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 187524: Solve the problem: Joe has a collection of nickels and dimes that is worth $6.00. If the number of dimes was doubled and the number of nickels was increased by 6, the value of the coins would be $9.90.
How many dimes does he have?

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Question 187625: Car rental agency A will rent a compact car for $35 per day and an additional charge of $0.24 per mile. Car rental agency B will charge only $0.16 per mile but charges $41 per day. If Adam wanted to rent a car for three days, how many miles would Adam have to drive to make car rental agency B a better bargain?
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Question 187625: Car rental agency A will rent a compact car for $35 per day and an additional charge of $0.24 per mile. Car rental agency B will charge only $0.16 per mile but charges $41 per day. If Adam wanted to rent a car for three days, how many miles would Adam have to drive to make car rental agency B a better bargain?
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Question 187672: To predict averge salary for 2005? 1991 $ 275000 and 2001 $1470,000
I also need to know the average salary for 2010? by using 2001 and 1991 amounts

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Question 187643This question is from textbook College Algebra A Graphing Solution
: I'm not sure how to do this problem. Thanks for your help.
#74. Production
An electronics company has fixed costs of $25,000 per month and a variable cost of $18.65 per 13 inch tv/vcr combination manufactured. (Fised costs are those that occur regardless of the level of production)
a) Write the total monthly costs C as a funciton of the number of units x produced.
b) Use a graphing utility to graph the cost funciton.
c) Use the graph from part b to approximate the number of units that can be produced per;month if total costs cannot exceed $200,000. Verify algebraically. Is this problem better solved algebraically or graphically? Explain.
This question is from textbook College Algebra A Graphing Solution

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Question 187781: 4217.9 ROUND TO TWO DECIMAL PLACES
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Question 187936: "Find the difference between the simple interest and the compound interest that would be earned from $1,000 invested for 2 years at 5%."
Please show your work so I can understand. I dont know how to solve this problem and I've been stuck on it for a while so please help me if you can.
Thank you

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Question 188039: Please help me sovle this i am totally stuck. Please and thank you.
Andie received a bill from her mechanic for $258. If she pays the bill early, she recives a 5% discount off the total. How much would Andie have to pay if she pays the bill early?

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Question 188191: A high school class wants to raise money by recycling newspapers. The class decided to rent a truck at a cost of $150 for the week. The market price for recycled newspapers is $15 per ton. Write an equation representing the amount of money the class will make based on the number of tons of newspapers collected.
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Question 188264: Find the total simple interest on $6,000.00 invested at 9% for 5 years.
I am very rusty in this area, and am not sure how to figure it out. Thank you! Jessica

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Question 188262: Find the total simple interest on $6,000.00 invested at 9% for 5 years.
I do not remember how to work with percentages or how to figure out these sort of problems. Thank you! Jessica

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Question 188371This question is from textbook An Applied Approach
: Two investments earn an annual income of $575. One investment earns an annual simple interest rate of 8.5%, and the other investment earns an annual simple interest rate of 6.4%. The total amount invested is $8,000. How much is invested in each account?This question is from textbook An Applied Approach

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Question 188416: Someone invests some money at 7% and 39000 more than 3 times the amount at 7%. The total interest earned is 39050. How much was invested at each amount? Thanks for any help.
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Question 188447: "A merchant purchased $10,000 worth of computer equipment and sold it at a 70% markup. If his other expenses came to $4,000, what was his profit?"
I'm not sure how to solve this so please show your work so I can understand.
Thank you :)

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Question 188472: "Find the difference between the simple interest and the compound interest that would be earned from $1,000 invested for 2 years at 5%."
I asked this question a few days ago, but I dont understand the answer that was given. So if anyone can explain it better that would be great.
Thank you (and sorry for having to ask it twice)
Answer given: 1,000(1+.055)^2
1,000(1.055)^2
1,000*1.113=$1,113.03 amount of the investment after 2 years.

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Question 188472: "Find the difference between the simple interest and the compound interest that would be earned from $1,000 invested for 2 years at 5%."
I asked this question a few days ago, but I dont understand the answer that was given. So if anyone can explain it better that would be great.
Thank you (and sorry for having to ask it twice)
Answer given: 1,000(1+.055)^2
1,000(1.055)^2
1,000*1.113=$1,113.03 amount of the investment after 2 years.

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Question 188494This question is from textbook
: A group of students agreed that each would chip in the same amount to pay for a party that would cost $100. Then they found 5 more students interested in the party and in sharing the expeneses. This decreased the amount each had to pay by $1. How many students were involved in the party and how much idid each student have to pay?
thanks again
This question is from textbook

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Question 188523This question is from textbook
: A retailer bought a number of special mugs for $48. She decided to keep two of the mugs for herself but then had to change the price to $ 3 a mug above the original cost per mug. If she sells the remaining mugs for $70, how many mugs didi she buy and at what price per mug did she sell them?
Thanks
This question is from textbook

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Question 188524This question is from textbook
: Tony bought a number of shares of stock for $720. A month later the value of the stock increased by $8 per share, and he sold all but 20 shares and received $800. How many shares did he sell and at what price per share?
thanks
This question is from textbook

