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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 457699: A long-distance telephone company offered a flat rate of 5 cents per minute, with a 90-cent minimum charge per completed call. Find the cost in cents per minute, for a 17-minute call.
Click here to see answer by rfer(12660)

Question 457766: A salesman earns $250 per week PLUS a 10% commission on all sales over $5000. In one week, his sales totaled $14,000. What were his earnings that week?
Click here to see answer by rfer(12660)

Question 458032: Jack agrees to pay back a $50,000 loan over a 10year period. If the interest rate is 8%, what will his monthly payment be?

I got $4000 i donk know if its right.
Click here to see answer by josmiceli(9678)

Question 458243: Your bill is $70.00, and you want to leave a tip of 15% for the waiter. How much money should you pay?
Click here to see answer by Alan3354(30993)

Question 458230: The word problem is....A retailer spent $48 to purchase a number of special mugs. Two of them were broken in the store but by sellimg each of the remaining mugs at $3 above the original cost per mug she made a total profit of $22. Construct an equation that will allow us to solve for the number of mugs, denoted by n, that were originally purchased.
If the price for n mugs is $48, how can we express the cost per mug?
Click here to see answer by ankor@dixie-net.com(15652)

Question 458160: Ed bought $2,000 in stock shares one week before the stock price dropped $10.00. If he had waited for the price setback, he could have bought 10 more shares for the same amount. How many shares did he buy?
Click here to see answer by oberobic(2304)

Question 458450: One-fourth of the cars purchased at a dealership are luxury models. If 360 luxury models were purchased last year, how many total cars were purchased?
I first converted 1/4 into decimal which is 0.25, and now i dont know what to do. Do i multiply it with 360 which gives me 90 or do i divide it which will give me 1440? Both numbers show up on my multiple answer sheet. It confuses me. Someone plz clarify it for me.
Click here to see answer by richwmiller(9135)

Question 458639: a principal of 5000 is invested at 3.5% intrest rate annually after 5 years how much would the investment be worth?

Click here to see answer by rfer(12660)

Question 458724: In how many years will a sum double itself at 7.5% simple interest?
Click here to see answer by richwmiller(9135)

Question 458722: Sixteen people share 5 pieces of candy, each.
How many pieces of candy does each person get? __________ pieces. Are there any pieces left? Yes No
How many? _____________ piece

Click here to see answer by richwmiller(9135)

Question 458796: please help me solve this problem. a person wishes to invest $20.000 int two enterprises so total income per year will be $1440. one enterprise pay 6% annualy, the other has more risk and pays 7,5% annualy. how much must be invested in each?
Click here to see answer by amoresroy(333)

Question 458866: If a ring costs a jeweler $220, at what price should it be sold to yield a profit of 50% on the selling price?
Click here to see answer by stanbon(57347)

Question 458865: Eva invested a certain amount of money at 7% interest and $1400 more than that amount at 12%. Her total yearly interest was $795. How much did she invest at each rate?
at 7% $______
at 12% $______

Click here to see answer by stanbon(57347)

Question 458915: Compound interest. if $1000 is invested at a rate of 7% per year compounded monthly what is the principal after
a. 1 month
b. 6 months
c. 1 year
d. 20 years
Click here to see answer by richwmiller(9135)

Question 458914: Compound interest. if $1000 is invested at a rate of 7% per year compounded monthly what is the principal after
a. 1 year
b. 6 months
c. 1 year
d. 20 years
Click here to see answer by richwmiller(9135)

Question 458918: a mother wants to invest $5000 for their children's education. She invests a portion of the money in a bank certificate of deposit (CD account) which earns 4% and the remainder in a savings bond that earns 7%. If the total interest earned after one year is $300, how much money was invested at each rate?
Click here to see answer by richwmiller(9135)

Question 458942: Please help me to find the value of p. When the price of a product is p dollars each, suppose that a manufacturer will supply (2p-8) unit of the product to the market and that consumers will demand to buy (300-2p) units. At the value of p for which supply equals demand, the market is said to be in the equilibrium.
Click here to see answer by htmentor(789)

Question 458926: Please help me to solve this problem. Suppose that customers will purchase q unit of a product when the price is (80-q)/4 dollars each, how many units must be sold in order that sales revenue be $400?
Click here to see answer by ankor@dixie-net.com(15652)

Question 459123: (1) How much money will you have in an account after 10 years if you deposit $5000 into the account and it pays 5% annual interest (a) compounded quarterly? (b) if it is simple interest (This can be done even without a fancy calculator.)

