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

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 Word Problems: Money, Business and Interest Solvers Lessons Answers archive Quiz In Depth

 Question 261066: I need help setting this up. Peanuts cost \$3 per pound, almonds \$4 per pound, and cashews \$8 per pound. An event planner wishes to purchase 140 pounds of mixed nuts for \$6. per pound, in which there are twice as many peanuts as almond. Can you advise the event planner as to how many of each kind of nut should be in the mixture? Click here to see answer by mananth(12270)

 Question 261355: You need to purchase 100 stamps and only spend \$100. Using only .25, \$1, \$15 stamps, and you need to buy at least one of each type of stamp, how many of each stamp do you buy? Thank you for your help! Click here to see answer by Edwin McCravy(8901)

 Question 261333: A company produced 2,390,000 small appliances in one year and made a profit of \$7,920,000. What was the profit on each appliance? Show all steps necessary to arrive at your solution. Click here to see answer by checkley77(12569)

 Question 261441: Mr t has a pocket full of quarters and dimes. He has six times as many quarters as he does dimes. THe total amount is 28.80 how many quarters and dimes does he have Click here to see answer by drk(1908)

 Question 261435: How to calculate 10% over 5 years, 15% for 3years and 5% for 10years Click here to see answer by drk(1908)
 Question 261435: How to calculate 10% over 5 years, 15% for 3years and 5% for 10years Click here to see answer by checkley77(12569)

 Question 261536: Hello! My name is John, My Algebra class is studying linear equations and I got a question that I just cant seem to figure out using it or any other form of math. Ive tried cross multiplication but I couldn't get it to work. Anyways here it is: Christiana and Marlena opened their first savings account on the same day. Christiana opened her account with \$50 and plans to deposit \$10 every month. Marlena opened her account with \$30 and plans to deposit \$15 every month. After how many months will their two accounts have the same amount of money? What will that amount be? Thank You! Have a Great day, -John Arsiniega Click here to see answer by Alan3354(30993)

 Question 261595: harold wrote to 15 people, and the cost of the postage was \$5.40. If it cost 27 cents to mail a postcard and 42 cents to mail a letter. How many letters did he write? Click here to see answer by richwmiller(9135)

 Question 261635: A sum of \$113,000 is split between two investments, one paying 6% and the other 9%. If the total yearly interest amounted to \$8550, how much was invested at 9%? Click here to see answer by checkley77(12569)

 Question 262175: Mr Patel intends to start a dry cleaning business and wishes to borrow money for this purpose.He feels that he will not be able to pay anything for the first three years,but therafter,he is prepared to pay back \$4000.00 per year for five years.The bank agrees to advance him money at 18% interest per annum.How much will they be willing to advance him now under these conditions? Click here to see answer by Theo(3458)

 Question 262358: An inheritance of \$800,000 is to be divided among Avery, Connor and Olivia in the following manner: Olivia is to receive 3/4 of what Connor gets, while Avery gets 1/4 of that Connor gets. How much does each receive? Click here to see answer by solver91311(16877)

 Question 262376: Cantaloupes sell for 1.80 euros per kilogram in Belgium. What is the price in units of U.S. dollars per pound? (1 kilogram= 2.205 pounds) Click here to see answer by checkley77(12569)

 Question 262624: Zvia's sweater cost twice as much as her hat, and a third as much as her coat. Her coat cost \$114. How much did her sweater cost? I tried solving it this way: Zvia's sweater= 1/3x her coat If her coat costs \$114, then you could say 114/3= \$38 If her sweater costs 2x as much as her hat, you could say 38/2=\$19 So then I would add 38+19=\$57.00 so her sweater would cost \$57.00 ....Am i solving this the correct way? Click here to see answer by richwmiller(9135)

 Question 262644: Average movie ticket prices in the united states are, in general, lower than other countries. It would cost in \$77.87 to buy three tickets in Japan plus two tickets in Switzerland. Three tickets in Switzerland plus two tickets in Japan would cost \$73.83. How much does an average movie ticket cost in each of these countries? Click here to see answer by unlockmath(1599)

