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: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!
Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!

Word Problems: Money, Business and Interest

Solvers

Lessons

Problems, free tutors

Quiz

In Depth

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 182329: The total amount of interest on a loan of $6000. for 150 days is $210.50. Using the ordinary interest method what is the rat of interest on the loan rounded to the nearest hundredth?
Click here to see answer by Mathtut(3670)

Question 182418This question is from textbook Algebra 1

: This is from a book. Marta has $6000 to invest. She puts X dollars of this money into a savings account that earns 3% per year, and with the rest, she buys a certificate of deposit that earns 6% per year. Write an equation for the total amount of money T Marta will have after one year.
I tried this.
T = 6000X (3%) + (6000- 180x)(6%)
6000X (.03)
180X + (360-10.8X)
Thanks for the helpThis question is from textbook Algebra 1

Click here to see answer by stanbon(26249)

Question 182418This question is from textbook Algebra 1

Click here to see answer by Mathtut(3670)

Question 182488: Helen invested $10,000 in an account that pays 10% simple interest. How much additional money must be invested in an account that pays 13% simple interest so that the average return on the two investments amounts to 11%?
Click here to see answer by HyperBrain(694)

Question 182828: A nontoxic floor wax can be made by combining lemon juice and food grade linseed oil. The amount of oil should be twice the amount of lemon juice. How much of each ingredient is needed in order to make 32oz of floor wax?
Click here to see answer by Mathtut(3670)

Question 182788: you have gooten a 5% annual raise during each of the past 2 years. If you now earn $24,806.25, what was your salay two years ago?
Click here to see answer by checkley77(7032)

Question 183019This question is from textbook saxon algebra 2
: A mass of iodine-131 atoms decays in such a way that half decay every 8 days. What portion of the original mass remains after 32 days?This question is from textbook saxon algebra 2

Click here to see answer by vleith(1977)

Question 183070This question is from textbook College Algebra a Graphing Approach
: 1.6 #84
Consumre Awareness. The suggested trtail price of a new car is p dollars. The dealership advertised a factory rebate of $1200 and an 8% discount.
a. Write a function R in terms of p giving the cost of the car after receiving the rebate from the factory.
b. Write a function S in terms of p giving the cost of the car after receiving the dealership discount.
c. Form the composite functions (R o S)(p) and (S o R)(p) and intercept each.
d. Find (R o S)(18,400) and (S o R)(18,400. Which yields the lower cost for the car? ExplainThis question is from textbook College Algebra a Graphing Approach

Click here to see answer by stanbon(26249)

Question 182937: Please help me: a candy company is going to test market 1 kg packages each containing 3 kinds of candy the company plans to prepare 10,000 packages each will contain mints that sell for $2.20 per kg caramels that sell for $3.00 per kg and toffee that sells for $3.20 per kg marketing says that they must use twice as many caramels as toffee in each package the cost will be $2.72 per kg to break even how many total kg of mints will they need for the 10,000 packages
Click here to see answer by scott8148(3382)

Question 183125This question is from textbook
: Mr.adams will be serving 20 people at a barbeque. He plans to make two hamburgers for each person. Mr. Adams spent $27.00 at the store on meat, which sells for $2.25 per pound. If Mr.Adams wants to make all the hamburgers the same size, what will be the size, in pounds of each hamburger?This question is from textbook

Click here to see answer by stanbon(26249)

Question 183150: Please explain the steps solve this problem:

The price of unleaded regular gasoline varies with the price per barrel of oil on the world market. When oil was selling for $30 per barrel I paid $1.25 per gallon for gasoline. When oil was selling for $140 per barrel, I paid $4.00 for a gallon of gasoline.
Click here to see answer by Mathtut(3670)

Question 183213: Sam found a number of nickels,dimes, and quarters in his room. He found three more dimes than nickels, but twice as many quarters as dimes. The total value of the coins was $5.05. How many coins of each type did Sam find? Please show me the steps you took to get your answer; I am totally lost!
Click here to see answer by josmiceli(3003)

Question 183385: A collection of loonies, toonies, and quarters has a value of $25.50. There is one more looney than there are toonies, and there are twice as many quarters as toonies. How many of each kind of coin are in the collection?
Can you please help me?
Click here to see answer by stanbon(26249)

Question 183387: After selling tickets at school, Jeff had $6.00 in dime and quarters. If Jeff had 39 coins in total, how many of each coin did he have?
Can you help me with this?
Click here to see answer by stanbon(26249)

Question 183853: A coin bank contains nickels, dimes, and quarters totaling $5.45. If there are twice as many quarters as dimes and 11 more nickels than quarters, how many of each coin are in the bank?
Click here to see answer by stanbon(26249)

