more dimes than quarters but twice as many nickels as dimes. Eecpress th given information as an algebraic exprssion and simplify.
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Question 177882: 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 ata simple interest rate of 15%. I need help please. I do not understand this problem. Thanks, Judy

Click here to see answer by MathTherapy(336) About Me 

Question 178134: I am stumped! I have been at this math problem for what seems like hours. I would really like it if you can help me out. The answer may be so easy to get, but I just can't figure it out. Please help.

The word problem is as followed:
A computer store sold a total of 300 items last month. The store sold six times as many hard drives as they did CD ROM drives, and half as many floppy drives as hard drives. Based on this information how many of each item was sold?


Thanks so much .. your help is greatly appreciated!

Click here to see answer by gonzo(654) About Me 
Question 178134: I am stumped! I have been at this math problem for what seems like hours. I would really like it if you can help me out. The answer may be so easy to get, but I just can't figure it out. Please help.

The word problem is as followed:
A computer store sold a total of 300 items last month. The store sold six times as many hard drives as they did CD ROM drives, and half as many floppy drives as hard drives. Based on this information how many of each item was sold?


Thanks so much .. your help is greatly appreciated!

Click here to see answer by Mathtut(3670) About Me 

Question 178240: please help me solve this word problem
High-risk funds. 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 Alan3354(6046) About Me 
Question 178240: please help me solve this word problem
High-risk funds. 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 josmiceli(3003) About Me 

Question 178291: I need some help with this problem. I have worked it several diffrent ways and can not come up with the answer.
If $2000 is invested at 10% simple annual interest, how much should be invested at 12% annual simple interest so that the total yearly income from both investments is $5000?
THis is the way I tried it
.12x+.1(2000-x)=5000
.12x+200-.1x=5000
.02x+200=5000
-200 -200
.02x=4800
x=240,000
I know that is not the correct answer because of the value.
Any help with this is greatly appreciated!!

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Question 178315This question is from textbook Math its Power and Utility
: Please help me, I have been trying to solve this for 2 days.
Jerry has just received an inheritance of $50,000, and he would like to use it to help him with his retirement. Since Jerry is 25 years old, he figures that the $50,000 can be invested for 40 years before he will need to use it for retirement. Jerry wants to know what interest rate would be necessary for the $50,000 to grow to provide an amount so that he can have a monthly income of $4,000 earned from the interest only. Assume that Jerry is able to invest in real estate and can earn a 12% return on his investment.

I=Prt; first I found out the amount Jerry would have after 40 years at 12% interest.
I=50000.00(.12)(40)
I=240,000.00
Then I took the 240,000.00 and used the same formula: I=Prt
4000.00=240,000.00(r)(1/12)
12*4000.=240,000.00(r)(1/12)*12
48000.00=240,000.00r (divide both sides by 240,000.00
I=.20 or 20%
I am doing this class online and so when I input the answer it tells me if the answer is correct or not. I don't understand what I am doing wrong. PLEASE HELP ME I AM DESPERATE AT THIS POINT!!!! Thank you so much in advance!!

This question is from textbook Math its Power and Utility

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Question 178347This question is from textbook
: Macy of New York sold Marriott of Chicago office equipment with a $6,000 list price. Sale terms were 3/10, n/30 FOB New York. Macy agreed to prepay the $30 freight. Marriott pays the invoice within the discount period. What does Marriott pay Macy?
Marriott pays Macy $
This question is from textbook

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