Questions on Algebra in Finance answered by real tutors!

Algebra ->  Finance -> Questions on Algebra in Finance answered by real tutors!      Log On


   



Tutors Answer Your Questions about Finance (FREE)


Question 333280: Deposit $120 in a savings account that pays an annual interest rate of 2.5%. How much simple interest would you earn in 2 years?
I=Prt
I=(120)(0.025)(2)
I=6
2 years interest on $120 at a rate of 2.5%.
Is this correct?

Click here to see answer by mananth(16946) About Me 

Question 333316: Two cars leave Pima Community College traveling in opposite directions. One car travels at 80 mph and the other at 54 mph. In how many hours will they be 938 miles apart?
Click here to see answer by mananth(16946) About Me 

Question 333317: A house purchased for $125,000 is expected to appreciate according to the formula y = 7500x + 125000, where y is the value of the house after x years. Find the value of the house 10 years later
Click here to see answer by mananth(16946) About Me 

Question 333922: Solve directly when Fvt =PV0* (1+r)^t
The t and the 0 is supposed to be small like X
2

Click here to see answer by solver91311(24713) About Me 

Question 334253: A city park is opening up a new swimming pool. you can pay a daily entrance fee of $3 or purchase a membership for the 12 week summer season for $82 and only pay $1 per day to swim. How many days would you have to swim to make the membership worth while?
Click here to see answer by rfer(16322) About Me 

Question 334725: The classroom sold candy bars and pretzels with a total profit of $62.75. They made $.25 profit on each candy bar and .30 profit on each pretzel. How many candy bars and pretzels were each sold?
Please help with this question.

Click here to see answer by nyc_function(2741) About Me 

Question 335221: Five years after opening an account that paid 8.3% annually, a depositor withdrew $830 in interest earned. How much was left in the account?
Click here to see answer by Fombitz(32388) About Me 

Question 335377: i didnt know which topic to put it under so i put it under this topic....my question is Factor 20y^3+5y^2-15y ... i dont get it AT ALL! :/
Click here to see answer by stanbon(75887) About Me 
Question 335377: i didnt know which topic to put it under so i put it under this topic....my question is Factor 20y^3+5y^2-15y ... i dont get it AT ALL! :/
Click here to see answer by benazir.sj@gmail.com(109) About Me 

Question 335611: IF I RECIEVE $100,000 AS A GIFT, HOW MUCH MORE MONEY MUST i receive as a gift so that the all of the taxes on the original gift and the tax reimbursment are taken care of by the giver. Assume a tax rate of 41%.

Click here to see answer by Fombitz(32388) About Me 

Question 335788: Can you help me on my math homework?

Click here to see answer by Fombitz(32388) About Me 

Question 335794: How do you find the answer for the problem A=P(1+i)to the n power?
If P=2000 i=0.067 and n=20?
I can't figure out how to get "to the n power" on my calculator?

Click here to see answer by Fombitz(32388) About Me 

Question 335804: for the function with the rule f(x) = x^3 - 3x+3, the gradient of the chord which connects the points x = 2 and x = 3 is?
it would be great if you could show the working out thanks

Click here to see answer by Fombitz(32388) About Me 

Question 336055: 20% of $288
Click here to see answer by mananth(16946) About Me 

Question 337190: Brought a car for sale price of $12490.00, that is with 20% off. What was the orginal price of the car?
Click here to see answer by nerdybill(7384) About Me 

Question 337409: An executive invests 22000, some at 7% and some at 6% annual interest. If he receives an annual return of 1420, how much is invested at each rate?
Click here to see answer by Fombitz(32388) About Me 

Question 337750: put the set of numbers in ascending order. 17,-10,-12,12,10
Click here to see answer by jim_thompson5910(35256) About Me 

Question 337990: A company produces ink cartridges for ballpoint pens. The setup costs for a run of red catridges is $700 plus $.08 per cartridge for materials. The company can sell the cartridges for $.24 each. How many cartridges must be produced and sold to break even?
Click here to see answer by katealdridge(100) About Me 

Question 338488: 4x+16 how do i get x by its self? how do i start slove this problem?
Click here to see answer by Alan3354(69443) About Me 
Question 338488: 4x+16 how do i get x by its self? how do i start slove this problem?
Click here to see answer by jim_thompson5910(35256) About Me 

Question 338422: Andrea purchased a picture frame for $14.56. This price was a 30% markup from the wholesale cost. What was the wholesale cost?
Click here to see answer by rfer(16322) About Me 

Question 338754: Samantha’s student loans total $20,000. Part was a personal loan at 12% interest; the other was a Stafford loan at 10%. After one year the loans accumulated $2160 in interest. What was the amount of each loan?
Click here to see answer by stanbon(75887) About Me 

Question 339387: You deposit $1230 into a savings account earning 6.5% interest, compounded semi-annually. How many periods does it take to accumulate amount of $3,109.69 in the account?
Click here to see answer by stanbon(75887) About Me 

Question 339644: THis is simple and I can ge tthe answer but not the formula. Ed has $1.15. He has 43 more pennies than nickels. How many pennies and nickels does he have. THe answer is 12 nickels and 55 pennies but i just randomly guessed. It has to be easier than that
Click here to see answer by scott8148(6628) About Me 