Question 184253: a collection of dimes and nickels contains 37 coins and has a total value of $2.85.how many of each coin are there in the collection?
Click here to see answer by checkley77(7032)

Question 184172: Anne borrows $1000 and agrees to pay $100 plus 1% interest if 1% on the unpaid balance each month. Find the payments for the first 6 months and the remaining debt at the end of this period.
Click here to see answer by edjones(3291)

Question 184260: I have a circular diagramme. I draw the first sector,then the second one which is 2 times bigger than the fist one ,and so on, to finally divide the whole diagramme. If we double the previos sector 6 times, find the value of the angle at the middle of the inital sector. PLEASEEEEEEEEEEEEEEE HELPPPPPPPPPPPPPPPP PLEASEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE HELPPPPPPPPPPPPPPPPPPP
Click here to see answer by stanbon(26249)

Question 184424: In quebec, we have to pay 2 taxes.Federale taxe:6%. Qucebec tave:7,5%.Why are these 2 combined taxes give a pecentage of 13,95% and not 13,5%?????????? PLESEEEEEEEEEEEEEEEEEEEEEE EXPLAINNNNNNNNNNN !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Click here to see answer by ankor@dixie-net.com(6685)

Question 184422: Every ear,we return 12% of a sum of money without an intersest. if after 5 years, we still have 1400 $ to pay,what sum of money did i borrow?? PLEASEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE HELPPPPPPPPP !!!!!!!!!!
Click here to see answer by ankor@dixie-net.com(6685)

Question 184515This question is from textbook Business Mathematics
: Find the cost to a retailer of a wide-screen TV listed at $989.99 less a trade discount of 35%.
a) $643.49
b) $989.64
c) $14,025.00
d) None of theseThis question is from textbook Business Mathematics

Click here to see answer by kailuen(7)

Question 184685: Scott invests $1260 more at 8% than he invests at 12%. The interest from the two investments is the same. How much did he invest at 8%?
Click here to see answer by stanbon(26249)

Question 184711: What Is The Interest On $38,925.00 For One(1)Year At 5 1/2 Percent Interest?
Click here to see answer by stanbon(26249)

Question 184883: Marcus is inventing a new cookie recipe. He'd like the recipe to contain both walnuts and gourmet chocolate chip chunks. Walnuts sell for $2.40 per pound and gourmet chips sell for $3.00 per pound. How many pounds of walnuts should be mixed with 3 pounds of gourmet chips to obtain a mixture selling for $2.58 per pound?
Click here to see answer by josmiceli(3003)

Question 184940: suppose you can spend $10 dollars every minute,night and day. how much could you spend in a year(assume there are 365 days in a year)
Click here to see answer by checkley77(7032)

Question 185098: Sean mows his half of hte yard in 30 minutes. His brother takes 50 minutes. If they each had their own lawn mower and worked together, how long would the job take?
Click here to see answer by stanbon(26249)

Question 185107This question is from textbook Experiencing Introductory & Intermediate Algebra
: E-Z-R Loan Agency writes a loan agreement stipulating that $1308 is to be paid for a simple-interest loan for one year at 9%. How much is being borrowed? How much interest is being paid on the loan?This question is from textbook Experiencing Introductory & Intermediate Algebra

Click here to see answer by solver91311(5070)

Question 185096: Betsy has twice as many dimes as nickles and one more penny than nickels. Together she has $1.31. How many of each coin does she have?
Click here to see answer by edjones(3291)

Question 185117: A cashier has 30 bills, all of which are $10 or $20 bills. The total value of the money is $330. How many of each type does the cashier have?
Click here to see answer by J2R2R(44)

Question 185198: We are standing on a roof and we throw a ball from a certain height.The height of the bounce of the ball is equal to 70% of the height from where we threw it.
If the height of the third bounce is 10.29m., at what height are we standing>????????????????????????????????? PLZZZZZZZZZZZZZZZ HELPPPPPPPPPPP !!!!!!!!!!!!! I ReALLY NEED HELPPPPPPPPPPPPPPPPPP !!!!!!!!!!
Click here to see answer by vleith(1977)

Question 185214: 1.It is 12pm.2 people are fishing.If Benoit gives 2 of his fishes to Amelie,she will have 2 times more fishes than him. If Amelie gives 4 fishes to Benoit,he will have the same amount of fishes.How many fishes does each have ??

