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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 629589: You invest $100,000 in an account with an annual interest rate of 4.5%, compounded semiannually. How much money is in the account after 5 years? Round your answer to the nearest whole number
Click here to see answer by ewatrrr(10682)

Question 629678: find the amount of sales tax at a rate of 9% on a sale of $40?
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Question 629702: a dvd rack is marked up $18.00, which is 50% markup based on cost. what was the cost of the dvd?
Click here to see answer by 55305(76)

Question 629702: a dvd rack is marked up $18.00, which is 50% markup based on cost. what was the cost of the dvd?
Click here to see answer by wilft1(67)

Question 629702: a dvd rack is marked up $18.00, which is 50% markup based on cost. what was the cost of the dvd?
Click here to see answer by MathTherapy(1483)

Question 629710: a pitcher sells for $46.00, which is marked up 40% based on cost. What is the cost of the pitcher? Round to the nearest cent.
Click here to see answer by ewatrrr(10682)

Question 629715: a movie costs $8 and sells for $15. What is the rate of markup based on the selling price?
Click here to see answer by josmiceli(9817)

Question 629923: a man receives a salary of $6,000 per year plus 5% of all his sales over $10,000 and a special bonus of $500, if his sales exceed $20,000. What are his earnings during a year when his sales total $21,000?

Click here to see answer by ewatrrr(10682)

Question 629969: How much would $100 invested at 4% interest compounded continuously be worth after 7 years?
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Question 629984: What will the population of a city be if it currently has a population of 15,000 and grows at a rate 2.5% per year for 5 years?
(note: round your answer to the nearest whole number)
Click here to see answer by ewatrrr(10682)

Question 630021: WRITE AN EQUATION TO REPRESENT THE AMOUNT OF MONEY SALLY HAS IN HER ACCOUNT EACH WEEK.(HINT REMEBER THAT SALLY STARTED WITH $220 IN THE ACCOUNT)
Click here to see answer by 55305(76)

Question 630083: The monthly cost (in dollars) of water use (in dollars) is a linear function of the amount of water used (in hundreds of cubic feet, HCF). The cost for using 16 HCF of water is 37.69, and the cost for using 29 HCF is 57.84 . What is the cost for using 27 HCF of water?
Click here to see answer by lwsshak3(6761)

Question 630165: a student bought 23 cent, 41 cent, and 80 cent stamps with a total value of $31.50. if the number 23 cent stamps is 2 more that the number of 41 cents stamps, and number of 80 cent stamps is 5 more than one half the number of 41 cents stamps, how many stamps of each denomination did the student obtain?
Click here to see answer by josmiceli(9817)

Question 630197: $1,200 is deposited in an account that pays 6% annual interest, compounded quarterly. Find the balance after five years.
Click here to see answer by lwsshak3(6761)

Question 630253: since 1992 the price of a certain shirt has increased from $20 to $80. what is the percent increase in the price of this shirt since 1992?
please include explanations!
Click here to see answer by josmiceli(9817)

Question 630329: Mike puts down a payment of $800 on a new television set and pays $40 per month. Alonzo purchases the same television with a $600 down payment and pays $60 per month. In how many months will Mike and Alonzo have paid equal
a. 14 months
b. 7 months
c. 10 months
d. 2 months
Click here to see answer by ewatrrr(10682)

Question 630431: Find the future value of a $2000 deposit at 2.4% for 4 years if the account pays simple interest.
Thanks
Click here to see answer by khv_maths(11)

Question 630568: An investor invested a total of $1,300 in two mutual funds. One fund earned a 8% profit while the other earned a 5% profit. If the investor's total profit was $95, how much was invested in each mutual fund?
Click here to see answer by John10(267)

Question 630727: You inherit $13000 and you decide to invest the money in two different ways : one paying 10% and the other paying 14%. A year later your investments are worth %14580. How much did you originally invest in each account ?
Click here to see answer by nerdybill(7008)

Question 630891: An investor invested a total of $2500 in two mutual funds. One fund earned a 8% profit while the other earned a 3% profit. If the investors total profit was $110, how much was invested in each mutual fund?
Click here to see answer by mananth(12270)

Question 630974: Airline fare for a flight from elmwood to Palmdale are $85 for first class and $60 for coach class.on Friday,79 passengers paid a total of 5290 to fly from elmwood to Palmdale .How many of each type of ticket were sold?