Click here to see answer by rfer(12660)

Question 459256: a person invested 50000 into two accounts that pays 8 percent and 6 percent interest anually. find out the amount acount if the total interest earned after one year is 3600.
Click here to see answer by josmiceli(9678)

Question 459423: John depostited $100 at a 3% annual interst rate in a saving account fifty years ago, and then he promptly forgot he had done it. recently, he wa cleaning out his home office and discovered the forgotten bank book. how much money is in the account
Click here to see answer by rfer(12660)

Question 459451: If a truck carrying a shipment of 10,000 apples got into an accident, and 25% were destroyed, how many apples would be destroyed?
Click here to see answer by rfer(12660)

Question 459452: Q. Bob Decides to invest 20% of his paycheck in his IRA. He ivested a total of $300. How much was his paycheck?
A. a) $60 b) $240 c) $1500 d) $1800
Click here to see answer by rfer(12660)

Question 459458: Q. Acme has 126 employees. If twice as many men work for Acme as women, how many men work for Acme?
A. a)33 b)42 c)54 d)84 e)92
Click here to see answer by solver91311(16885)

Question 459561: 7000 in bank account at 4.5% interest compounded annually how much money will be in the account after 6 years
Click here to see answer by Jstrasner(106)

Question 459575: Please help me solve this problem. The Davis Company manufactures a product that has a unit selling price of $20 and a unit cost of $15. If fixed costs are $600,000 , determine the least number of units that must be sold for the company to have a profit.
Click here to see answer by math-vortex(472)

Question 459585: Please help me to solve this problem. A company invests a total of $30,000 or surplus funds at two annual rates of interest : 5% and 6.75%. It wishes an annual yield of no less than 6.5%. What is the least amount of money that the company must invest at the 6.75% rate?
Click here to see answer by lwsshak3(6505)

Question 459574: Please help me solve this problem. A company manufactures products A and B. The cost of producing each unit of A is $2 more than that of B. The costs of production of A and B are $1500 and $1000, respectively, and 25 more units of A are produced than of B. How many of each are produced?
Click here to see answer by lwsshak3(6505)

Question 459604: 12% of 2,500 show the work pls
Click here to see answer by nerdybill(6958)

Question 459572: Please help me solve this problem. A land investment company purchase a parcel of land for $7200. After having sold all but 20 acres at a profit of $30 per acre over original cost per acre, the company regained the entire cost of the parcel. How many acres were sold?
Click here to see answer by ankor@dixie-net.com(15652)

Question 459918: This is a Simple Interest exercise.
Gilbert White wants to borrow $2250 for 3 years to remodel his garage. The anual rate is 18%. If the principal and interest are repaid in equal monthly installments, how much will each installment be?
The answer is $96.25. I want to know how to get that answer. I tried the I=Prt and didnt get close to that answer.
Click here to see answer by stanbon(57347)

Question 459970: An education loan of $8400 for ten years is to be repaid in monthly installments of $122.50. What is the annual of this loan, computed as simple interest?
Click here to see answer by rfer(12660)

Question 460151: An accountant has money in three accounts that pay 8%, 10%, and 11% in annual interest. He has twice as much invested at 8% as he does at 10% and three times as much invested at 11% as he does at 10%. If the total interest from the three accounts is $472 for the year, how much is invested at each rate? (Hint: Let x = the amount invested at 10%.)

Click here to see answer by JimboP1977(308)

Question 460293: Suppose you are setting up for a mall business and have invested $10,000 to produce an item that will sell for $15. If each unit can be produced for $9 how many units must you sell to break even?
Click here to see answer by rfer(12660)

Question 460312: If 4x - 7 = 2x + 5, what is x?
Click here to see answer by rfer(12660)

Question 460360: Ellen’s charge card statement states that the effective annual interest rate is
18.9%. Calculate the nominal rate of interest compounded daily.
Click here to see answer by stanbon(57347)

Question 460375: PLEASE HELP THIS IS URGENT !!!!
Sally is got 47.1% the first term and 44.1% the second. She has a final exam worth 20% of her overall grade coming up. If she wants to get 65%, whta percentage does she need on her final exam?
Click here to see answer by Charazzzzz(2)

Question 460362: Three years ago, Frank signed a 5 year promissory note for $10,000 plus
interest at 12% compounded monthly.
Click here to see answer by richwmiller(9135)

Question 460416: Sally got 47.1% the first term and 44.1% the second. She has a final exam worth 20% of her overall grade coming up. If she wants to get 65%, whta percentage does she need on her final exam?