2.It is 4pm.If benoit gives 8 of his fishes to Amelie,she will have 3 times more fishes than him.If Amelie gives the 1/5 of her fishes to Benoit,they willhave the same amount.Howmany fishes do the have?? PLESEEEEEEEEEEEEEE HELPPPPPPPPPPPPPPPPPP WITH THIS ONE !!!!!!!!!!!!!!!!!!!!!!!!! THANK YOU SOOOOOOOOOOOOOOOO MUCHHHHHHHHHHHHHHH !!!!!!!!!!!!!!!! OH GOD !!!!!!!!!!!!
Click here to see answer by solver91311(5070)

Question 185215: 1.It is 12pm.2 people are fishing.If Benoit gives 2 of his fishes to Amelie,she will have 2 times more fishes than him. If Amelie gives 4 fishes to Benoit,he will have the same amount of fishes.How many fishes does each have ??

2.It is 4pm.If benoit gives 8 of his fishes to Amelie,she will have 3 times more fishes than him.If Amelie gives the 1/5 of her fishes to Benoit,they willhave the same amount.Howmany fishes do the have?? PLESEEEEEEEEEEEEEE HELPPPPPPPPPPPPPPPPPP WITH THIS ONE !!!!!!!!!!!!!!!!!!!!!!!!! THANK YOU SOOOOOOOOOOOOOOOO MUCHHHHHHHHHHHHHHH !!!!!!!!!!!!!!!! OH GOD !!!!!!!!!!!!
Click here to see answer by stanbon(26249)

Question 185426This question is from textbook
: Wilma wants to have $2,000,000 when she retires in 45 years. Assuming that she can average 4.5% return annually in Treasury Bills, then how much must she invest now in Treasury Bills to achieve her goal?This question is from textbook

Click here to see answer by checkley77(7032)

Question 185848: Dave Salcedo has $40,000 to invest. He invests part of it at 5%, one-fourth of this amount at 6%, and the rest of the money at 7%. His total annual interest income is $2530. Find the amount invested at each rate.
Click here to see answer by ankor@dixie-net.com(6685)

Question 186222: the material cost of a medical gadget is $4 less than twice the cost of the direct labour and the overhead is 5/6 of the direct labour cost. the total cost of the gadget is 157$ what is the amount of each of the three elements of cost?? "i had a hard time figuring this out and i have a lot of questions like this in college. Can you please show me all the steps thank you
Click here to see answer by ankor@dixie-net.com(6685)

Question 186609: a company makes both LCD and CRT color monitors. the cost of materials for a CRT monitor is $50, whereas the cost of materials for a LCD monitor is $150. cost of labor to make a CRT monitor is $80, whereas the cost of labor to make an LCD monitor is $130. during a week when the company has budgeted $9600 for materials and $8760 for labor, how many LCD monitors does the company plan to make?
Click here to see answer by dukesmart(20)

Question 186610: i need help with the following word problem:
a museum charges $10 for a regular admission ticket, but members recieve a discount of $3 and students are admitted for $5. Last saturday, 750 tickets were sold for a total of $5400. if more 20 student tickets than regular tickets were sold, how many of each type of ticket were sold?
thanks!
Click here to see answer by ankor@dixie-net.com(6685)

Question 187174: a business invests $8,000 in a savings account for 2 years. at the beginning of teh second year, an additional $2500 is invested. At the end of the second year, the account balance is $ 11445. What was the annual interest rate?
So far I used the compounding interest formula where I = P(1 + r)^t
for the 1 st year's interest = (8000 + 8000r)
and for the second year's interest was (1st year's interest + [(8000+2500) + (8000r)(1 + r)^1] = total income after two years of 11445.
to set up my quadratic equation I combined like terms
8000 + 8000r + [(10500 + 8000r)(1 + r)] = 11445
8000 + 8000r + [10500 + 8000r + 10500r + 8000r^2] = 11445
combining terms 18500 + 26500r + 8000r^2 = 11445
or 8000r^2 + 26500r = 11445 - 18500 or -7055
8000r^2 + 26500r + 7055 = 0
at this point I get stuck because the numbers are too high in order to effectively use the quadratic formula to solve for r
I believe the answer is .05 or 5% annual interest rate..can you show me how you worked through the quadratic formula...
Thank you very much!
Kerry
Click here to see answer by jim_thompson5910(13785)

Question 187406: A salesperson has two job offers. Company A offers a weekly salary of $200 plus commission of 10% of sales. Company B offers a weekly salary of $400 plus commission of 5% of sales. What is the amount of sales at which company A's offer is the same as company B's?
Click here to see answer by solver91311(5070)

Question 187539: The principal is borrowed and the loans future value, A, at the time t is given. Determine the loans simple interest rate, to the nearest tenth of a percent.
P=$2000,A=$2150,t=1year
Click here to see answer by Mathtut(3670)

Question 187540: A=$6000,r=8,t=2years
Click here to see answer by Mathtut(3670)

Question 187540: A=$6000,r=8,t=2years
Click here to see answer by checkley77(7032)

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