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 68795: Claire bought three bars of soap and five sponges for $2.31. Steve bought five bars of soap and three sponges for $3.05. Find the cost of each item.
MUST Show Work!
Click here to see answer by stanbon(26249)

Question 68873: $5000.00 was invested in 2 different bonds. One bond yielded 5% in one year and the other yielded 6% in one year. The total yield was $280.00.
How much was invested in each bond?
I originally set up the problem as such:
.05A+.06B=280
I don't know what steps to take from there. I know what the answer is but do not understand how to figure on paper. .05A=280-.06B Other than plug in numbers and guess, I do not understand how to do.
Thank you
Click here to see answer by rmromero(383)

Question 68963: Jack's overtime wage is $3 per hour more than his regular hourly wage. He worked for 5 hours at his regular wage and 4 hours at the overtime wage. He earned $66.00 Find his regular wage.
Click here to see answer by checkley75(3666)

Question 68997: Alicia recieved some money from work. She spent one-fifth of it on gas. Then she spent half of what she had left on clothes. She spent seven dollars at lunch. When she got home she had thirteen dollars left. How much did she have to start with?
Click here to see answer by checkley75(3666)

Question 69314This question is from textbook An Incremental Development

: There were 26 nickels, dimes and quarters in all, and their value was $2.25. How many coins of each type were there if there were 10 times as many nickels as quarters?This question is from textbook An Incremental Development

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

Question 69405: A dealer makes up a 60-lb mixture of almonds and cashews. if the almonds cost $4.70 per lb and the cashews cost $5.50 per lb, how many lbs of each must be used in order for the mixture to cost $4.90 per lb?
I tried this
value + value = 4.90
4.70x + 5.50(60-x)=4.90
4.70x + 330 - 5.50x= 4.90
-.8x+330-330=4.90-330
-.8x=-325.1
x=406.375
I am completely confused . Am i even on the right track?
HELP PLEASE
Click here to see answer by ptaylor(1578)

Question 69656: 1286 ASSUME YOU HAVE $165,000 INVESTED IN A STOCK THATS RETURNING 11.50%, $85,000 INVESTED IN A STOCK THAT IS RETURNING 22.75% & $235,000 INVESTED IN A STOCK THATS RETURNING 10.25%. WHATS THE EXPECTED RETURN OF YOUR PORTFOLIO?
A. 10.0%
B. 12.9%
C. 14.8%
D. 15.6%
I COME UP WITH 10.86%, BUT THATS NOT CORRECT, CAN YOU PLEASE SHOW THE WORK SO I WILL HAVE IT FOR FUTURE USE. ALSO, TELL ME HOW TO FIND THIS INFO USING MY TX INSTRUMENTS CALCULATOR, I DONT GET THIS, PLEASE HELP.
Click here to see answer by checkley75(3666)

Question 69657: ASSUME YOU HAVE $165,000 INVESTED IN A STOCK THATS RETURNING 11.50%, $85,000 INVESTED IN A STOCK THAT IS RETURNING 22.75% & $235,000 INVESTED IN A STOCK THATS RETURNING 10.25%. WHATS THE EXPECTED RETURN OF YOUR PORTFOLIO?
A. 10.0%
B. 12.9%
C. 14.8%
D. 15.6%
I COME UP WITH 10.86%, BUT THATS NOT CORRECT, CAN YOU PLEASE SHOW THE WORK SO I WILL HAVE IT FOR FUTURE USE. ALSO, TELL ME HOW TO FIND THIS INFO USING MY TX INSTRUMENTS CALCULATOR, I DONT GET THIS, PLEASE HELP.
Click here to see answer by bucky(1732)

Question 69703: 1. An executive nearing retirement made two investments totaling $15,000. In one year, these investments yielded $1432 in simple interest. Part of the money was invested at 9% and the rest at 10%. How much was invested at each rate?
2. Two cars leave Salt Lake City, travelng in opoosite directions. One car travels at a pseed of 80 km/h and the other at 96 hm/h. In how many hours will they 528 km apart?
3. McDonald's recently sold small soft drinks for $.87 meidum soft drinks for $1.08, and large soft drinks for $1.54. During a lunchtime rush, Chris sold 40 soft dirnks for a total of $43.40. The number of small and large drinks, combined, was 10 fewer than the number of medium drinks. How many drinks of each size were sold?

