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

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 Word Problems: Money, Business and Interest Solvers Lessons Answers archive Quiz In Depth

 Question 623040: K-Mart purchased 3000 shirts for \$19256 and sold them all at \$16.99 each. How much profit did K-Mart realize? This seems easy to me, but i am not getting the correct answer. 19256.00 - 16.99 Answer: \$19239.01 19256+ 19239.01= 38495.01 Correct answer: \$31,714 Click here to see answer by Alan3354(30959)

 Question 623057: Bob invested some money at 6% and \$300 less at 8%. His total annual interest income is \$116. How much did he invest at 6%? Click here to see answer by nerdybill(6948)

 Question 622982: on some days a bakery packages 4 cupcakes to a package. on other days, cupcakes are in packages of 6 or 8. on a given day, all the cupcakes baked were packaged and there was one cupcake left over. which of the following could NOT be the number of cupcakes baked on that day? 22, 25, 49, 97 Click here to see answer by mykasha(37)
 Question 622982: on some days a bakery packages 4 cupcakes to a package. on other days, cupcakes are in packages of 6 or 8. on a given day, all the cupcakes baked were packaged and there was one cupcake left over. which of the following could NOT be the number of cupcakes baked on that day? 22, 25, 49, 97 Click here to see answer by MathTherapy(1421)

 Question 623247: A total of \$4000 was invested, part of it at 8% interest and the remainder at 9%. If the yearly interest amounted to \$350, how much was invested at each rate? Click here to see answer by ewatrrr(10682)

 Question 623413: This problem is one I cannot quite understand and I am not sure how to put it in the proper format. Can you help me please? An investor invested a total of \$800 in two mutual funds. One fund earned a 6% profit while the other earned a 2% profit. If the investor's total profit was \$28, how much was invested in each mutual fund? amount invested in 6% mutual fund? amount invested in 2% mutual fund? Click here to see answer by Alan3354(30959)

 Question 623505: An investor invested a total of \$2,200 in two mutual funds. One fund earned a 9% profit while the other earned a 7% profit. If the investor's total profit was \$160.00 how much was invested in each mutual fund? Click here to see answer by josmiceli(9649)

 Question 623556: A manufacturer produces a product at a cost of \$29.80 per unit. The manufacturer has a fixed cost of \$200.00 per day. Each unit retails for \$34.00. Let x represent the number of units produced in a 5-day period. (a) Write the total cost C as a function of x C(x) = ? (b) Write the revenue R as a function of x R(x) = ? (c) Write the profit P as a function of x. (Hint: The profit function is given by by P(x) = R(x) − C(x).) P(x) = ? Click here to see answer by Theo(3458)

 Question 623562: Sarah spent 2 fifths of her paycheck on rent. If her rent is \$80 how much was she paid? Click here to see answer by Theo(3458)

 Question 623559: An investor invested a total of \$3000 in two mutual funds. One fund earned 8% profit while the other earmed a 6% profit. If the investor's total profit was \$206, how much was invested in each mutual fund? Click here to see answer by Emsley(35)

 Question 623632: If \$3,800 is invested in a savings account for which interest is compounded quarterly, and if the \$3,800 turns into \$4,300 in 2 years, what is the interest rate of the savings account? Click here to see answer by ewatrrr(10682)

 Question 623712: Show me how to get 14% of \$15.00 then how do I subtract to get the final answer. Click here to see answer by solver91311(16868)

 Question 623748: two salesman sold \$75.80 worth of books. one salesman sold \$8.50 more than the other How much did each salesman sell? Click here to see answer by fcabanski(872)

 Question 623766: Yumiko has just had her first child. How much money should she invest at 4% APR compouned monthly to have \$50,000 18 years from now? Click here to see answer by Alan3354(30959)

 Question 623854: Profit equation P(x)= .03x^2-4x-3x^8-5000 a) evaluate marginal profit when x=100 b) evaluate marginal profit when x=5000 please show the steps/work Thank You Click here to see answer by solver91311(16868)

 Question 623827: an investor invested a total of \$1400 in 2 mutual funds. one fund earned a 6% profit and the other fund earned a 3% profit. If the investors total profit was \$60, how much was invested in each mutual fund Click here to see answer by lwsshak3(6463)

 Question 623979: since 2 shirts cost \$25.00 that means that 4 shirts cost \$50.00 and 8 shirts \$100.00 So our answer is 8. Let's substitute the nice numbers into all 4 answer: Click here to see answer by Alan3354(30959)

 Question 624071: How much would \$550 invested at 9% interest componded annually be worth after 8 years ? Click here to see answer by rfer(12644)

 Question 624073: How much would \$200 invested at 4% interest compounded monthly be worth after 30 years? Click here to see answer by rfer(12644)

