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

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Word Problems: Money, Business and Interest

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Question 56095: The product of 8 in the sum of 4 and a number is 112. What is the number?
The quotient of a number and 3 is the same as the difference of the number doubled and 5. What is the number?
The sum of three numbers is 69. If the second number is equal to the first diminished by 8, and the third number is 5 times the first, what are the numbers?

Click here to see answer by stanbon(26249)

Question 56088: An investor puts $3000 in 2 CDs, one of which earns 5% annually and the other earns 4% annually. After 2 years he has earned $260. How much has he invested in each CD?
Can anyone solve this for me? I am a total math loser!!
Thanks so much.
Click here to see answer by tutorcecilia(2042)

Question 56215: A gallon of paint that regularly sells for $20 was reduced to $15.00. By what percentage was the price reduced?

a. 75%
b. 40%
c. 33 1/3%
d. 25%

Click here to see answer by funmath(2873)

Question 56212: A drug store buys 2,000 rolls of Christmas paper for $3.00 per roll. It is expected that 10% of the paper will eventually be sold for $2.25 per roll. If the store wishes to make a gross profit of 50% on cost, what should be the marked price of a roll of paper?

a. $4.50
b. $6.67
c. $4.75
d. $3.75

Click here to see answer by ankor@dixie-net.com(6684)

Question 56268: John invests a total of $8,750 among two accounts. Part goes into an account that earns 6% interest per year. The rest goes into an account that earns 8% interest per year. How much does he put into each account if the simple interest earned for one year is the same in both accounts?
Click here to see answer by checkley71(8405)

Question 56324: Tickets for an event cost $4 for children, $12 for adults, and $7 for senior citizens. The total ticket sales were $1920. There were 50 more adult tickets sold than child tickets, and the number of senior citizens tickets were 4 times the number of child tickets. How many of each ticket were sold?
Click here to see answer by stanbon(26249)

Question 56482: Solve.
A rental company charges $41 per day and $.33 per mile. If a truck was rented for 5 days and the total was $395.74, how far was the truck driven?
I need help setting this up. Thanks!
Click here to see answer by stanbon(26249)

Question 56550: Tickets for the high school musical are $6.00 for adults and for $4.00 for students .how many adults bought tickets if 420 student tickets are sold and the total money collected is $3618 ?
Click here to see answer by tutorcecilia(2042)

Question 56579: A computer repair service charges $50 to come out for a service call which is applied toward the first 30 minutes of service should a repair be needed. If a repair is needed, the charge is $37 per 30 minutes (after the initial half hour included in the service call charge)for labor and the cost of parts. Write a cost function to determine the amount a customer needing a repair that takes 1.5 hours and requires $103 part will be charged.
Click here to see answer by checkley71(8405)

Question 56576: 300 JELLY BEANS COST X AMOUNT OF DOLLARS. HOW MANY JELLY BEANS COULD YOU BUY FOR 50 CENTS AT THE SAME RATE?
Click here to see answer by stanbon(26249)

Question 56732: A riding stable borrowed $1,000 at a cost of $15 interest. If the loan was made at 6% simple interest, the length of the loan was:

a. 9 months
b. 90 days
c. 25 days
d. 4 days

Click here to see answer by funmath(2873)

Question 56728: A farmer's market has purchased 60 pumpkins for a total cost of $240.00. They expect that 20% of these pumpkins will remain unsold and that another eight will have to be sold at cost. If they wish to earn 30% gross profit on cost, what should be the selling price of the pumpkins?
Click here to see answer by ankor@dixie-net.com(6684)

Question 56781This question is from textbook Beginning Algebra

: Can someone help me on this problem?
In planning for a new item, a manufacturer assumes that the number of items produced x and the cost in dollars C of producing these items are related by a linear equation. Projections are that 100 items will cost $10,000 to produce and that 300 items will cost $22,000 to produce. Find the equation that relates C and x.
Thanks,
SherThis question is from textbook Beginning Algebra

Click here to see answer by funmath(2873)

Question 56811: This says to use systems of equations to solve: I need help. Thanks!

