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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 49369: Allen bought 20 stamps at the post office in 37¢ and 20¢ denominations. If the total cost of the stamps was $7.06, how many 37¢ stamps did Allen buy?
Click here to see answer by venugopalramana(3286)

Question 49368: Anna has 12 bills in her wallet, some $5 and some $10. The total value of the bills is $100. How many of each bill does Anna have?
Click here to see answer by aaaaaaaa(138)

Question 49519: Stan invested $5,000, part at 8% and part at 17%. If the total interest at the end of the year is $490, how much did he invest at 8%?
Click here to see answer by checkley71(8403)

Question 50094: You are going to invest $25,000,part at 14% and part at 16%. What is the most that can be invested at 14% to make at least $3600 interest per year?

PlEaSe HeLp Me SuMbOdy!!! :(
the back of the book says $20,000 but i dont get the same answer can u teach me how to do this please!!!!!
Click here to see answer by stanbon(57387)

Question 50096: An investment of P dollars made at the simple interest rate r for t years will grow to a total T=P+Prt. For an investment of $10,000 to grow at least $12,000 in two years, what is the minnimum interest rate at which it can be invested?

PlEaSe HeLp Me SuMbOdy!!! :(
can u teach me how to do this please!!!!!
Click here to see answer by stanbon(57387)

Question 50095: On your new Job you can be paid in 1 of 2 ways.
Plan A: A salary of $500per month plus a commission of 4% of total sales
Plan B: A salary of $750 per month plus a commission of 5%of total sales over $8000
For what amount of sales is Plan B better than Plan A, assuming that total sales are always more than $8000?

PlEaSe HeLp Me SuMbOdy!!! :(
can u teach me how to do this please!!!!!
Click here to see answer by stanbon(57387)

Question 50082: On your new Job you can be paid in 1 of 2 ways.
Plan A: A salary of $500per month plus a commission of 4% of total sales
Plan B: A salary of $750 per month plus a commission of 5%of total sales over $8000
For what amount of sales is Plan B better than Plan A, assuming that total sales are always more than $8000?
Click here to see answer by Earlsdon(6287)

Question 50103:
I think I got this one figured out but again a pair of expert eyes would be great and extremely appreciated. Thanks!! Andrea
If I invest $1000 on May 18th in a savings account that pays 10% interest compounded every month, and I invest $1000 (on the same day) in an account which pays 10% interest that is compounded continuously:
(a)
Which will be worth more in one year?
Monthly
A = P(1 + r)^t
A = 1000(1 + .1)^12
A = $3138.43
Continuously
A = Pe^(rt)
A = 1000e^((.1)(1))
A = $1105.17
(b)
By how much?
$3138.43 – $1105.17 = $2033.26

Click here to see answer by venugopalramana(3286)

Question 50083: An investment of P dollars made at the simple interest rate r for t years will grow to a total T=P+Prt. For an investment of $10,000 to grow at least $12,000 in two years, what is the minnimum interest rate at which it can be invested?
Click here to see answer by lkwtcnj(8)

Question 50071: An investment of P dollars made at the simple interest rate r for t years will grow to a total T=P+Prt. For an investment of $10,000 to grow at least $12,000 in two years, what is the minnimum interest rate at which it can be invested?

PLEASE HELP ME
Click here to see answer by tutorcecilia(2152)

Question 50130: How many dollars would I have to spend to acquire 100,000 yen required if the US equivalent was .009048 and currency per US dollar was 110.52 ?
I have not the slightest idea...Please Help!!
Click here to see answer by stanbon(57387)

Question 50225: Three individuals form a partnership and agree to divide the profits equally. X invests $9,000, Y invests $7,000, Z invests $4,000. If the profits are $4,800, how much less does X receive than if the profits were divided in proportion to the amount invested?
Click here to see answer by stanbon(57387)

Question 50258: The school book store sold 8 more pencils than pens one day. The cost of a pencil is $.05, and the cost of a pen is $.20. If the day's sales of pens and pencils totaled $8.90, how many pencils were sold?
Click here to see answer by Nate(3500)

Question 50223: A sum of $10000 is split, and the two parts are invested at 5% and 6% respectively. if the interest from the 5% investment exceeds the interest from the 6% investment by $60, how much is invested at each rate?
Click here to see answer by Nate(3500)

Question 50469: penny spent 3/8 of her monthly salary on rent, and 1/3 of her monthly salary on food. If she has $294 left, what is her monthly salary.
Click here to see answer by venugopalramana(3286)

Question 50585: Investment Income: Tara paid one-half of her game-show winnings to the government for taxes. She invested one-third of her winnings in Jeff's copy shop at 14% interest and one-sixth of her winnings in Kaiser's German bakery at 12% interest. If she earned a total of $4000 on the investments in one year, how much did she win on the game show?
Click here to see answer by checkley71(8403)

Question 50618: How do you solve this word problem:
Roger, Sue and Tim have $90 between them. Roger has halt the amount that Sue has. If Sue gives Tim $5, he will have twice as much as she does. How much does each one have?
Please show and explain each step. Thank you so much.
Click here to see answer by stanbon(57387)

Question 50769: I'm having trouble with this money word problem. The sum of $224 was divided among 3 people so that the second person received $1 less than twice as much as the first, and the third person received $11 more than the second. How much did each person receive? Thanks Chels
Click here to see answer by checkley71(8403)

Question 50848: Arelen wishes to invest $5000. If she invests part at 7% simple interest, part at 6%, and receives a total of $332 after one year, how much does she invest at each rate?
Click here to see answer by checkley71(8403)