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Question 188476: A manufacturer finds that the revenue generated by selling x units of a certain commodity is given by the function R(x)= 240-0.4x^2 , where the revenue R(X) is measured in dollars. What is the maximum revenue? And how many units should be manufactured to obtain this maximum?
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Question 188298This question is from textbook Teaching Textbook
: Annie-Sophie invested some of her $20,000 in bonds that made an 8% profit and the rest in bonds that made a 7% profit. If the profit on the 8% bonds was $700 more than the profit on the 7% bonds, how much did Anne-Sophie invest in the 7% bonds?This question is from textbook Teaching Textbook

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Question 188665: A pair of cuff links was marked up $225 from cost, which amounts to a 50% increase. Find the original cost of the pair of cuff links
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Question 188668: Elaine was charged $195 interest for 1 month on a $1000 credit card balance. What was the monthly interest rate?
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Question 188831: John has $10,220 to invest. He invests part of his money in a CD at 5% interest and the rest in a savings account at 3.5%. If he earns $442.60 after on year, how much was invested in each account?
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Question 189004This question is from textbook saxon algebra 2
: A savings account earns interest at an annual rate of 5%, compounded continuously. If the account begins with a value of $2000, what will its value be after 4 years?
A=Pe^rt
A=(2000)e^(0.05)(4)
A=?
When I type this into my calculator, I know I'm getting the wrong answer.
Can someone please help!
This question is from textbook saxon algebra 2

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Question 188911: The marketing department at the John Deere company has found that the revenue from the sales of heavy-duty tractors is a function of the unit price, p, in dollars If the revenue, R is given by
R(p) = - p2 + 1900p

What unit price should be established in order to maximize revenue? (use the vertex formula.)

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Question 189171: I am starting a new job. They said they will pay me $650 on the 15th and the 30th of every month.I would make $1300 a month. There are different number of days in each month. How do I know what I make daily of each month?
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Question 189313: Mark has 56 coins totalling $7.10. If he has only dimes and quarters, how many of each coin does he have?
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Question 189312: A total of 925 tickets were sold for $5,925. If adult tickets cost $7.50, and children's tickets cost $3.00, how many tickets of each kind were sold?
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Question 189504: A shopkeeper buys an article for 38 dollars. What should the selling price be if the profit was 30%of the cost?
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Question 189508: The number of Peggy's 20 cents coins is 4 times that of her $5 coins. If the total amount of these coins is $17.40, how many 20 cents coins does she have?
Please answer...I thank you in advance!!:)

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Question 189508: The number of Peggy's 20 cents coins is 4 times that of her $5 coins. If the total amount of these coins is $17.40, how many 20 cents coins does she have?
Please answer...I thank you in advance!!:)

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Question 189516: 96. Amount of an investment. 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 at a simple interest rate of 15%.
74. Rectangular stage. One side of a rectangular stage is 2 meters longer than the other. If the diagonal is 10 meters, then what are the lengths of the sides?

92. Glass prism. One end of a glass prism is in the shape of a triangle with a height that is 1 inch longer than twice the base. If the area of the triangle is 39 square inches, then how long are the base and height?

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Question 189515: 86).Selling shirts. 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.

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Question 189683: $3000 are divided between two sons so that the elder son receives $200 more than two-thirds the share of the younger son. How much does each receives?
Please help!!!!! Thank you for saving my life!!:):):)

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Question 189687: How can $6300 be invested, one part at 4% p.a. and the remainder at 5% p.a., so that the simple interest will be the same on each investment?
Thanks for helping me!

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Question 189860This question is from textbook
: Sherry bought a number of shares of stock for $250. Six months later the value of the stock had increased by $5 per share, and she sold all but 5 shares and regained her original investment plus a profit of $50. How many shares did she sell and at what price per share?
thank you, I will be able to solve it once I know how to set it up.
This question is from textbook

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Question 189932: this is a fourth grade math problem. I need help. Total sales for the 9pm and 11pm shows were $602. Tickets for the 11pm show are $2 less than the 9pm show. How much were the ticket for eacj=h show?
9pm total tickets sold were 56 and 11pm total tickets sold were 42,
Please please help me
kammikam

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Question 189936: p=3500 r=8% and t-14 compounded semiannually
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Question 189824: Kevin invested part of his $10,000 bonus in a deposit that paid 6% annual simple interest, and the remainder in a mutual fund that paid 11% annual simple interest. If his total interest for that year was $900, how much did Kevin invest in the mutual fund?
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Question 189993: In the period of a year, an investor lost twice as much as he gained . If he originally had $10,000 and now has $8,000 , what amount did he gain and what did he lose?
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Question 190123This question is from textbook Mathmatics with Applications
: The cost of revenue function (in dollars)for a frozen yogurt shop are given by:
C(x)=400x+400 and R(x)=100x,
X+4
hint: it should be 400x+400 over x+4
Where x measured in hundred units.
a. Graph C(x) and R(x) on the same axes
This question is from textbook Mathmatics with Applications

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Question 190198: One man received 15% more than another man when they shared an inheritance of
$4,300. How much did each man receive?

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Question 190266: A person invested $16,000, part of 8% and the remainder at 6%. If the total yearly intrest from these investments was $1180, find the amount invested at each rate.
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Question 190307: Lynn invested some money at 8%, and then invested $3000 more than twice this amount at 9%. His total annual income from the two investments was $3390. How much was invested at 9%?
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