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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 591922: how to solve this problem a speed boat travels at a rate of 20 KPH in still water. It travels 55 Km. upstream in the same time that it travels 90 KM downstream. What is the rate of the current
Click here to see answer by stanbon(57307)

Question 592024: A money market fund pays 12.8% per year, compounded semiannually. For a deposit of $5000, this compound interest rate is equivalent to what simple interest rate for 1 year? Give your answer to the nearest tenth of a percent.
Click here to see answer by rfer(12657)

Question 592081: A total of $5,000 was invested, part of it at 5 % interest and the remainder at 7 %. If the total yearly interest amount is $325 , how much was invested at 5 %?

Click here to see answer by mananth(12270)

Question 592414: How much would $150 invested at 8% interest compounded annually be worth after 13 years? Round your answer to the nearest cent.
Click here to see answer by rfer(12657)

Question 592484: how to get 50000.00 compounded 3% monthly in 20yrs
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Question 592873: please help me find the simple interest on a loan of $4500.00, taken out for one year and the annual percentage rate is 6.5%.
Click here to see answer by jim_thompson5910(28550)

Question 593013: how do i solve this: "Suppose that $5 is invested at 4%, compounded quarterly. How much would be in the account after 300 years? Give your answer to the nearest cent.
Click here to see answer by stanbon(57307)

Question 593027: how many twenty dollars bills do you need to make 1500
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Question 593027: how many twenty dollars bills do you need to make 1500
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Question 593026: a bank acount with $200 earns 5 percent interest for a year. what is the balance of the acount in a year?
Click here to see answer by rfer(12657)

Question 593136: Suppose $6,500 is divided into two bank accounts. One account pays 10% simple interest per year and the other pays 4.6%. After two years there is a total of $1000 in interest between the two accounts. How much was invested into the bank account that pays 10% simple interest (rounded to the nearest cent)?
Click here to see answer by mananth(12270)

Question 593172: If college costs $200,000 for 4 years, how much to I need to invest at my son's birth to pay for all 4 years of college using t = 18 at 4% interest. I've been given the formula A = P e ^rt. I don't understand how to calculate this and I don't undestnad what e is? Thank you.
Click here to see answer by scott8148(6628)

Question 593194: how much will 1/3 of $2,700.00 be?
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Question 593194: how much will 1/3 of $2,700.00 be?
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Question 593211: P= $3,000
R = 6%
T = 3 years
What is the interest you would make?
Click here to see answer by rfer(12657)

Question 593190: a bank offers 4%per annum interest which is calculated and added at the end of the year.another bank offers 10%per annum,which is also calculated and added by every year.what is the difference in dollars on a deposit of $1000 after 2 years?

Click here to see answer by rfer(12657)

Question 593292: Molly borrows $1500 at 6% interest compounded quarterly. How much does she owe after one year?
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Question 593287: If a sales tax in your city is 5.1%, how much tax would you pay for an item that costs $53.00?
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Question 593328: You are investing money at 8.5 percent annual interest, compounded continuously. It will take you how many years to double your investment.
Click here to see answer by jim_thompson5910(28550)

Question 593293: Under ideal conditions, a population of rabbits has an exponential growth rate of 11.7% per day. Consider an initial population of 200 rabbits. Find the exponential growth function.
Click here to see answer by jim_thompson5910(28550)

Question 593156: How Do You Write 165,000 In Word Form
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Question 593443: How long will it take $750 to quadruple in an account that pays 4.5% interest compounded continuously?
Click here to see answer by lwsshak3(6491)

Question 593697: Last year, Sam had 30,000 to invest. He invested some of it in an account that paid 5% simple interest per year, and he invested the rest in an account that paid 8% simple interest per year. After one year, he received a total of 2040 in interest. How much did he invest in each account?
Click here to see answer by mananth(12270)

Question 593846: If you invest $12,000 today, how much will have in 6 years at 7 percent?
Click here to see answer by rfer(12657)

Question 593812: what is the future value of $4,000 in a bank account at 4 percent compounded bimonthly?
Click here to see answer by rfer(12657)

