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Word Problems: Money, Business and Interest

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Question 40055: If a 4.4-pound bag of dog food costs $3.52, what is the cost per pound?
Click here to see answer by fractalier(1804)

Question 40122: If I invest 2975 dollars for 11 years at 5% compounded annually, how much would i have?
Click here to see answer by Nate(3495)

Question 40125: Whats the annual interest rate, to the nearest 10th of a percent, for $1839 to grow to $25187 if the interest is compunded yearly for 38 years
Click here to see answer by Nate(3495)

Question 40123: If I invest 11000 dollars for 5 years at 11% compounded quarterly, how much would i have?
Click here to see answer by Nate(3495)

Question 40217This question is from textbook Beginning Algebra

: Business & Finace A coffee merchant has coffee beans that sell for $9 per pound and $12 per pound. The two types are to be mixed to create 100 lb. of a mixture that will sell for $11.25 per pond. How much of each type of bean should be used in the mixture?This question is from textbook Beginning Algebra

Click here to see answer by fractalier(1804)

Question 40179: Jill has $3.50 in nickels and dimes. If she has 50 coins, how many of each type of coin does she have?
Click here to see answer by fractalier(1804)

Question 40348: one thousand dollars in a savings account pays 7% interest per year. The interest earned after the first year is added to the account. How much interest is earned on the new principle the following year?
Thanks you very much

Click here to see answer by Nate(3495)

Question 40342: $700 simple interest was earned over 4 years on an investment of $2500. What was the annual rate?
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Question 40347: How long will it take a $9000 investment to earn $180 interest at an annual interest rate of 8%?
Thanks you very much

Click here to see answer by Nate(3495)

Question 40468: IF 14000 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?
Click here to see answer by Nate(3495)

Question 40346: How much money should be invested in an annual interest rate of 8% in order to earn $250 of yearly interest?

Thanks you very much

Click here to see answer by Nate(3495)

Question 40354: Miraculous Music, Inc. finds that the cost to make x compact discs is C = 7x + 10,237, while the revenue produced from them is R = 20x (C and R are in dollars). What is the smallest whole number of compact discs, x, that must be sold for the company to show a profit?
Click here to see answer by Nate(3495)

Question 40687: 58) If the total bill at a restaurant including a 15% top, is 65.32 , what was the cost of the meal alone?
Click here to see answer by Nate(3495)

Question 40693: 2.6 52)

The electricity costs of a business decreased from 12,000 one year to 10,920 the next. what is the rate of decrease?
Click here to see answer by Nate(3495)

Question 40693: 2.6 52)

The electricity costs of a business decreased from 12,000 one year to 10,920 the next. what is the rate of decrease?
Click here to see answer by checkley71(8405)

Question 40698: 2.6 26

Mr. jordan has ben a given of 2,500 for 1 year. If the interest charged is 275, what is the interest rate on the loan?
Click here to see answer by Nate(3495)

Question 40701: 20)
paul invested 5,000 in a time depsoit.what interest will he earn for 1 year if the interest rate is 6.5%
Click here to see answer by Nate(3495)

Question 40701: 20)
paul invested 5,000 in a time depsoit.what interest will he earn for 1 year if the interest rate is 6.5%
Click here to see answer by stanbon(26249)

Question 40653: if a salesman is paid $140 commission on the sale of a 2,800 sailboat.what is his commision rate.
Click here to see answer by checkley71(8405)

Question 40649: there62ee are 850 douglar fir and ponderosa pine trees in a secion of forest bought by sawn. the company paid an average of 300 for each douglas fir and 225 for each ponderosa pine. if the company paid 217,500 for the trees,how many of rach kind did the company buy.
Click here to see answer by checkley71(8405)

Question 40730: Finance Example – Break Even Analysis.
The break even point for a business is given by the formula:

where:
B = units sold to breakeven point
F = fixed costs
P = price per unit
V = variable costs
a. Suppose EducateComp knows its fixed costs are $100,000, its variable costs are
$500 per copy of AlgeComp, and they must to sell 15000 copies of AlgeComp to
break even the first year. What is the minimum price per unit they should charge?

B) Total revenue is given by the formula TR = FC + TVC + Profit, where:
TR = total revenue
FC = fixed costs
TVC = total variable costs
EducateComp’s Sales Department has established a sales goal 35000 units. If
they achieve their sales goal, what will they profit?
TR = FC + TVC + Profit
Profit = TR + FC – TVC
Profit = (units sold)(price per unit) – fixed costs – (units sold)(variable costs)
Click here to see answer by venugopalramana(3286)

Question 40729: . Finance Example – Break Even Analysis.
The break even point for a business is given by the formula:

where:
B = units sold to breakeven point
F = fixed costs
P = price per unit
V = variable costs
a. Suppose EducateComp knows its fixed costs are $100,000, its variable costs are
$500 per copy of AlgeComp, and they must to sell 15000 copies of AlgeComp to
break even the first year. What is the minimum price per unit they should charge?
Click here to see answer by venugopalramana(3286)