Click here to see answer by stanbon(26249)

Question 69777: IF THERE IS 20% CHANCE WE WILL GET A 16% RETURN, A 30% CHANCE OF GETTING A 14% RETURN, A 40% CHANCE OF GETTING A 12% RETURN, AND A 10% CHANCE OF GETTING AN 8% RETURN, WHAT IS THE EXPECTED RATE OF RETURN?
I GOT 12% BUT I AM SO DOUBTFUL THATS CORRECT, PLEASE ADVISE AND EXPLAIN HOW TO ARRIVE AT THE CORRECT SOLUTION WITH THESE PROBLEMS.
THANK YOU FOR YOUR MUCH NEEDED HELP.
ANNETTE

Click here to see answer by stanbon(26249)

Question 69782: IF THERE IS A 20% CHANCE WE WILL GET A 16% RETURN, A 30% CHANCE OF GETTING A 14% RETURN, A 40% CHANCE OF GETTING A 12% RETURN, AND A 10% CHANCE OF GETTING AN 8% RETURN, WHAT IS THE EXPECTED RATE OF RETURN?
A.12%
B.13%
C.14%
D.15%
WHEN I FIRST WORKED IT I GOT 12%, UPON LETTING MY SON HELP ME HE GOT 13%, PLEASE HELP! I DESPERATELY NEED TO KNOW HOW TO WORK THIS PROBLEM, THANK YOU SO MUCH
Click here to see answer by stanbon(26249)

Question 69780: YOU HAVE PURCHASED A SHARE OF PREFERRED STOCK FOR $50. THE PREFERRED STOCK PAYS AN ANNUAL DIVIDEND OF $5.50 PER SHARE. WHAT IS THE RATE OF RETURN ON YOUR INVESTMENT?
A. 5.5%
B. 10.0%
C. 11.0%
D. 22.0%
I SET THIS UP AS 50x11.0=5.5
WHICH WOULD MAKE THE CORRECT ANSWER C, DID I DO THIS CORRECTLY?
Click here to see answer by stanbon(26249)

Question 69850: I am having a hard time figuring out how to write the equation for this problem:
Joyce makes $6000 more per year than her husband does. Joyce saves 10% of her income for retirement and her husband saves 6%. If altogether they save $5400 per year, then how much does each of them earn per year?
Click here to see answer by checkley75(3666)

Question 69852: Please help me write the equation for this problem. I have a challege processing word problems. If I can write the equation I have not problem solving it:
Gary has figure that he needs to take home $30,400 a year to live comfortably. If the government gets 24% of Gary's income in taxes, then what must his income be be for him to live comfortably.
Click here to see answer by tutorcecilia(2042)

Question 69853: Please help me write the equation for this problem. I have a challege processing word problems. If I can write the equation I have not problem solving it:
Justin is shopping for new tires for his 4-wheel drive truck. In addition to the price of new tires, there is a 4% sales tax plus a state mandated $40 fee for disposing of his old tires. If Justin had determined he will spend less than $389.44 total, then what is the price range he can spend on the tire set?
Click here to see answer by stanbon(26249)

Question 69863: The diagonal brace on a rectangular gate forms an angle with the horizontal side with degree x and an angle with the vertical side with degree measure 2x-3. Find x.
How do I dolve this.
Click here to see answer by venugopalramana(3286)

Question 69864: Convert 60 miles per hour to feet per second. (There are 5280 feet in a mile)How do I solve this?
Click here to see answer by venugopalramana(3286)

Question 69944: Two investments are made totaling $16,000. For a certain year, these investments yield $970 in simple interest. Part of the $16,000 is invested at 5% and the rest at 7%. How much is invested at 7%?
Click here to see answer by checkley75(3666)

Question 69989: Desparate need of help. Thank you in advance!
Some students planned for a get-together. The budget for food was $500. Five of the students failed to come because of the distance and therefore the cost of food for each member increased by $5. How many students attended the get-together?
Click here to see answer by ankor@dixie-net.com(6684)

Question 70019This question is from textbook Beginning Algebra

: Business and Finance. The price of an item is given by p = 2x^2 - 100. Find the polynomial that represents the revenue generated from the sale of x items.
This question is from textbook Beginning Algebra

Click here to see answer by venugopalramana(3286)

Question 69858: Please help me write the equation for this problem. I have a challege processing word problems. If I can write the equation I have not problem solving it:
If the sum of 3 consecutive odd intergers is 237, then what are the integers?
Click here to see answer by ankor@dixie-net.com(6684)

Question 69860: The length of a rectangular lot is 50 feet more than the width. If the perimeter is 500 feet, then what are the length and width?
How do I solve this?
Click here to see answer by ankor@dixie-net.com(6684)

Question 69955: Bobby has a bond earning interest 11% yearly and another worth 3 times as much earning 10% simple inteest. If the total yearly interest is $307.50, find the value of each bond.
Click here to see answer by ptaylor(1578)

Question 70375: 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%?
How do I figure this problem out? Thank you
Click here to see answer by stanbon(26249)

Question 70425: Carla invested $28,000, part at 14% and part at 9%. If the total interest at the end of the year is $3,370, how muc did she invest at 14%
These problems confuse me each time, can you help? Thank you so much!
Click here to see answer by checkley75(3666)

Question 70432: An employee who produces x units per hour earns an hourly wage of
y = 0.55x + 8 (in dollars). Find the hourly wage for an employee who produces 9 units per hour.
This word problem lost me! Thank you for your help!
Click here to see answer by checkley75(3666)

