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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 286811: with $1000 in your savings and the interest is compounded continuously how long will it take to double at 8% and also at 5% round to the nearest year. at 8% i think its nine years and 5% i think its 15 years is this correct. thanks
Click here to see answer by richwmiller(9143)

Question 286931: Amy paid $84.74 for a pair of running shoes during a 30%-off sale. What was the regular price?
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Question 287049: susan is paid $3.00 per hour for a regular week of 40 hours.calculate her wages for a regular work week
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Question 287103: find the interest on $2700 that is invested at 4% for 2 1/2.

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Question 287118: Julie borrowed $400 for 1 year at 8% interest compounded quarterly. What is the compound interest?
I don't know how to work this probelm.
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Question 287047: susan is paid $3.00 per hour for a regular week of 40 hours.calculate her wages for a regular work week
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Question 287206: Bob paid 3 less than Tim for his lunch at a local pizza parlor. Together they spent $7.80. How much did Bob spend for his lunch?

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Question 287369: a real estate agent's commission rate is 6%. What will the amount of the commission be on the sale for $185,000 home?
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Question 287474: I need a solution set for this algebra problem a bank offers two checking plans Plan A has a base charge of $9.00 per month plus 4 cents per check Plan B charges $2.00 per month plus 24 cents per check. I got plan A: 9 + 0.04x; Plan B: 2 + 0.24x. I had to graph it and then find when Plan A will be better than plan B for x in the interval. and then verify my results of part (c) algebraically by solving an inequality. write the solution set of the inequality in set-builder notation The solution set is {x|_}
Click here to see answer by richwmiller(9143)

Question 287566: A sales manager buys antacid in bottles by the gross. If he goes through 3 bottles of antacid every day, how long will the gross last?
Click here to see answer by Deina(147)

Question 287684: A man invests a certain amount of money at 2% interest and $800 more than that amount in another account at 4% interest. At the end of one year, he earned $112 in interest. How much money was invested in each account?

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Question 287790: A theater charges $15 for student admission and $25 for adult admission. If the theater sells out how many of each type of ticket must be sold if the total is $8000
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Question 287783: A total of 9000dollars was invested, part at 6% and the rest at 3% per year. if the annual return from both investments was 396dollars,how much was invested at each rate?
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Question 288364: Suppose that i will pay you 8cents for every problem in this chapter that you solve correctly but you have to pay me 5cents for every problem done incorrectly. If at the end of the 26 problems neither of us owe each other any money, how many problems did you solve correctly?

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Question 288546: Jed and Sam each have $X to invest. Jed invests part of his money in an investment account at
the bank at 10% p.a. interest and the rest in shares at 12.5% per annum. At the end of the year
Jed receives an income of $1625 from his investments. Sam invests twice as much as Jed in
shares at 12.5% and puts the rest into an investment account at 8% p.a. At the end of the year
Sam receives an income of $1650 from his investments. How much did each person originally
have to invest?
Click here to see answer by mananth(12270)

Question 288702: Susan works in a large department store and earns $6.00 per hour. The store will pay her an extra 5% in salary for each hour that she sells more than $100 worth of merchandise. She makes this sales quote for each hour of her 4-hour shift. How much will she earn for the shift?
Click here to see answer by checkley77(12569)

Question 288837: IN 1964, Peter Minuit paid about 24$ to the Indians for Manhattan Island. WHat would be the value of that 24$ if it had been invested at 4.2% annual interest compounded quarterly since then?
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Question 288841: Suppose that you plan to need $60000 in twelve years when your child starts attending college. You want to invest to an account yeilding 5.2% interest, compounded monthly. How much should you invest?
Click here to see answer by stanbon(57356)

Question 288994: jenni wants to buy a car worth 50,000 in 3 years. How much money does she need to invest now in order to have the money in 3 years if she can earn 8% interest compounded monthly?

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Question 289430: How do you find compound interest?
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Question 289710: Could you please help me solve this word problem?
Thank you, Cynthia
The value of a share of I. J. Solar can be represented by V(x) = x2 – 28x + 13, where x is the number of months after January 2004. What is the lowest value V(x) will reach, and when did that occur?
Click here to see answer by solver91311(16890)

Question 290131: A woman owns a small, cash only business in a state that requires her to charge a 6% sales tax on each item she sells. At the begining of the day she has $250 in the cash register. At the end of the day she has $1204 in the register. How much money should she send to the state government for the sales tax she collected?
Click here to see answer by mananth(12270)

Question 290378: Can someone help me solve this problem? I am having a hard time with it, can you explain the steps?
Assume the profit earned by an artist in any given year is governed by the function P(n) = -2n^2 + 80n – 30 where n represents the number of paintings sold and P (in thousands of dollars) represents the profit. How many paintings should be sold to create a maximum profit? What is the maximum profit?
Thank you, Cynthia :)

Click here to see answer by richwmiller(9143)

Question 290535: The suit was marked down 20% for the sale, and its sale price was $120. What was the original price of the suit?
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Question 290550: A 12 pack of pencils costs $3.00. What is the sales tax rate if the total cost of the pencils is $3.21?