Question 41061: I cannot seem to figure the last part of this one out. The problem reads :
You would like to take a cruise in six years. THe cruise currently costs $4250. You expect the price to increase by 4% annually. You can earn 5% on your savings. How much do you need to save at the end of each month so you will be able to afford the cruise in six years.
Here is what I have so far.
FV=PV*(1+r)^t
FV= 4250*(1+.04)6
FV=$5377.61 (cost of cruise)
Then to find how much I need to save each month I've tried using
PV=FV/(1+r)^t
PV=5377.61/(1+.05)^t
and I got
PV=160.29 (as what I need to save each month) but if I go back and multiply that times 72 months (6 years) It says I'll be saving 1154.88 wich is too much. Any help is appreciated. Thank you.
Click here to see answer by rajagopalan(125)

Question 41250: Ron and Kathy are ticket-sellers at their class play. Ron is selling student tickets for $1.00 each, and Kathy selling adult tickets for $6.50 each. If their total income for 34 tickets was $144.00, how many tickets did Ron sell?
Click here to see answer by Nate(3495)

Question 41409: Colin invested $24,000, part at 18% and part at 16%. If the total interest at the end of the year is $4,160, how much did he invest at 18%?

Thank You!!!

Click here to see answer by checkley71(8405)

Question 41525: A home purchased for $300,000 depreciated 8% over a 1-year period. What was the value of the home at the end of the year?
Click here to see answer by Nate(3495)

Question 41628: You would like to take a cruise in six years. The cruise currently costs $4,250. You expect the price to increase by 4% annually. You can earn 5% on your savings. How much do you need to save at the end of each month so you can afford your cruise in six years?
Click here to see answer by venugopalramana(3286)

Question 41616: Lane invested $10,000, part at 15% and part at 14%.
If the total interest at the end of the year is $1,430, how much did she invest at 15%?

Click here to see answer by tutorcecilia(2042)

Question 41827: Eva invested a certain amount of money at 14% interest and $2000.00 more than that amount at 15%. Her total yearly interest was $1460.00. How much did she invest at each rate?
Click here to see answer by Nate(3495)

Question 41837This question is from textbook
: A pay phone is holding a maximum number of 500 coins consisting of nickels, dimes and quarters. The number of quartes is twice the number of dimes.
If the value of all the coines is $88.00, how many nickles were in the pay phone?This question is from textbook

Click here to see answer by checkley71(8405)

Question 41756This question is from textbook beginning algebra

: Business and finance. If the inventor in exercise 53 charges $4 per unit, then her
Profit for producing and selling x units is given by the function
P(x) = 2.25x - 7000
(a) What is her profit if she sells 2000 units?
(b) What is her profit if she sells 5000 units?
(c) What is the break-even point for sales?
Don't know where to begin.
This question is from textbook beginning algebra

Click here to see answer by tutorcecilia(2042)

Question 42037: The total profit (in dollars) for sales of x rowing machines is given by P(x) = 0.2 x^2 + 300x – 200. What is the profit if 500 are sold? For what value of x will the profit be at a maximum?

Click here to see answer by rapaljer(3610)

Question 42111This question is from textbook Begining Algebra

: Business and finance. In planning for a new item, a manufacturer assumes that the number of items produced x and the cost in dollars C of producing these items are related by a linear equation. Projections are the 100 items will cost $10,000 to produce and that 300 items will cost $22,000 to produce. Find the equation that relates C and x.This question is from textbook Begining Algebra

Click here to see answer by tutorcecilia(2042)

Question 42180: when x number of units are sold,the price of each unit (in dollars) is given by p = -x over 2 + 75. find the unit price when the following qualnties are sold 2 ,7,9, 11
Click here to see answer by psbhowmick(456)

Question 42233: Lay Offs Looming. American Products plans to lay off 10% of its employees in its aerospace division and 15% of its employees in its agricultural division. If altogether 12% of the 3000 employees in these divisions will be laid off. Then how many employees are in each division?
(A friend had this problem handwritten so I'm not sure if it came from a specific book or not, but I couldn't help her.)
12% of 3000 = 12/100 x 3000/1 = 360 (people)
10x + 15y = 360
Click here to see answer by fractalier(1804)

Question 42322: a gift of $5000.00 to a city grew to 3,000,000 in 200 years. at what interest rate compounded annually would this growth occur?The interest rate would be what %?
Click here to see answer by Nate(3495)

Question 42323: A company will need $30,000.00 in 8 years for a new addition. To meet this goal,the company deposits money in an account today that pays 8% annual interest compounded quarterly. Find the amount that should be invested to total $30,000.00 in 8 years.
Click here to see answer by psbhowmick(456)

Question 42476: Please help with this word problem.
The demand equation for a certain type of printer is given by
D = -200p + 35000
The supply equation is predicted to be
S = -p^2 + 400p - 20000
Find the equilibrium price.
Thanks!!
Click here to see answer by Nate(3495)

Question 42517: A home purchased for $300,000 depreciated 8% over a 1-year period. What was the value of the home after at the end of the year?
Click here to see answer by Nate(3495)

Question 42503: On a sales job employees are that approximately 39% of the people you give asales pitch to will buy something. The average purchase dollar amount is $40.00. An employee wants to earn $1,300 in sales. What's the least number of people they should give the sales pitch to, if the above statistics are correct?
Click here to see answer by Nate(3495)

Question 42682:
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Question 42767: Roberto invested some money at 7%, and then invested $2000 more than twice this amount at 10%. His total annual income from the two investments was $3980. How much was invested at 10%?
Click here to see answer by Nate(3495)

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