There is an initiation fee to join the Pine River Country Club, as well as monthly dues. The total cost after 7 months' membership will be $3025, and after 18 mos, $3850. Find both the initiation fee and the monthly dues.
Click here to see answer by stanbon(26249)

Question 56822: A small business predicts sales according to straight-line method. if sales were $50,000 the first year and $110,000 in the third year, find the rate of growth in dollars per year. (the slope of the line).
Can someone help me with this dreaded word problem/slope problem.
Thanks!
Click here to see answer by Hook(36)

Question 57056: Kevin earned $165 intrest for 1 year on an investment of $1500.00. At the same rate, what amount of intrest would be earned on $2500.00?
Click here to see answer by josmiceli(3003)

Question 57080: Mary changed a one-dollar bill for 14 coins made up of nickels and dimes. How many coins of each kind did she receive?
Click here to see answer by tutorcecilia(2042)

Question 57088: Helen Weller invested $15,000 in an account that pays 11% simple interest. How much additional money must be invested in an account that pays 14% simple interest so that the average return on the two investments amounts to 12%?

Click here to see answer by Earlsdon(4898)

Question 57078: What is the future value of a 5-year annuity due that promises to pay you $300 each year? The rate of interest is 7 percent.
Pleass show answer as a time line!!!

Click here to see answer by stanbon(26249)

Question 57081: A stamp collector has 4 cent, 3 cent and 2 cent stamps. If he has 3 more 3 cent stamps than 4 cent stamps and 4 less 2 cent stamps than 4 cent stamps and the total face value is 64 cent, how man of each kind has he in his collection?
Click here to see answer by stanbon(26249)

Question 57069: What is the future value of a 5 year annunity due that promiese to pay you $300 each year? Assume that all payments are reinvested at 7 Percent a year, until Year 5.
Please simply answer for me, I have a hard time with math, pleae show formula.

Click here to see answer by stanbon(26249)

Question 56225: Find the present value of $20,000 at 7% compounded monthly for 3 years.

a. $1,750.71
b. $16,221.58
c. $19,654.04
d. $24,658.51

How many compounding periods would there be in an investment compounded quarterly for 8 years?

a. 32
b. 64
c. 16
d. 8

Click here to see answer by rcmcc(152)

Question 57135: A music store buys banjos for $150.00 and sells them for $200.00. If their overhead expense on the banjos is 10% of cost, then their total handling cost is

a. $15.00
b. $165.00
c. $20.00
d. $175.00

Click here to see answer by rcmcc(152)

Question 57134: A store buys an item for $30. It also has $8 of expenses associated with this item and wishes to make a profit. The store's total handling cost is

a. $11.00
b. $33.00
c. $38.00
d. $41.00

Click here to see answer by rcmcc(152)

Question 57133: If a sporting goods store buys golf balls for $.75 and sells them for $2.25, its gross profit as a percent of cost is

a. 3%.
b. 20%.
c. 33 1/3%
d. none of the above.

Click here to see answer by rcmcc(152)

Question 56754: A young couple takes out a $80,000 mortgage to buy a new condominium. They finance the loan at 7% compounded quarterly for 20 years. To the nearest $10, how much interest will they pay over the 20-year life of the loan?
Click here to see answer by rcmcc(152)

Question 56740: Find the present value of $20,000 at 7% compounded monthly for 3 years.

a. $1,750.71
b. $16,221.58
c. $19,654.04
d. $24,658.51

Click here to see answer by rcmcc(152)

Question 56738: Which of the following investments will produce the largest amount of interest?

a. $1,000 at 6% interest compounded annually for 5 years
b. $1,000 at 7% interest compounded annually for 4 years
c. $1,000 at 7% interest compounded quarterly for 4 years
d. $1,100 at 6% simple interest for 6 years

Click here to see answer by rcmcc(152)

Question 56729: The cost of a bookcase was $70.00. Overhead associated with the bookcase was $10.00. Markup on the bookcase was 80% of cost. The merchant marked the bookcase down by 25% for a sale. If the bookcase sold at this sale price, how did the merchant come out on the bookcase?