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Question 290036: Morgan Washington invested $525,000 in a small office building. He plans to hold the property for 20 years. He feels that he can expect an average monthly rental payment of $4,250. He holds a mortgage on the property for 5.75% and will use a 7.5% interest rate as the minimum desired rate of return for the investment. Calculate the net present value of the investment.

Click here to see answer by gaguilar2(1)

Question 292910: How do you find what the actual yearly interest rate is if you buy something for $320.00 and you pay $20.00 down and $34.00 a month for 10 months.
Click here to see answer by richwmiller(9143)

Question 293144: If "k" kilos of potatoes cost "P" pesos, find the cost in pesos of "s" grams of potatoes?
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Question 293143: Cyril invested part of 185 000 at 7% and the rest at 9. If the interest from the 9% investment in 1450 more than the interest earned at the 7% investment. How much did he invest at the 9% rate?
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Question 293118: A man invests $20,000 at an annual interest rate of 7%, and $12,000.00 at an annual interest rate of 7.5%. What was his annual income on the two investments?
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Question 293726: FIND A, if $7000 is invested at 8% compounded continously for 2 years.

if $400 is invested at 3% compunded continously, how many years(to the nearest tenth) would it take for the investment to double?
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Question 293876: Find the derivative of f(x)=12x^2-5x+13
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Question 293876: Find the derivative of f(x)=12x^2-5x+13
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Question 294296: You separated your P500,000 into two accounts. The first account has 5% interest rate while the second account has 10%. The annual interest of the first account is P22,440 less than the annual interest of second account. How much was invented at the 10% account.
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Question 294608: miguel's coin collection consists of dimes and quarters. if he has 53 coins worth $7.85, how many of each type of coin does he have?
Click here to see answer by Alan3354(30993)

Question 294640: five hot dogs and four burgers cost 14.75$. four hot dogs and 5 burgers cost 14.50$. Find the cost of one hot dog and the cost of one burger
5h+4b=14.75
4h+5b=14.50
First impression is to add them
9h+9b= 29.25
9(h+b)=29.25
h+b=29.25/9
but this makes no sense
Any help is greatly appreciated
Click here to see answer by stanbon(57356)

Question 294648: A druggist has two solutions of alcohol. One is 25 % alcohol. The other is 45 % alcohol. He wants to mix these two solutions to get 36 ounces that will be 30 % alcohol. How many ounces of each of these two solutions should he mix together?
x+y=36, then x=36-y
.25x+.45y=36*.30
.25x+.45y=10.8
.25(36-y)+.45=10.8
9-.25y+.45y=10.8
9+.20y=10.8
.20y=1.8
y=9
x=27
Is this correct? Thanks
Click here to see answer by stanbon(57356)

Question 294653: Maria and Shannon hike around a lake. They start from the same point but walk in the opposite directions around the 14 mile shoreline. Maria walks 0.8 mph faster then Shannon. How fast does Shannon walk if they meet up in 2 and half hours?
Not even sure where to start
Maria speed is x
Shannon speed is x-.8 mph
time is 5/2
14=(x=x-.8)*(5/2)
Clearly I am confused and unclear as to where to begin any help is appreciated
Click here to see answer by scott8148(6628)

Question 294601: You separated your Php500,000 into two accounts. The First account is placed at a rate of 111% while the second at a rate of 6%. The annual interest of the first account is Php1,210 more than the annual interest of the second account. How much is invested at 6%?
Click here to see answer by nerdybill(6959)

Question 294599: You separated your Php500,000 into two accounts. The First account is placed at a rate of 111% while the second at a rate of 6%. The annual interest of the first account is Php1,210 more than the annual interest of the second account. How much is invested at 6%?
Click here to see answer by checkley77(12569)

Question 294965: Lakeitha earned $12,000 more in her accounting job this year. She invested the money and split it between two separate accounts. One was a certificate of deposit that paid 7.25% interest. The other was a money market account that paid 5.4% interest. At the end of one year, she had made $730. How much did she invest in the money market account?
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Question 295429: A businessman has three times as much money invested at 3% as he does at 4.5%. The income from both investments for a year is $675. How much is invested at each rate.

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Question 295481: An investment broker deposits $2000 into an account that earns 4.4% annual interest compounded twice a year. What is the value of the investment after 4 years?
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