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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 3129: tickets to a high scholl play cost $1.10 for each adult and 40 cents for each child. if 360 tickets are sold for a total of $282.60 how many tickets of each kind are sold?
Click here to see answer by vhardiker(2)

Question 3285: Tom invested 13,000.00 for one year, part at 9 percent annual interest and the rest at 7 percent annual interest. How much must he invest at 9 percent to get $1000.00 in interest in a year?
Click here to see answer by sujatha.krishna(11)

Question 3855: I have been stuck on this problem for three days now...anyone who could help will be greatly appreciated!! Thanks in advance:
John invested P dollars in a 2 year CD with an annual rate of return of r. After the CD rolled over two times, it's value was P((r+1)^2)^3. 1)
Which law of exponents can be used to simplify the expression? 2) Simplify it.
Click here to see answer by longjonsilver(2297)

Question 3986: what equation do I use for this type of problem?
A BOND PAYS 12% ANNUAL INTEREST COMPOUNDED CONTINUOUSLY. IF $10,000 IS INVESTED INITIALLY, WHEN WILL THE BOND BE WORTH $30,000? ROUND TO THE NEAREST YEAR.
Click here to see answer by longjonsilver(2297)

Question 4130: A man invested $16,000.00. He invested a portion at 6% and the balance at 8%. If he receives $260.00 every 3 months, how much did he invest at each rate?
Click here to see answer by rapaljer(4667)

Question 4143: Elena must get at least $120,000 for her house in order
to break even with the original mortgage. If the real estate
agent gets 6% of the selling price, then what should the
selling price be?
I tried to use your example link for this question,
but the link errors out.
Need help in setting up the variables for the equation.
Thanks
Click here to see answer by AnlytcPhil(1277)

Question 4186: Okay. I know I asked this already, and I thank you longjohnsilver for your post; but quite frankly, that makes no sense. I need some kind of basic formula for annual interest. I remember learning it, but can't recall it all.
A BOND PAYS 12% ANNUAL INTEREST COMPOUNDED CONTINUOUSLY. IF $10,000 IS INVESTED INITIALLY, WHEN WILL THE BOND BE WORTH $30,000? ROUND TO NEAREST YEAR.
Click here to see answer by longjonsilver(2297)

Question 4267: ALRIGHTY
THE MURRAYS HAVE INVESTED MONEY IN TWO ACCOUNTS. ONE PAYS 7% INTEREST AND THE OTHER PAYS 8.5% INTEREST. THEY INVESTED $1000 MORE AT 8.5% THAN THEY INVESTED AT 7%. IF THE TOTAL INTEREST EARNED IN ONE YEAR IS $395, HOW MUCH MONEY HAVE THEY INVESTED IN EACH ACCOUNT?
GOD BLESS
Click here to see answer by rapaljer(4667)

Question 3518: A taxi charges an initial charge of $3. Your fare will be computed as the $3 charge plus 20 cents for every mile traveled.
a) Write the cost (C) of a taxi ride in terms of the number of miles ridden (X).
b) If the fare is $4.70, how far did you ride?
Click here to see answer by ntnk(54)

Question 4444: The cost of constructing a 5-foot by 7-foot deck is $192.50. If the cost varies jointly (section 9.5) as the length and width, then what does am 8-foot by 10-foot deck cost?
Click here to see answer by rapaljer(4667)

Question 4539: "A man invested a total of $22,000 in any two investments. He made a profit of 7% on the first investment and 2% on the second investment. If his total profit was $920, what was the amount of each investment?"
Is there a formula for this type of problem.
Click here to see answer by guapa(62)

Question 4700: If an annual rate of 7.5% in simple interest is charged on a loan of $290 and no payments are made for 9 months, to the nearest whole cent how much is owed?
Click here to see answer by XOXO(1)

Question 4746: Solve the problem:
Jill is 22.5 kilometers away from Joe. Both begin to walk toward each other at the same time. Jill walks at 1.5 km/hr. they meet in 5 hours. How fast is Joe walking?

solve the problem:
roberto invested some money at 6%, and then invested $4000 more than twice this amount at 11%. His total annual income from the two investments was $3800. How much was invested at 11%?

solve the problem:
A woman has $1.70 in dimes and nickels. She has 2 more dimes than nickels. How many nickels does she have?
thanks

Click here to see answer by longjonsilver(2297)

Question 4716: For the first six years, the loan value of a Corvette is determined by the formula
V = – 4000a + 50000, where V is the value and a is the age of the car in years. What was its original value? What is its value when it is 5 years old?