Question 50933: You got a big bonus at work, and a raise. Instead of making the thirty-sixth payment on your truck, you decide to pay the remaining balance and terminate the loan.
a. Use the actuarial method to determine how much interest will be saved(the unearned interest, u) by repaying the loan early.
b.Find the payoff amount.
Click here to see answer by stanbon(57387)

Question 51124: ok IN 5 seconds a athlete runs 40 feet what was his speed.
Click here to see answer by checkley71(8403)

Question 51264: 70) Cost of Material. A rectangular box with volume 320ft cubed is built with a square base and top. The cost is $1.50/ft.squared for the bottom, $2.50/ft.squared for the sides, and $1/ft.squared for the top. Let x=the length of the base, in feet.
Click here to see answer by THANApHD(104)

Question 51336: A coffee merchant has coffee beans that sell for $ 9 per pound. The two types are to be mixed to create 100lb of a mixture that will sell for $ 11.25 per pound. How much of each type of bean should be used in the mixture?
Click here to see answer by stanbon(57387)

Question 51330: Please Help on word problem....Thank you

Tare paid one-half of her game-show winning to the government for taxes. She invested one-third of her winnings in Jeff's copy shop at 14% interest and one-sixth of her winnings in Kaiser's Bakery at 12% interest. If she earned a total of $4000 on the investment in one year, then how much did she win on the game show??
Click here to see answer by checkley71(8403)

Question 51678: Wendy, a loan officer at a bank, has 1,000,000 dollars to lend and is required to obtain an average return of 18% per year. If she can lend at the rate of 19% or at the rate of 16%, how much can she lend at the 16% and still meet her requirement?
Click here to see answer by checkley71(8403)

Question 51845: An investor plans to invest part of 5,000$ in a stock that pays 8% interest annually. The rest will be invested in a savings account that pays 6% interest annually The investor wants to make at least 350$ on the investment for the first year. What is the least amount that should be invested in the stock.
Click here to see answer by checkley71(8403)

Question 51976: Please please help with the following problem - A nursery has $20,000 of inventory in dogwood trees and red maple trees. The profit on a dogwood tree is 25% and the profit on a red maple is 17%. The profit for the entire stock is 20%. How much was invested in each type of tree?
Thank you very much!!!!
Click here to see answer by josmiceli(9697)

Question 52020: diana bought a football helmet that originally cost $39 the helmet was on sale at 15% off find the discount
Click here to see answer by Help!!!(3)

Question 52085: David split his $25,000.00 inheritance between Fidelity Short-Term Bond with an annual yield of 5% and T.Rowe Price Tax-Free Short Intermediate Fund with an annual yield of 4%. If his total income for one year on the two investments was $1140.00, then how much did he invest in each fund?
Click here to see answer by checkley71(8403)

Question 52258: What am I doing wrong? How would you set this up as an equation?
The Michigan plant of DynoTech Industries is four times as old as the Ohio plant. If the difference in the ages of the two plants is 9 years, what is the age of each?
x+4x=y-9
I didn't bring my text book, but I'll find out if I have another problem.
Thank You
Click here to see answer by rchill(405)

Question 52408: Business and finance. The revenue for a sandwich shop is directly proportional
to its advertising budget. When the owner spent $2000 a month on advertising, the
revenue was $120,000. If the revenue is now $180,000, how much is the owner
spending on advertising?
Click here to see answer by ChillyWiz(11)

Question 52406: Please help, Im not sure even where to start.
Demand on Pools. Tropical Pools sells and aboveground model for p dollars each. The monthly revenue from the sale of this model is given by
R= -0.08p^2 + 300p
Revenue is the product of the price p and the demand (quantity sold).
a) factor out the price on the right-hand side of the formula.
This Ive attempted but am unsure of its accuracy: R= -.08p^2 + 300p = -.08p(p - 3750)
b) What is the expression for the monthly demand?
c) What is the monthly demand for this pool when the price is $3000?

Click here to see answer by stanbon(57387)

Question 52907: Craig is saving to buy a vacation home. He inherits some money from a wealthy uncle, then combines this with the $20800 he has already saved and doubles the total in a lucky investment. He ends up with $136000 , just enough to buy a cabin on the lake. How much did he inherit?
Click here to see answer by checkley71(8403)

Question 53055: Separate 150 into two parts such that 4 times the larger exceeds 5 times the smaller by 60.
Click here to see answer by checkley71(8403)

Question 53065: Angela Raimondi wants to invest $8500,part at 14% annual interest and part at 12% annual interest.If she wants to earn the same amount of interest from eavh investment,how much should she invest at 14%?(Round the answer to the nearest cent.)
Click here to see answer by Nate(3500)

Question 53100: There are 850 Douglas Fir and Ponderosa pine trees in a section of forest. 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 each kind did the company buy?
Click here to see answer by funmath(2925)

Question 53066: In one year, Cholena Youngblood earned the same amount of interest from an investment at 8%annual interest as an investment at 12% percent annual interest.She had invested $1500 more at 8%.How much money did she invest at 12%.
Click here to see answer by ankor@dixie-net.com(15660)

Question 53188: A train leaves NYC for Buffalo, 630 km away, at an average rate of 68 Km/h. At the same time a train leaves buffalo for NYC at an average rate of 58 Km/h. In how many hours will they pass each other?
Click here to see answer by checkley71(8403)

Question 53187: A nut mixture contains 10% cashews. How many kilograms of the mixture and how many kilograms of cashews should be mixed to give 6 Kg of a nut mixture which is 25% cashews?
Click here to see answer by ankor@dixie-net.com(15660)

Question 53186: One solution contains 10% alcohol while another contains 30% alcohol. How many liters of each should be mixed to give 10 L of a solution which is 25% alcohol?
Click here to see answer by ankor@dixie-net.com(15660)

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