 Question 624037: I am stumped on these kinds of word problems. You guys helped me a lot with the coin type and now I am stuck on the interest. If anyone can give me a step by step on how to set it up to solve that would be great. You don't have to solve it for me just show me how to set it up. Thanks so much. You have a total of \$10,000 to invest in two simple interest accounts. On one account the annual simple interest rate is 3.5%. On the second account the annual simple interest rate is 7.5%. If you earn \$520 per year from these two investments, how much do you have invested in each account? Click here to see answer by Edwin McCravy(8880)

 Question 624085: Sarah has a collection of dimes, nickels, and quarters worth \$15.75. She has 10 more dimes than nickels and twice as many quarters as dimes. How many coins of each type does she have? Click here to see answer by math-vortex(472)

 Question 624244: IF I HAD 87 CALLS COME IN, AND OUT OF THOSE I RETURNED 66 CALLS, WHAT PERCENTAGE WOULD THAT 66 CALLS EQUAL? Click here to see answer by nerdybill(6948)

 Question 624286: find the time when sum of \$2400 increases by 1/5 of every year amounts to \$3600. Additional Details we need to know the rate of interest as given as per my opinion is the rate is 1/5 or what Thank you Joesph Click here to see answer by lwsshak3(6463)

 Question 624425: An investment of \$12,000 is divided into two accounts whose annual simple interest rates are 9% and 11% How much has been deposited into each account if the interest earned by each account is the same? Click here to see answer by Emsley(35)

 Question 624527: If you put \$5,000 in a savings account that pays interest at a rate of 4%, compunded anuually, how much will you have in 5 years? Click here to see answer by ewatrrr(10682)

 Question 624529: If you put \$5,000 each year into a savings account that pays interest at the rate of 4% a year, how much would you have after 5 years? Click here to see answer by ewatrrr(10682)

 Question 624654: john has 5 times as much money as bryan. if john gives \$64 to bryan, they will have thesame amount of money. how much money does john have at first? Click here to see answer by lwsshak3(6463)

 Question 624588: You have already invested \$450 in a stock with an annual return of 11%. How much of an additional \$800 should be invested at 12% and how much at 6% so that the total return on the entire \$1,250 is 9%? (Round each answer to the nearest cent.) Click here to see answer by Theo(3458)

 Question 624713: A savings account earns 4.9%, compounded continuously. How much would you need to deposit now in order to have a balance of \$5000 after 2 years? Assume that no additional deposits are to be made. Click here to see answer by ewatrrr(10682)

 Question 624683: So I have tried to work this out, I have no idea where to start and I'm stuck. Could someone please help me figure this out and tell me how you got the answer do I can try to so the second part of the problem. The price of a certain stock at the beginning of the week was \$61. Here are the changes in price during the week: +3,+2,-1,-4,-5. What is the price of the stock at the end of the week? Thank you very much. Click here to see answer by jim_thompson5910(28476)

 Question 624816: A boat cost 12,050 and decreases in value by 12% per year.How much will the boat be worth in 9 years? Click here to see answer by reynard2007(52)

 Question 624859: If I deposit ten dollars in saving which paid two percent monthly, for fifty years, how much money would I have. Click here to see answer by oscargut(891)

 Question 624901: A car with 5 passengers stops for gas. While the tank fills, one passenger volunteers to get drinks and snacks for everyone in the car. Three passengers want bottles of Vitamin Water and Cliff bars, two passengers want bottles of Dr. Pepper and Doritos, and everyone agrees that the buyer should get as many bags of Skittles as possible. The passengers hand the buyer a total of \$18:50. If the Vitamin Water costs \$1:49 per bottle, Cliff bars are \$1:79 each, Dr. Pepper is \$1:20 per bottle, Doritos are \$0:99 each, and Skittles cost 88 cents per bag, how many bags of Skittles can the buyer get and not go over \$18:50? Click here to see answer by josmiceli(9649)

 Question 625022: Please help me with the following equation: 1. Carolyn received a check last week. She invested part at 15%and \$1000 more than this at 16%. If she will earn \$780 in interest in a year, how much was invested at each rate? This is what I have so far: I=PRT x= first investment x+1000 second investment Click here to see answer by Alan3354(30959)

 Question 625122: Find the present value ( the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. \$12,820.77 at 4.8% compounded annually for 6 years Click here to see answer by oscargut(891)

 Question 625116: how much money should be deposited today in an account that earns 3% compounded annually so that it will accumulate to \$11,000 in three years? Click here to see answer by oscargut(891)

 Question 625121: If \$23,500 earned simple interest of \$1057.50 in 9 months, qhat was the simple interest Click here to see answer by Alan3354(30959)

 Question 625036: An investor invested a total of \$1700 in two mutual funds. One fund earned an 8% profit while the other earned a 2% profit. The total profit was \$88 dollars, how much was invested in each mutual fund? Click here to see answer by oscargut(891)