Click here to see answer by Abbey(339)

Question 4876: What is the equation and solution to find how long it takes for an investment to double in value if it is invested at 8% compounded monthly?
Click here to see answer by ichudov(499)

Question 5086: Juanita bought sixteen 12-packs of soft drinks for the picnic. Some cost $2.79 each, and the rest cost $2.99 each. If she spent $46.04 on soft drinks, how many of each did she buy? Please explain and solve.
Click here to see answer by rapaljer(4667)

Question 5245: an investor deposits $100,000 into two accounts. Twice the larger deposit is $25,000 less than three times the smaller deposit. Find the amount deposited in each account.
Click here to see answer by arunpaul(104)

Question 5308: Gordon figured that when he saved $21 more, he would have one-fourth of the money for the camera he wanted. How much does the camera cost if he had already saved one-sixth of the amount?
Click here to see answer by ichudov(499)

Question 5378: The petty-cash drawer of a small office contained $16.25. If there were twice as many nickels as quarters and as many dimes as nickels and quarters combined; how many coins of each type were there?
Click here to see answer by Abbey(339)

Question 5377: A man left one-fourth of his estate to his wife, one-fifth to each of his two sons, one-eighth to his daughter and the remainder, an amount P32,000 to charity. Find the amount of the estate.
Click here to see answer by Abbey(339)

Question 5870: abebe has $6.65 in nickels and dimes. if he has a total of 99 coins how many of each does he have?
Click here to see answer by ichudov(499)

Question 5870: abebe has $6.65 in nickels and dimes. if he has a total of 99 coins how many of each does he have?
Click here to see answer by CharStar(110)

Question 5956: A bank loaned out $55,000, part of it at a rate of 11% per year and the rest at a rate of 6% per year. If the interest received was $4800, how much was loaned at 11%?

I've missed this question on my last 3 quizzes because I have no idea where to start. I would really appreciate your help...my instructor only answers questions by email and his email is down at the moment. Thank you..
Click here to see answer by ichudov(499)

Question 5967: Sales reduction force a factory to cut back its output by 20%. By what percent must the reduced sales be increased to allow production to be brought back to normal?
Click here to see answer by prince_abubu(198)

Question 6154: Sally Shoes is having a sale. Pumps for $50.00 with 50% off. x=(0.50)(50)=25.00 50.00-25.00=25.00 The sale price is $25.00. Is this correct?
Click here to see answer by CharStar(110)

Question 6153: Retail dress shop used a mark up rate of 50%. The dress cost the retailer 25.00. The markup is 50% of the cost so the markup is: (0.50)(25)=$12.50, $25 + $12.50= 37.50 The item sold for $37.50. Is this correct?
Click here to see answer by CharStar(110)

Question 6211: Please solve this word problems for me. I need the algebra equation along with the answer, please.
Mardi received an inheritance of $60,000. She invested part at 8% and deposited the remainder in tax-free bonds at 7%. Her total annual income from the investment was $4700. Find the amount invested at 8%.
thanks

Click here to see answer by Earlsdon(6287)

Question 6356: A=$6000 P= $1000 interest is 12% compounded quarterly Find # of interest periods
Click here to see answer by AnlytcPhil(1277)

Question 6400: first question:
how much money will you have to deposit in the bank today to buy a house, which will be worth $250,000 five years from now? the bank is charging 6% compounded yearly interest?
250000 = (2.06P)5 250000/5 = 2.06/5 50000?
250000/ (1 + .06/2) 10
second question:
how much money will you have to deposit in the bank today to buy a boat which will be worth $7500 four years from today? use 6% simple interest.

