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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 369543: What is the interest on $6,500.00 at 4% compounded daily for 7 months?
Click here to see answer by Fombitz(13828)

Question 369601: The interest on an investment varis directly as the rate of interest. If the interest is $48 when the interest rate is 5%, find the interest when the rate is 4.2%.My math book doesn't give any examples on how to solve these kinds of word problems.
Click here to see answer by Fombitz(13828)

Question 369617: Jim has gotten scores of 77 and 77 on his first two tests. What score must he get on his third test to keep an
average of 80 or greater?
Click here to see answer by Fombitz(13828)

Question 369607: Sam is a salesman. He receives a base salary of $65,000 per year. In addition, he receives 7% of his sales amount for the year.
What are the sales amounts that will allow him to earn more than $75,500 in a year?
Use for the sales amount (in dollars), and solve your inequality for .
Click here to see answer by Fombitz(13828)

Question 369676: Mario Deposited $500 at 8% interest. The interest is compounded 4 times a year. how much money does Mario have iin his account after 3 years?
Click here to see answer by rfer(12730)

Question 369699: The property tax on a boat were $2,067. What was the tax rate, if the boat was valued at $130,000?
Click here to see answer by rfer(12730)

Question 369616: A salesperson has two job offers. Company A offers a weekly salary of $630 plus commission of 18% of sales.
Company B offers a weekly salary of $1260 plus commission of 9% of sales. What is the amount of sales above
which Company Aʹs offer is the better of the two?
Click here to see answer by rfer(12730)

Question 369735: A man invested $1000, part at 4% and part at 5%. In the first year he earned $14 more from the 5% account than from the 4% account. Find the amount invested in each account.
I just need to know how to set up the problem not the total solution.
Thanks.
Click here to see answer by user_dude2008(1861)

Question 369838: You are designing a house with three 3-feet-wide windows on the back of the house. There are 4 feet between each end window and an edge of the house. The width of the house is 33 feet. How far apart should the windows be?
Click here to see answer by solver91311(17077)

Question 370042: Debbie bought a DVD player and a boxed set of DVDs for a total of $208. If the DVD player cost $140.00 more than the box set, how much did the box set cost?
Click here to see answer by ewatrrr(10682)

Question 370154: how long does it take $5000 to grow to $10000 at %6 compounded continuously?
Click here to see answer by Fombitz(13828)

Question 370196: How many quarters does it take for a deposit of $500 to grow to $600 at 2% annual percentage rate compounded quarterly? Round to the nearest quarter (quarter=3 months)
Click here to see answer by Fombitz(13828)

Question 370194: How long does it take to earn $1000 interest on a deposit of one million dollars at 9% compounded continuously? (put the answer in days)
Click here to see answer by robertb(4012)

Question 370252: black pencils sell at two for 15 cents, and red pencils sell at 10 cents each. How many of each kind were sold if a total of 25 were sold for $2.00?
Click here to see answer by mananth(12270)

Question 370374: The difference of two numbers is 7. Twice the smaller is 3 more than the larger. Find the two numbers. (Enter solutions from smallest to largest.

Click here to see answer by ewatrrr(10682)

Question 370521: How much must be invested into an account at 4% simple interest so that the balance
is $2000 in 5 years?
Click here to see answer by stanbon(57967)

Question 370577: A school jazz ensemble collected $670 for 300 tickets sold for a concert. If adult tickets were $9 each, and students $4 each, how many of each were sold? Set up equations and solve.
Click here to see answer by rfer(12730)

Question 370580: Solve by appropriate method: Thinking of 2 numbers whose sum is 10, and difference is 4. Let X be first number, and let y be second number.
Click here to see answer by ewatrrr(10682)

Question 370578: total of 698 tickets were sold for an event. Three times as many gold (g) tickets were sold as silver (s) tickets. The total number of gold and silver tickets sold was twice the number of bronze (b) tickets sold. Set up equations, don't actually solve.
Click here to see answer by mananth(12270)

Question 370591: Inflation is running 2% per year when you deposit $1000 in an account earning interest of 13% per year compounded annually. In constant dollars, how much money will you have two years from now? (Hint: First calculate the value of your account in two years' time, and then find its present value based on the inflation rate. Round your answer to the nearest cent.)
$ 1
Click here to see answer by robertb(4012)

Question 370587: Stocks in the health industry depreciated by 5.7% in the first eight months of 1993. Assuming that this trend were to continue, how much would a $70,000 investment be worth in 8 years? (Hint: 8 years corresponds to 12 eight-month periods. Round your answer to the nearest cent.)
I got 44318.79 once and 25681.21 both wrong
70000(1-.057/12)^8*12
Click here to see answer by robertb(4012)

Question 370576: Simone went to an outlet mall. Sweaters were $5 each, shirts $3, pairs of socks $1. She spent $70 and bought 26 items. She bought 1 more shirt than she did sweaters. Ignoring tax, set up a system of equations and solve the system.
Click here to see answer by mananth(12270)