 Question 262662: If Ben invests \$4000 at 4% interest per year, how much additional money must he invest at 5 1/2% annual interest to ensure that the interest he receives each year is 4 1/2% of the total amount invested? How would I set that up algebraically to solve? Click here to see answer by Theo(3458)

 Question 262772: A cab charges 2.30 for the first 1/2 mile then 20cents for any additional 1/8 mile. if you travel 4 miles how much would it cost? Click here to see answer by rfer(12657)

 Question 262775: Gary makes \$600 a month plus 3% interest on sales over 23,000. last month he made 73,000, what is his total for the monnth? Click here to see answer by rfer(12657)
 Question 262775: Gary makes \$600 a month plus 3% interest on sales over 23,000. last month he made 73,000, what is his total for the monnth? Click here to see answer by drk(1908)

 Question 262868: A bus driver wants to earn \$3,500 per year in supplemental income from an inheritance of \$40,000. If the driver invests \$10,000 in a mutual fund paying 8%, what rate must he earn on the remainder to achieve his goal? Click here to see answer by checkley77(12569)

 Question 262889: Could the following be modeled as a function? Why or why not? The amount of interest earned on the savings accounts of each student in this class. Click here to see answer by richwmiller(9135)
 Question 262889: Could the following be modeled as a function? Why or why not? The amount of interest earned on the savings accounts of each student in this class. Click here to see answer by stanbon(57290)

 Question 263047: Last week, Pat earned \$60 less than Tony, if their combines earning for the week were \$500, how much did each earn? Click here to see answer by stanbon(57290)

 Question 263101: how many quarts of pure anitfreeze must be added to 2 quarts of a 10% antifreeze solution to obtain a 30% antifreeze solution? Click here to see answer by richwmiller(9135)

 Question 263200: When a company spends no money on advertising, it sells 300 units. But for each additional \$5000 spent, an additional 20 units are sold. Question: If x is the amount of money that the company spends on advertising, find a formula for y, the number of units sold as a function of x. Thank you!!! Click here to see answer by jim_thompson5910(28545)

 Question 263236: The manager of a mens clothing store sold out of the entire stock of \$60 jackets and \$50 dollar jackets for a total of \$3080. If the manager sold 22 more \$50 dollar jackets than \$60 dollar jackets. How many jackets of each were sold? Click here to see answer by mananth(12270)

 Question 263269: How long will it take B dollars to double itself at 15% simple interest? Click here to see answer by mananth(12270)

 Question 263224: The manager at a store selling tea plans to mix a more expensive tea that costs \$5 dollars per pound with a less expensive tea that costs \$3 a pound to create a 100 pound blend that will sell for \$4.50 per pound. How many pounds of each type of tea are required? Click here to see answer by mananth(12270)

 Question 263323: the bank offers 2 checking account plans. The anywhere plan is 30 cents per check and the accucheck plan cost 0.84 cents per month plus 23 cents per check for what number of checks will the accucheck plan cost less than the anywhere plan. Click here to see answer by richwmiller(9135)

 Question 263448: Suzanne invested \$19,800 in two mutual fund accounts: the Abernathy Fund and the Brice Fund. During the subsequent year, The Abernathy Fund earned 10% and the Brice account earned 6%. At the end of the year, the total interest earned was \$1,492. How much did Suzanne invest in each fund? Place your answers in the two blanks. Enter the amounts in whole dollars only. Abernathy = _________ Brice = ____________ Click here to see answer by richwmiller(9135)
 Question 263448: Suzanne invested \$19,800 in two mutual fund accounts: the Abernathy Fund and the Brice Fund. During the subsequent year, The Abernathy Fund earned 10% and the Brice account earned 6%. At the end of the year, the total interest earned was \$1,492. How much did Suzanne invest in each fund? Place your answers in the two blanks. Enter the amounts in whole dollars only. Abernathy = _________ Brice = ____________ Click here to see answer by JBarnum(2044)

 Question 263445: An employee who produces x units per hour earns an hourly wage of y=0.95x + 7 (in dollars). Find the hourly wage for an employee who produces 6 units per hour. Answers: A). \$13.20 B). \$12.40 c). \$13.10 d). \$12.70 Click here to see answer by checkley77(12569)