hi there,
ugh! im so stuck., please please help me, thanks!
jen
Click here to see answer by longjonsilver(2297)

Question 7241: I can not figure out the formula for the folliwng problem.
Robert inherited $4000 from grandmother. Part was invested at 5% while the rest was invested at 6.5%. The interest for the yearw as $227. How much was invested at 6.5%
Click here to see answer by ichudov(499)

Question 7663: A man dies and leaves half of his wealth to his wife. He leaves 1/7 of his wealth to his son. He leaves 2/3 of his wealth to his servant and $2,000 to his dog. How much total wealth did the man have?
Click here to see answer by glabow(165)

Question 8026: The sales price of a car is $12,590, which is 20% off the original price. What is the original price?
Click here to see answer by glabow(165)

Question 7716: An investment of $1500 paid interest of $45 during a certain period. How much interest would an investment of $2000 invested at the same rate for the same length of time pay?
Thank you in advance!!
Click here to see answer by CharStar(110)

Question 8186: I have a word problem that is a little confusing for me to put into an equation. I have the answer, which I believe to be correct but don't know how to write it. I have an answer of $258.75 but don't know how to right it in an equation for algebra. Any help here would be appreciated.
Ramon owes $780 on his VISA account. He returns three items costing $43.10, $36.80, and $125.00 and receives credit on his account. Next, he makes a payment of $400. He then makes a purchase of $82.75. How much does Ramon still owe?
Click here to see answer by Earlsdon(6287)

Question 8338: If $51.30 is earned in one year on an original deposit of 950.00, what is the rate of interest??
Click here to see answer by bonster(299)

Question 8420: I need help with this problem i can't remember how to figure it out.
Ticket sales for a play total $2200 there are 3 times as many adult tickets sold as childrens tickets. The prices of the tickets for adults and children are $6 and $4 respectively. Find the number of childrens tickets sold.
Click here to see answer by elima(1433)

Question 8580: Monica invested PHP 200,000 at a certain interest rate and PHP 300,000 at a rate 2/3 as high. If annual income from the two investments is PHP 36,000, find the interest rate of each investment.
Click here to see answer by prince_abubu(198)

Question 7890: These are just examples but, I can't quite figure them out and I'm trying to learn how to understand and do them can you help. Here they are
1. A carpenteer presents you with a bill for $423 including labor and supplies. If the carpenter charges $40 per hour for labor and $163 for supplies, how many hours did he work?
2. You deposit a total of $4,000 in two accounts. One account pays 5%interest and the other pays6% interest. At the end of the first year, the interest is $223.60. How much interest was invested in each account?
Just wanna understand how to do these examples.
Click here to see answer by DoodleBopper(4)

Question 8577: Dante works as a sales representative for mitsubishi Motors. He recieves a monthly salary of PHP 12,500 and a 4% commision on sales above PHP 1,000,000. What must his sales be so he could earn PHP 25,000?
Click here to see answer by prince_abubu(198)

Question 8579: Rita invested a portion of her retirement money of PHP 317, 000 at 9% and the remainder at 10&. If the total income is PHP 30,200, how much did she invest at each rate?

Click here to see answer by rapaljer(4667)

Question 8598: Cynthia invested three times as much money at 6% as at 5%. If the total simple interest for one year is $1150, how much has Cynthia invested at 5%?
Click here to see answer by rapaljer(4667)

Question 8601: You inherit $18,750 with the stipulation that for the first year the money must be placed in two investments paying 10% and 12% annual interest, respectively. How much should be invested at each rate if the total interest earned for the year is to be $2117?
Click here to see answer by rapaljer(4667)

Question 8787: A man invested $6,000, part of it at 5% simple interest and the rest at 7% simple interest. If his annual interest income is $372, how much did he invest at each rate?
Click here to see answer by Earlsdon(6287)

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