Click here to see answer by richwmiller(9135)

Question 460470: At 6.9% interest, compounded continuously, after 8 years there is $56,572.01, how much money did they start with?
Click here to see answer by stanbon(57347)

Question 460474: How long will it take $1100 to grow to $1900 at 6.5% interest compounded continuously? Round to the number of years to the nearest hundredth.
Click here to see answer by nerdybill(6958)

Question 460498: Carlos invested his savings in two investment funds. The amount he invested in Fund A was 4 times as much as the amount he invested in Fund B. Fund A returned a 3% profit and Fund B returned a 2% profit. How much did he invest in Fund B, if the total profit from the two funds together was $1540 ? .
Click here to see answer by nerdybill(6958)

Question 460556: a computer store bought a program for $7.00 and sold it for $10.00 Find the dollar amount markup and the percent markup based on the selling price.
Click here to see answer by rfer(12660)

Older solutions: 1..45, 46..90, 91..135, 136..180, 181..225, 226..270, 271..315, 316..360, 361..405, 406..450, 451..495, 496..540, 541..585, 586..630, 631..675, 676..720, 721..765, 766..810, 811..855, 856..900, 901..945, 946..990, 991..1035, 1036..1080, 1081..1125, 1126..1170, 1171..1215, 1216..1260, 1261..1305, 1306..1350, 1351..1395, 1396..1440, 1441..1485, 1486..1530, 1531..1575, 1576..1620, 1621..1665, 1666..1710, 1711..1755, 1756..1800, 1801..1845, 1846..1890, 1891..1935, 1936..1980, 1981..2025, 2026..2070, 2071..2115, 2116..2160, 2161..2205, 2206..2250, 2251..2295, 2296..2340, 2341..2385, 2386..2430, 2431..2475, 2476..2520, 2521..2565, 2566..2610, 2611..2655, 2656..2700, 2701..2745, 2746..2790, 2791..2835, 2836..2880, 2881..2925, 2926..2970, 2971..3015, 3016..3060, 3061..3105, 3106..3150, 3151..3195, 3196..3240, 3241..3285, 3286..3330, 3331..3375, 3376..3420, 3421..3465, 3466..3510, 3511..3555, 3556..3600, 3601..3645, 3646..3690, 3691..3735, 3736..3780, 3781..3825, 3826..3870, 3871..3915, 3916..3960, 3961..4005, 4006..4050, 4051..4095, 4096..4140, 4141..4185, 4186..4230, 4231..4275, 4276..4320, 4321..4365, 4366..4410, 4411..4455, 4456..4500, 4501..4545, 4546..4590, 4591..4635, 4636..4680, 4681..4725, 4726..4770, 4771..4815, 4816..4860, 4861..4905, 4906..4950, 4951..4995, 4996..5040, 5041..5085, 5086..5130, 5131..5175, 5176..5220, 5221..5265, 5266..5310, 5311..5355, 5356..5400, 5401..5445, 5446..5490, 5491..5535, 5536..5580, 5581..5625, 5626..5670, 5671..5715, 5716..5760, 5761..5805, 5806..5850, 5851..5895, 5896..5940, 5941..5985, 5986..6030, 6031..6075, 6076..6120, 6121..6165, 6166..6210, 6211..6255, 6256..6300, 6301..6345, 6346..6390, 6391..6435, 6436..6480, 6481..6525, 6526..6570, 6571..6615, 6616..6660, 6661..6705, 6706..6750, 6751..6795, 6796..6840, 6841..6885, 6886..6930, 6931..6975, 6976..7020, 7021..7065, 7066..7110, 7111..7155, 7156..7200, 7201..7245, 7246..7290, 7291..7335, 7336..7380, 7381..7425, 7426..7470, 7471..7515, 7516..7560, 7561..7605, 7606..7650