Question 593880: How many years will it take an investment of $1000 to double itself when interest is compunded annually at 6%?
Click here to see answer by stanbon(57307)

Question 593893: Tom has a $20 bill, a $10 bill, a $5 bill and a $1 bill. List the total costs possible for items he could buy if he receives no change.
Click here to see answer by AnlytcPhil(1276)

Question 593993: what interest will i receive on £4000 over 4 yrs @ 18%
Click here to see answer by stanbon(57307)

Question 593990: Show work.
Good morning, Please I need help with this problem.Thanks in advance
A credit union pays 7.4% annual interest compound annually. What deposit today (present value)would amount to $200,000 in 10yrs.Hint: Solve the compound interest formula for P.
Click here to see answer by stanbon(57307)

Question 593890: Joh, Kevin and Jane have $120. Jane has a thied of what John has and Kevin has twice as much as Jane. How much money does, in dollars, does Kevin have?
Click here to see answer by ankor@dixie-net.com(15649)

Question 594144: in his wallet Jason has twice as many $5 bills as $20 dollar bills. If the total value of the bill is $90 then how many $5 bills are in his wallet?
I tried:
2x = $5 bills
x = $20 bills
2x + x = $90
3x = 90
x = 30
Therefore there are 60 $5 bills. This is incorrect.

Click here to see answer by jim_thompson5910(28550)

Question 594237: you have $10000.00 to invest. You invest part of it at 4% per year term deposit, and the rest of it at 5% per year on a bond market. At the end of the year you have earned $440.00. How much did you earn on each percentage.
Click here to see answer by mananth(12270)

Question 594381: Can you help me with this word problem:
If the cost of a gallon of milk increases from $2.25 per gallon to $2.45 per gallon, what percent increase is this?
I set the problem up: .20 = p x 2.45 After working it out - I got 8%.
Is that correct? If not can you tell me what I did wrong and how to do it?
Thank you,
Susan
Click here to see answer by nerdybill(6958)

Question 594499: How do you solve for x
log 2x + log(x-5)=2?
Click here to see answer by scott8148(6628)

Question 594514: How do you solve for x in the following equation?
log x + log(x+30)=3
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Question 594759: what is 2%of 3200
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Question 594787: The price of an air conditioner was reduced 15%. If the reduction was $59.70, what was the original price?
Click here to see answer by richwmiller(9135)

Question 594787: The price of an air conditioner was reduced 15%. If the reduction was $59.70, what was the original price?
Click here to see answer by Scarlette(3)

Question 595002: Determine the amount of money, to the nearest dollar, you must invest at 9% per year, compounded annually, so that you will be a millionaire in 28 years.
Click here to see answer by Alan3354(30993)

Question 594997: Somebody help me pls!. Been stuck with this problem.
A woman earns $800 in interest from two accounts in a year. She has four times as much invested at 7% as she does at 4%. Use elimination method to find out how much is invested in each account. Willl be grateful for any help you can provide.
Click here to see answer by scott8148(6628)

Question 595208: A credit union invests $100 000. Part of the investement has a return of 11% and the other part earns 16% interest. If the interest earns $13000 per year, find out how much the credit union invests at 11% and how much at 16%
Click here to see answer by richwmiller(9135)

Question 595226: future value of a loan of 200 dollars at 14% simple interest over 2 years
Click here to see answer by rfer(12657)

Question 595297: I am trying to figure out interest rate per month. My annual interest rate is 5.75% but I can't figure out how to change that into it's interest rate per month instead of annual.
Click here to see answer by Alan3354(30993)

Question 595137: Please help me solve this question: Jim bought 20 pants for $2,400 and marked them to sell at $145 each. After selling 16 pieces at this rate, he decided to sell the remaining pants at a lower price. At what price may he sell the remaining pants and still realize a profit of $480 on the 20 pants?
Click here to see answer by ankor@dixie-net.com(15649)

Question 595327: A man invests a total of $21,000 in two accounts, one paying 5.5% simple interest per year and the other paying 8.5% simple interest per year. His annual interest from both account is $1,280. How much did he invest at each rate?
Click here to see answer by math-vortex(472)

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