# 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 388160: Suppose you inherited \$200,000 and invested it at 6% per year. How much could you withdraw at the end of each of the next 15 years? Click here to see answer by avani(25)

 Question 388278: TUAN DEPOSITED \$1,500 IN A SAVINGS ACCOUNT THAT PAYS AN ANNUAL RATE OF 7%INTEREST COMPOUNDED SEMIANNUALLY. ADELA DEPOSITED \$1,500 IN A SAVINGS ACCOUNT THAT PAYS 8% INTEREST ANNUALLY. HOW MUCH MORE MONEY WILL ADELA HAVE THAN TUAN AT THE END OF THE YEAR? Click here to see answer by solver91311(18785)

 Question 388304: The Happy Home Realty Company sold the Parkers' home for \$178,400. The commission rate was 6 3/4%. How much did the Parkers receive from the sale of their home? Click here to see answer by stanbon(60771)

 Question 388310: Tuan deposited \$1,500 in a saving account that pays an annual rate of 7% interest compounded semiannually. Adela deposited \$1,500 in a savings account that pays 8% interest annually. How much more money will Adela have than Tuan at the end of 1 year? Click here to see answer by solver91311(18785)
 Question 388310: Tuan deposited \$1,500 in a saving account that pays an annual rate of 7% interest compounded semiannually. Adela deposited \$1,500 in a savings account that pays 8% interest annually. How much more money will Adela have than Tuan at the end of 1 year? Click here to see answer by lwsshak3(7679)

 Question 388250: suppose you start up a company to produce a particular product. You have fixed monthly operating costs of \$3200. Also, it costs you \$8 to manufacture each individual unit of your product. You have decided to sell your product for \$12. Write the fuction for your monthly cost, revenue and profit. Click here to see answer by robertb(4012)

 Question 388522: Age at first marriage. The median age at first marriage for females increased from 24.5 years in 1995 to 25.1 years in 2000 (U.S. Census Bureau, www.census.gov). Let 1995 be year 5 and 2000 be year 10. a) Find the equation of the line through (5, 24.5) and (10, 25.1). b) What do x and y represent in your equation? c) Interpret the slope of this line. d) In what year will the median age be 30? e) Graph the equation. Click here to see answer by stanbon(60771)

 Question 388494: Of the drivers who stop at a gas station, 91% purchase gasoline, and 6% purchase both gasoline and oil. A total of 9% purchase oil. (a) What is the probability that a driver purchases gasoline, given that he or she purchases oil? Round your answer to decimal places. (b) What is the probability that a driver purchases oil, given that he or she purchases gasoline? Round your answer to decimal places. Click here to see answer by edjones(7794)

 Question 388750: Elly invested money in an account with a fixed interest rate. The interest is compounded annually. After 5 years her balance was \$2741.69, and after 10 years her balance was \$3416.53. A.Find an exponential equation that models these data. (round the growth rate to thousandths.) B.How much did Elly orignally invest? C.What is the interest rate for the account? Click here to see answer by Alan3354(34677)

 Question 388705: how much money will you have in ten years if you save \$10.00 per week in a savings account that pays 1.50% interest Click here to see answer by Alan3354(34677)

 Question 388524: Basal energy requirement. The basal energy requirement B is the number of calories that a person needs to maintain the life process. For a 28-year-old female with a height of 160 centimeters and a weight of 45 kilograms (kg), B is 1300 calories. If her weight increases to 50 kg, then B is 1365 calories. There is a linear equation that expresses B in terms of her weight w. Find the equation and find the basal energy requirement if her weight is 53.2 kg Click here to see answer by ankor@dixie-net.com(16524)

 Question 388776: If \$2500 is invested at a rate of 11% compounded continuously, find the balance in the account after 4 years. Use the formula A=Pe^rt. a.3795.18 b.3881.77 c.4333.13 d.18472.64 *the answers I'm getting do not match the answers above. please help. Click here to see answer by josmiceli(10616)
 Question 388776: If \$2500 is invested at a rate of 11% compounded continuously, find the balance in the account after 4 years. Use the formula A=Pe^rt. a.3795.18 b.3881.77 c.4333.13 d.18472.64 *the answers I'm getting do not match the answers above. please help. Click here to see answer by jim_thompson5910(29613)