Click here to see answer by rcmcc(152)

Question 56727: A garden store uses a markup of 33 1/3% on cost to price items. If the store buys a planter for $9, then its selling price on this item is ?
Click here to see answer by rcmcc(152)

Question 56726: If a sporting goods store buys golf balls for $.75 and sells them for $2.25, its gross profit as a percent of cost is

Click here to see answer by rcmcc(152)

Question 57213This question is from textbook

: Suppose that the equation p(x) = -2x^2 + 280x - 1000, where x represents the number of items sold, describes the profit function for a certain business. How many itmes should be sold to maximize the profit?This question is from textbook

Click here to see answer by funmath(2873)

Question 56546: Missy want to buy a stereo and some CD's for less that $600. If the stereo is $425, how many CD's can she buy at $7.50 a piece.
$600 = $425 - 7.50x
-425 = -7.50x
$175 = -7.50x
Missy can buy 23 CDs
Did compute this correctly. thank you
Click here to see answer by rcmcc(152)

Question 57136: The Alpha Zeta Antique shop borrowed $6,000 for 2 months at an 8% simple interest rate. The interest on this loan is

Click here to see answer by funmath(2873)

Question 57259: Pam has some nickels, dimes, and quarters worth$6.75. There are four times as many nickels as dimes, and five more quarters than dimes. How many of each kind of coin does she have?
Click here to see answer by ankor@dixie-net.com(6684)

Question 57137: On July 7, a married couple borrowed $2,000 from a finance company so they could take a vacation trip. If the loan was for two months, and the company charged 10% exact interest, find the interest due on this loan.
Click here to see answer by CrazyMan Jr.(21)

Question 57211This question is from textbook

Click here to see answer by ankor@dixie-net.com(6684)

Question 57583This question is from textbook Elementary and Intermediate Algebra

: To Whomever can assist... Thanks!
Nina received an inheritance of $12,000 from her grandmother. She invested part of it at 6% interest and the remainder at 8%. If the total yearly interest from both investments was $860, how much did she invest at each rate?This question is from textbook Elementary and Intermediate Algebra

Click here to see answer by rcmcc(152)

Question 57585This question is from textbook Elementary and Intermediate Algebra

: To Whomever can assist, Thank you...
Fawn invested a certain amount of money at 3% interest and $1250 more than that amount at 5%. Her total yearly interest was $134.50. How much did she invest at each rate?This question is from textbook Elementary and Intermediate Algebra

Click here to see answer by phillv(13)

Question 57698: Because of rising gas prices, Mr. Rohdie is considering buying a hybrid car. His choice boils down to buying either a Toyota Prius (a hybrid) for $24,500 or a Toyota Camry (not a hybrid) for $20,250. He wants you to figure out for him how long it will take before the Prius saves him money, despite the fact that it costs $4,250 more to buy originally. Here’s what you need to know: 1.) for the Prius he does not have to pay state sales tax (6%), but for the Camry he does; 2.) the Prius averages 50 miles per gallon (mpg) of gasoline, while the Camry averages 24 mpg; and 3.) Assume that gasoline will cost an average of $2.75 per gallon for the length of time Mr. Rohdie will own his new car and that he will average 15,000 miles of driving per year.

Click here to see answer by stanbon(26249)

Question 57493: Clara earned $360 in simple interest on a 12-month bank certificate of deposit. If the interest rate had been 3% higher, she would have earned the same amount of money by depositing $1,000 less. How much money did Clara deposit, and what was her interest rate?
PLEASE HELP ME:(
Click here to see answer by hayek(51)

Question 57861This question is from textbook college algebra
: A Truck that cost $27,600 when new will have no salvage value after 12 years. Find the annual rate of depeciation.
Can anyone give me a hand with this one? ThanksThis question is from textbook college algebra

Click here to see answer by funmath(2873)

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