Question 370619: Your favorite restaurant offers a total of 13 desserts, of which 11 have ice cream as a main ingredient and 9 have fruit as a main ingredient. Assuming that all of them have either ice cream or fruit or both as a main ingredient, how many have both?
Click here to see answer by amoresroy(333)

Question 370476: $9500 is invested, part of it at 10% and part of it at 8%. For a certain year, the total yield is $878.00. How much was invested at each rate?
How much was invested at 10%?
How much was invested at 8%?
thank you
Click here to see answer by robertb(4012)

Question 370693: Suppose you invest $5000 in 3 different funds for a year. The funds paid simple of 8%, 10%, and 7%. The total intrest at the end of 1 year was $405, you invested $500 more at 10% than at 8%. How much did you invest in each mutal fund?
I am usually good at these, this one just throws me off. so if you could help that would be great.
Click here to see answer by stanbon(57967)

Question 370709: Write the equation of a parabola with vertex (-3, 5) passing through (-4, 6). Find the values of x when y=8.

i have NO idea where to even begin.
Click here to see answer by ewatrrr(10682)

Question 370588: The first of two numbers minus four times a second number is at least -4. Three times the first number plus the second number is more than -3. Using x as the first number, and y as the second number, set up a system of inequalities and locate all possible solutions for x and y graphically.
Click here to see answer by ankor@dixie-net.com(15746)

Question 370914: this question is on Retirment funds
five and a half years ago Chris invested $10,000in a retirment fund that grew at the rate of 10.82%/year compounded quarterly. what is his account worth today.
Click here to see answer by rfer(12730)

Question 370972: Gretchen bought a sweater for
$23.89. In addition, she had to pay
$1.43 in sales tax. She gave the sales
clerk $30. How much change did
Gretchen receive from her total
purchase?
Click here to see answer by neatmath(300)

Question 371167: Larry has $20,000 in student loans. Part of this amount is at 4% simple interest the rest is at 6% simple interest. At the end of the first year the interest chargers were $920. Find the amount Larry borrowed at each rate. (Note: Larry did not make any payments on his loan the first year.)
Click here to see answer by mananth(12270)

Question 371147: Mrs. Jones invested 10,000, some in each of two separate accounts. one pays 5% interest and the other 6%.if her combined annual interest is $575, how much does she have invested in each account?
Click here to see answer by mananth(12270)

Question 371331: how much money will there be in an account at the end of five years if $14000 is deposited at 4% interest compounded semi-annaully? ( assume no withdrawls are made.)
Click here to see answer by ankor@dixie-net.com(15746)

Question 371596: This is a practice question that I have and I am completely stuck...
A certain sum of money is invested at 10%. Twice that amount is invested at 8%. The total amount of interest from both investments is $91. How much is invested at 8%.
Here is all that I have
91 = (x)(.1)(1) + (y)(.08)(2)
910 = x + .16y

I am not sure where to go from here and to be honest, I am not even sure if I am on the right track... Please Help ... Thank You

Click here to see answer by checkley77(12569)

Question 371659: For selling a house, a real-estate agent receives 6% of the selling price. What was the selling price of a house for which the agent received $4725?
Click here to see answer by rfer(12730)

Question 371791: The question is
A vending machine takes only nickels and dimes. there are 5 times as many dimes as nickels in the machine. The face value of the coins is 4.40 How many of each coin were in the machine.
I have an equation set up x for nickels and 5y for dimes = 440
Click here to see answer by mananth(12270)

Question 371823: If the sales tax is 20% what would be the tax ona DVD player costing 18,000 ?
Click here to see answer by mananth(12270)

Question 371822: Kim's Mother Bought A House For 2 000 000 And Made A Down Payment Of 20%. What Was The Amount Of The Down Payment?'
Click here to see answer by mananth(12270)

Question 371824: Carlo answered 19 questions correctly and missed 6 questions. What percent of the question did he answer correctly?
Click here to see answer by robertb(4012)

Question 371750: What is the equation to solve this word problem: A bank deposit grew to $2000 in 10 months paying 8% interest. What is the principal? I tried:
2000=x * .08 * (10/12) but not sure if this is correct and don't understand next steps.
Click here to see answer by robertb(4012)

Question 371821: "if a tank contains 105 liters when 70% full, how many liters does it contain when full?"

Click here to see answer by Fombitz(13828)

Question 372003: If a stock is priced at $53, what price does it have to reach to equal a gain of 7%?
Click here to see answer by edjones(7569)

Question 372117: If 20,000 bacteria are present in a culture 2 hours after beginning with 15,000 bacteria ,how many would be present after 15 hours?
Click here to see answer by ewatrrr(10682)

Question 371706: Currently, you have $80 and your sister has $145. You decide to save $6 of your allowance each week, while your sister decides to spend her whole allowance plus $7 each week. How long will it be before you have as much money as your sister?
Click here to see answer by scott8148(6628)

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