 Question 388775: The formula A=2000e^rt can be used to find the dollar value of an investment of \$2000 after t years when the interest is compounded continuously at a rate of r percent. Find the value of the investment after 6 years if the interest rate is 7%. Find the value of investment after 12 years if the interest rate is 8%. Click here to see answer by stanbon(60771)

 Question 387768: Angie earns \$40,000 per year. Each year she receives a \$1,300 increase in annual salary. What will Angie's annual salary be for the twentieth year? Click here to see answer by robertb(4012)

 Question 387767: Angie earns \$50,000 per year. Each year she receives a \$1,100 increase in annual salary. What will Angie's annual salary be for the twentieth year? Click here to see answer by Fombitz(13828)

 Question 387762: A musician is planning to market a CD. The fixed costs are \$600 and the variable costs are \$6 per CD. The wholesale price of the CD will be \$10. For the artist to make a profit, revenues must be greater than costs. How many CDs, x, must be sold for the musician to break even? Click here to see answer by Fombitz(13828)

 Question 389131: if you deposited the following amounts: Type Volume \$1 bills = 100 \$5 bills = 100 \$10 bills = 100 \$20 bills = 100 Then your average bill size would be. \$9, so how was that figured? Click here to see answer by richard1234(5390)
 Question 389131: if you deposited the following amounts: Type Volume \$1 bills = 100 \$5 bills = 100 \$10 bills = 100 \$20 bills = 100 Then your average bill size would be. \$9, so how was that figured? Click here to see answer by Edwin McCravy(9717)

 Question 389133: A principal of \$2400.00 is invested at 8% interest, compounded annually. How many years will it take to accumulate \$7000.00 or more in the account? Write the answer as a whole number. Click here to see answer by Alan3354(34677)

 Question 389153: A phone company offers two monthly charge plans. In Plan A, there is no monthly fee, but the customer pays \$0.06 per minute of use. In Plan B, the customer pays a monthly fee of \$4.80 and then an additional \$0.03 per minute of use. For what amounts of monthly phone use will Plan A cost more than Plan B? Use m for the number of minutes of phone use in a month, and solve your inequality for m . Click here to see answer by rfer(13569)

 Question 389074: it costs \$3 a day to rent a mario brothers game. it costs \$25 to buy it. what is the greatest number of days the game can be rented without exeeding the purchase price? set up and solve the problem as an inequality. let d be the number of days. be sure to check your answer. Click here to see answer by josmiceli(10616)
 Question 389074: it costs \$3 a day to rent a mario brothers game. it costs \$25 to buy it. what is the greatest number of days the game can be rented without exeeding the purchase price? set up and solve the problem as an inequality. let d be the number of days. be sure to check your answer. Click here to see answer by haileytucki(390)
 Question 389074: it costs \$3 a day to rent a mario brothers game. it costs \$25 to buy it. what is the greatest number of days the game can be rented without exeeding the purchase price? set up and solve the problem as an inequality. let d be the number of days. be sure to check your answer. Click here to see answer by richard1234(5390)

 Question 389317: In planning her retirement, Callie Daniels deposits some money at 2.5% interest, with twice as much deposited at 3%. Find the amount deposited a each rate if the total annual interest income is \$850. Click here to see answer by mananth(13127)

 Question 389318: Linda won \$200,000 in a state lottery. She first paid income tax of 30% on the winnings. Of the rest she invested some at 1.5% and some at 4% earning \$4350 interest per year. How much did she invest at each rate? Click here to see answer by rfer(13569)
 Question 389318: Linda won \$200,000 in a state lottery. She first paid income tax of 30% on the winnings. Of the rest she invested some at 1.5% and some at 4% earning \$4350 interest per year. How much did she invest at each rate? Click here to see answer by mananth(13127)