 Question 263525: What is the simple interest on \$700 invested at 5% per year for 2 years? Click here to see answer by josmiceli(9668)

 Question 263592: Mary emptied the change in the bottom of her purse. She found all quarters and dimes, worth a total of \$10.25. The number of quarters was 7 less than twice the number of dimes. How many of each type of coin did she have? Click here to see answer by drk(1908)

 Question 263865: A youth organization collected nickels and dimes for a charity drive. By the end of the 1-day drive, the youth had collected \$56.35. IF there were three times as many dimes as nickels, how many of each type of coin was collected? Click here to see answer by solver91311(16877)

 Question 263859: Gustave invested a total of \$21,000 in two mutual funds. One fund earned a profit of 8% and the other incurred a loss of 12%. His net loss for the two funds together was \$640. How much did he invest in each fund? Click here to see answer by richwmiller(9135)

 Question 264262: A woman got a job at a starting salary of \$35,000 a year. If she received am 8% raise on each additional year, how much would her salary be at the beginning of the tenth year? (use future value method) Click here to see answer by checkley77(12569)

 Question 264418: How long will it take P dollars to triple itself at 10% simple interest? i=prt ? how to I plug this in? thank you Click here to see answer by stanbon(57290)

 Question 264541: PLEASE HELP ME SOLVE THIS PROBLEMS: in the period of a year, an investor lost twice as much as he gained. if he origanlly had 10,000 and now has 6,000, what amount did he gain and what did he lose? Click here to see answer by jim_thompson5910(28545)

 Question 264607: Hello, I am in Algebra 100 at American River College. My instructor gave the class homework on a new chapter and I am totally confused My first question is the following: Mardi received an inheritance of \$70,000. She invested part at 7% and deposited the remainder in tax free bonds at 12%. Her total annual income from the investments was \$5900. Find the amount invested at 7%. Use the formual I=prt. I really want to do know how to do it instead of just getting the answer. If you could help that would be great! Thank you, Mary Ann Click here to see answer by checkley77(12569)

 Question 264941: Not sure how to correctly write out problem please help: Andrew invested a total of \$18,000, part at 5% and part at 9%. IF his income for one year from the 9% investment was \$100 less than his income from the 5% investment, how much was invested at each rate? Click here to see answer by stanbon(57290)

 Question 265018: Not sure how to correctly write out problem please help: Andrew invested a total of \$18,000, part at 5% and part at 9%. IF his income for one year from the 9% investment was \$100 less than his income from the 5% investment, how much was invested at each rate?''. Click here to see answer by stanbon(57290)

 Question 265171: Matt places \$1,200 in an investment account earning an annual rate of 6.5%, compounded continuously. Using the formula V = Pert, where V is the value of the account in t years, P is the principal initially invested, e is the base of a natural logarithm, and r is the rate of interest, determine the amount of money, to the nearest cent, that Matt will have in the account after 10 years. Click here to see answer by stanbon(57290)

 Question 265423: An investment with interest compounded continuously doubled itself in 16yr. What is the interest rate? I don't know how to start this problem? I know it will be 2x*16? Click here to see answer by Alan3354(30993)

 Question 265479: In your industrial oven, you bake two baking sheets with 21 scones each, two baking sheets with 33 cookies each, and one baking sheet with 4 scones and 15 cookies. Write an expression that illustrates the total cost of all baked goods in the scenario above using the variable s to represent the cost of scones and the variable c to represent the cost of cookies. Simplify your expression by combining like terms. Demonstrate how you arrived at your answer with the detail calculations Click here to see answer by stanbon(57290)

 Question 265483: Your profit P is determined by subtracting the cost C (the amount of money it costs to operate a business) from the revenue R (the amount of money you earn from selling your product). Profit can be represented algebraically by the equations: Profit=Revenue-Cost OR P = R – C a) Rewrite the formula to solve for C. Demonstrate how you arrived at your answer with the detail calculations. P – R = C Click here to see answer by roseo(33)

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