Question 70461: You are starting a business selling boxes of hand painted greeting cards. To get started, you spend $36 on paint and paintbrushes that you need. You buy boxes of plain cards for $3.50 per box, paint the cards, and then sell them for $5 per box. How many boxes must you sell for oyur revenue to equal your expenses? What will your revenue and expenses equal when you break even? This problem is from Algebra 2 Applications Graphs Equations Larson Boswell Kanold Stiff. Chapter 3 lesson 2 P.153
Click here to see answer by josmiceli(3003)

Question 70501: YOU PURCHASED 1,000 SHARES OF OLIVER INC. COMMON STOCK 1 YEAR AGO FOR $50.00 PER SHARE. YOU DECIDED TO TAKE YOUR PROFIT TODAY BY SELLING AT $55.00 PER SHARE. WHAT IS YOUR HOLDING PERIOD RETURN?
A. 10.0%
B. 12.5%
C. 15.0%
D. 50.0%
I WORKED THIS AS $55/$50 = 1.1 = 10% IF YOU MOVE THE DECIMAL OVER 2 PLACES. PLEASE LET ME KNOW IF I WORKED THIS CORRECTLY.
THANK YOU SO MUCH FOR DOING WHAT YOU DO TO HELP US!
ANNETTE
Click here to see answer by checkley75(3666)

Question 70514: Need help with solving this, please? Thanks!
Suppose that $2000 is invested at a rate of 6% per year compounded continuously. What is the balance after 1 yr? After 2 yrs?
Click here to see answer by stanbon(26249)

Question 70889: you deposit $4000 in a savings account,which has a rate of 8%.Find the interest at the end of the first year
Click here to see answer by stanbon(26249)

Question 70863: Please help me!!!!: Solution X is 20% alchohol, and solution Y is 80% alchohol. How much of each should be used to make 300 / of a 50% solution.

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

Question 70859: Please help me solve this:
Mike's house payments rose from $295 to $310 per month. In the past 12 months, he paid $3615. How many payments at each rate did he make?

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

Question 71001: YOU HOLD A $1.3 MILLION PORTFOLIO MADE OF THE FOLLOWING STOCKS:
MARKET VALUE BETA
STOCK A .2 MILLION 1.5
STOCK B .5 MILLION 1.2
STOCK C .6 MILLION .8
WHAT IS THE BETA OF THE PORTFOLIO?
WHEN I WORK IT I GOT 1.17..IM NOT SURE THATS CORRECT ... PLEASE ADVISE AND THANK YOU IN ADVANCE

Click here to see answer by stanbon(26249)

Question 71369: Can you help me solve my word problem...instructions...the cost in dollars of manufacturing (w)wing nuts is given by the xpression 0.07w + 13.3. Find the cost when 375 wing nuts are made. What is the average cost to manufacture one wing nut?
Click here to see answer by bucky(1732)

Question 69865: Lawanda and Betty both drive the same distance to the shore. By driving 15 miles per hour faster than Betty, Lawanda can get there in 3 hours while Betty takes 4 hours. How fast does each drive?
How do I solve this?
Click here to see answer by 303795(562)

Question 71500: A clothes store buys a shirt for $20, and adds on 20% of this amount for its selling price. At a sale four weeks later, the customer is invited to take 20% off the price of the shirt. Does the store gain money, lose money,or break even when it sells the shirt on sale?
Click here to see answer by checkley75(3666)

Question 71761: how can you round $.499 to the nearest dollar?
Click here to see answer by checkley75(3666)

Question 71713This question is from textbook Algebra: Introductory and Intermediate
: 22. A trust administrator divided $20,000 between two accounts. One account earns an annual simple interest rate of 3%, and the second account earns an annual simple interest rate of 7%. The total annual income from the two accounts is $1200. How much is invested in each account?This question is from textbook Algebra: Introductory and Intermediate

Click here to see answer by checkley75(3666)

Question 71870: Solve the following application.
Business and finance. If the total bill at a restaurant, including a 15% tip, is $65.32, what was the cost of the meal alone?
This is what I came up with. Is it right?
$65.32÷15%=9.798 or 9.80
65.32-9.79=55.53
$55.53
65.32-9.80=
$55.52

Click here to see answer by Earlsdon(4898)

Question 71900: A krispy creme assistant manager earns $2528 each month for working a 48-hour week. Find (a) the number of hours worked each month and (b) the manager's hourly earnings. (1 month = 4.3 weeks) Round to the nearest cent.
Click here to see answer by rcmcc(152)

Question 71917: A washer-dryer combo costs $650. If the washer costs $70 more than the dryer, how much does each appliance cost?
Click here to see answer by checkley75(3666)

Question 71956: A buyer has spent Rs.30,151 on 550 units of a particular item.The first 100 units cost Rs.50 each;the next 150 units cost Rs.8,250 in total.The next batch cost Rs.11,200 in total and the final 100 cost Rs.x each.Find the value of x.
Click here to see answer by venugopalramana(3286)

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