Click here to see answer by mananth(12270)

Question 630985: At a local fair, the admission fee is $8.00 for an adult and $4.50 for youth. One saturday, 209 admissions were perchased with total receipts of $1304.50. How many adult ? (show work)
Click here to see answer by reviewermath(604)

Question 631005: A high school student was able to save $8000 by working a part-time job every summer. He invested half the money in a money market account and half the money in a stock that paid three times as much interest as the money market account. After a year he earned $240 in interest. What were the interest rates of the money market account and the stock?
Answer in percentages and round to one decimal place.

Click here to see answer by stanbon(57967)

Question 630993: A part of $10,000 is invested at 4% and the remaining amount at 3 1/2%.The annual income both is $380.Find the amount of each investment?
Click here to see answer by stanbon(57967)

Question 631040: 5% sales tax collected by Famous Footwear was $780.
What was the amount of total sales?
Click here to see answer by sachi(463)

Question 631078: Michaela has 5-cent and 10-cent stamps with a total value of $5.75. If she has five more 10-cent stamps than 5-cent stamps, how many of each stamp does she have?
Click here to see answer by ewatrrr(10682)

Question 631211: a sporting goods store has 39 bicycles. if 2/3 of this quantity are sold, how many bicycles were sold ?
Click here to see answer by jim_thompson5910(28715)

Question 631237: A cell phone carrier charges $15/month and $0.40/minute. Another carrier charges $30/month and $0.25/minutes. How many minutes need to be used to make the plans equal?
Click here to see answer by richwmiller(9144)

Question 631258: an investor invested a total amount of $3,100 in two mutual funds. One fund earned a 5% profit while the other earned a 3% profit. If the investors total profit was $115, how much was invested in each mutual fund?
Click here to see answer by stanbon(57967)

Question 631276: A college student earned $6,300 during summer vacation working as a waiter in a popular restaurant. The student invested part of the money at 8% and the rest at 7%. If the student received a total of $479 in interest at the end of the year, how much was invested at 8%?

Click here to see answer by solver91311(17077)

Question 631079: The Total cost price of certain number of identical articles is 4800..By selling the articles at 100 each,a profit equal to the cost price of 15 articles is made.Find the number of articles bought
My solun
Let the articles bought be x
Then C.P of each article is 4800/x
The Selling price of x articles is 100x
The cost price of 15 items is 4800/15 = 320
So 100 x-4800/x = 320
100x^2 - 4800 = 320x
100x^2 - 320x - 4800 = 0;
10x^2-32x-480 = 0;
I am not able to find the solution.What is it I am doing wrong?? Please help me..Thanks in advance
Click here to see answer by KMST(1936)

Question 631362: One number is 5 less than 3 times a second number. Their sum is 43. Find the numbers.

Click here to see answer by sachi(463)

Question 631317: A person has invested $6000 . Part of the money is invested at 3% and the remaining amout at 4% . The annual income from the two investment is $225.How much is invested at each rate?
Click here to see answer by sachi(463)

Question 631365: Ruth is having hardwood floors installed in her living room. The cost for the material is $2840 plus an installation charge of $1.90 per square foot. If the total cost for the material plus installation is $5120, determine the area of her living room.
Click here to see answer by 303795(595)

Question 631436: Suppose Wal-Mart stock is selling at $59 a share and Mattel stock is selling at $28 a share. Amy has a maximum of $6000 to invest. She wishes to purchase four times as many shares of Wal-Mart as of Mattel. Only whole shares of stock can be purchased.
a) How many shares of each will she purchase?
b) How much money will be left over?
Click here to see answer by josmiceli(9817)

Question 631531: If I make 10 cents on every barrel of salt water, and there are 33,405 barrels of salt water, how many dollars do I get? $3340.50 or $334.05?
Click here to see answer by jim_thompson5910(28715)

Question 631552: you have 50,000 to invest. part of the money is to be invested in cds that are paying 1.5% per year, and the other part of the money will be invested in corporate bonds paying 4% per year. you wish to obtain an overall return rate of 2.5%. how much money should be placed in each investment
Click here to see answer by stanbon(57967)

Question 631701: A man made a deposit of $106. If the deposit consisted of 42 coins some are 1 dollar and the rest is 5 dollar.How many coins of each kind did he have ?
Click here to see answer by Theo(3504)

Question 631730: find the simple interest rate that i earn if my principle of $30,000 earns $7800 interest in 4 yrs
Click here to see answer by stanbon(57967)

Question 631867: A retired couple has $190,000 to invest to obtain annual income. They want some of it invested is safe certificates of deposit yielding 5%. the rest they wanted to invest in aa bonds yielding 10% per year. how much should they invest in each to realize $16,000 per year
Click here to see answer by solver91311(17077)

Question 631935: working 2 part time jobs .how long would it take to reach 7000 dollars
Click here to see answer by richwmiller(9144)

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