 Question 389381: A group of people planned to contribute equally towards a water project which needed Sh 2,000,000 to complete. However, 40 members of the group withdrew from the project. As a result, each of the remaining members were to contribute Sh 2,500 more. a. Find the original number of members in the group. b. 45% of the value of the project was funded by a benefactor. Calculate the amount of contribution that would be made by each remaining member of the group. c. Members' contribution were in terms of labor provided and money contributed. If the ratio of the value of labor to the money contributed was 6:19, calculate the total amount of money contributed by the members. Click here to see answer by josmiceli(10616)

 Question 389419: can you please help me, this is a crucial problem for a broject and i need to get a 100, or i'll fail! how many months will it take to pay off a credit card with the balalnce of \$1000 if you only pay the minimum of \$20 a month, and You Annual Percentage Rate is 12.96 % Click here to see answer by Alan3354(34677)
 Question 389419: can you please help me, this is a crucial problem for a broject and i need to get a 100, or i'll fail! how many months will it take to pay off a credit card with the balalnce of \$1000 if you only pay the minimum of \$20 a month, and You Annual Percentage Rate is 12.96 % Click here to see answer by ewatrrr(11175)

 Question 389414: How many months will it atke to pay off a credit card with a balance of of \$1000 if you only pay the minimum payment of \$20 each month? Your Annual Percentage Rate is 12.96% Click here to see answer by ewatrrr(11175)

 Question 389440: Ms. Brown invested \$29,000 in two accounts. One yielding 6% interetst and the other yielding 10%. If she recieved a total of \$2,500 in interest at the end of the year, how much did she invest in each account? Click here to see answer by gwendolyn(128)

 Question 386825: A boats crew rowed 7.5 miles downstream, with the current,in 1.5 hours. The return trip upstream, against the current,coverred the same distance, but took 2.5 hours.Find the crews rowing rate in still water at the rate of the current. Click here to see answer by gwendolyn(128)
 Question 386825: A boats crew rowed 7.5 miles downstream, with the current,in 1.5 hours. The return trip upstream, against the current,coverred the same distance, but took 2.5 hours.Find the crews rowing rate in still water at the rate of the current. Click here to see answer by Alan3354(34677)

 Question 389626: "A salesman earns 5% commission on his total sales and a flat rate of \$15 an hour. If he earned \$1250 in one 30-hour work week, what were his total sales that week? Show work to support your answer." I tried doing 30*15 to get the amount he made per hour, but only got the answer \$450, and that didn't look right to me somehow. It could be but I don't know. I also tried learning how to do percentages but it didn't help with this problem. I just don't understand how to get the total amount of sales from that information and need your help. Click here to see answer by josmiceli(10616)

 Question 389666: Bill has 4 times as many quarters as dimes.In all he has \$2.20.How many coins of each type does he have? Click here to see answer by haileytucki(390)
 Question 389666: Bill has 4 times as many quarters as dimes.In all he has \$2.20.How many coins of each type does he have? Click here to see answer by richard1234(5390)

 Question 389701: A grocery store buys 20 pounds of beef for \$18.50 and marks it up 35%. What is the price for the customer? Click here to see answer by ewatrrr(11175)

 Question 389775: if you had \$36000 compound 5% per year then compounded it 35 years, what would it be? Click here to see answer by jim_thompson5910(29613)

 Question 389761: four years ago, jonny invested \$4000 at 5.4% intrest compunded annually. five years ago, he invested \$3700 at 5.6% intrest compounded quartly. when are the two investments worth the same (or has the smaller one alwreday surprassed the greater one)? Click here to see answer by stanbon(60771)

 Question 389909: Anne has \$3.90 in dimes and quarters she has 4 more dimes than quarters how many coins of each kind does she have. Click here to see answer by stanbon(60771)

 Question 389903: Mr. Baum invested \$8000, a part at 4% aand the rest at 9% the total annual income was \$495. Find the amount invested at each rate Click here to see answer by rfer(13569)

 Question 390029: a friend loaned me his credit card for \$1600. and for 15 month.his credit card charges 7% ,how much money should i pay him? Click here to see answer by rfer(13569)

 Question 390227: How do i figure what the 6% sales tax is when it is already included? Sales tax + cost= 25387.00 Click here to see answer by stanbon(60771)

 Question 390252: A car originally priced at \$12,000 is sold at a 20% discount. Find the sale price. Click here to see answer by MathLover1(7480)