Question 340401: How can $54,000 be invested, part at 8% annual simple interest and the remainder at 10% annual simple interest, so that the interest earned by the two accounts is equal?
Click here to see answer by solver91311(24713) About Me 

Question 341367: How do i create a fromula to show an income that would double every day? I need to be able to show for an open amount of tim, not just one day, week or month?
Click here to see answer by Fombitz(32388) About Me 

Question 341010: okay i'm not positive this is finance but i'm pretty sure! :
Karyn has saved $310.00, but needs to withdraw $20.00 pew week to help meet her expenses. Glenn has $100.00 saved and adds $10.00 a week.
a.) Write an expression that represents the amout of money Glenn with have in X weeks.
b.)Write an expression that represents the amount of money that Karyn will have in X weeks.
c.)How many weeks will it take until Glenn and Karyn have the same amount of money?
please show how you did it or just explain, that would be greaat!

Click here to see answer by ankor@dixie-net.com(22740) About Me 

Question 342167: On my current mortgage, I still owe $220,000. the interest rate is 5.4 compounded monthly. I have 270 monthly payments left, starting at the end of this month. What must be amount of my monthly payment
Click here to see answer by ankor@dixie-net.com(22740) About Me 

Question 342070: How many months will it take to pay off $525 debt, with a monthly $15 at the end of each month, if the interest rate is 18% compounded monthly?

Click here to see answer by Edwin McCravy(20055) About Me 

Question 342372: How do I create an algebraic formula for:
The total cost of a lot and house is $154,000. The cost of constructing the house is 7 times the cost of the lot. What is the cost of the lot?
We are having trouble getting verbal expression into an algebraic one to calculate these types of problems.
Please help

Click here to see answer by stanbon(75887) About Me 

Question 342773: The Sales tax for a screwdriver set came to $1.04. If the sales tax rate is 6.5% ,what was the price of the screwdriver?
Click here to see answer by mananth(16946) About Me 

Question 342775: When the Hendersons went to dinner, their total bill, including tax, was $43.74. If the sales tax rate is 8%, what was the original price of the dinner?
Click here to see answer by kcanil08(11) About Me 

Question 343252: 1.what amount each of 25%alcohol and 75% alcohol solution be added to 40 oz.pure alcohol to make 100 oz. of 65% alcohol solution?
2.Manny Villar can climb coconut tree at the rate of 2ft/min and going down at the rate of 3ft/min.If his total time climbing up and going down is 20min.How high is the tree?
3.towns A and B ARE 300KM apart at 1:oopm a car starts from A

Click here to see answer by solver91311(24713) About Me 

Question 343429: How much time will a $500 investment need to earn $100 in interest at a rate of 10% per year?
Click here to see answer by solver91311(24713) About Me 

Question 343441: what is the accumulated amount after 5 years if 12,000 is invested at 18% per year comounded continuosly
Click here to see answer by solver91311(24713) About Me 

Question 343481: the future value of a simple interest investment is given by S = P(1+rt). What principal P must be invested for t=5years at the simple interest rate r=10% so that the future value grows to $9000?
Click here to see answer by solver91311(24713) About Me 

Question 343774: What principal P must be invested for t=7 years at the simple interest rate r=12% so that the future value grows to $8280?

A building is worth $829,000 is depreciated for tax purposes by its owner, if you use straight line method. The value of the building,y,after,x months of use, is given by Y=829,000-2600x dollars. After how many yrs wil the valueof the building be 610,600? Afte how many yers?
Thanks Homework due in early am

Click here to see answer by jim_thompson5910(35256) About Me 

Question 344822: Y=100+.8(y-40)+38+75+25-.05(y-40)
How do I figure out what the value of y is?

Click here to see answer by checkley77(12844) About Me 

Question 345616: Please help!! :c)
A 1987 advertisement in the New Yorker solicited offers on a 1967 Mercury Cougar XR7 (Motor Trend's 1967 car of the year) that had been stored undriven in a climate controlled environment for 20 years.
. If the original owner paid $4000 for this car in 1967, what price would he have to receive in 1987 to obtain a 10 percent annual return on his investment?

Click here to see answer by stanbon(75887) About Me 

Question 345649: solve each formula for the giving variable.
V= lwh , solve for w

Click here to see answer by stanbon(75887) About Me 

Question 345670: solve each forumula for the giving variable.
A=1/2h(b+d) solve for b

Click here to see answer by rfer(16322) About Me 

Question 345658: Please help! :c)
In 1940, your grandmother put $1000 into a special trust to be paid to a future grandchild (you) 60 years later, in the year 2000.
How much will this trust be worth in the year 2000 if it has been earning 8%?

Click here to see answer by scott8148(6628) About Me 

Question 346059: Can you help me simplify the expression first by using the distributive property to remove any parentheses.
-7(z - 4)
Can you solve these equations
1.) 5z -(3x - 1)= 2
2.) 1/3x - 1/3 = -2
3.) 1/3x - 4 = 1

Click here to see answer by stanbon(75887) About Me 

Question 346122: Please help :c)
At an interest rate of 10%, what is present value of $1m to be received in:
150 years?

Click here to see answer by Fombitz(32388) About Me 

Question 346550: An investment of $37,000 was deposited in the bank. Interest was computed on a semi-annual basis and was kept there for 10 years. If the maturity value of this investment is $74,000, at what interest rate was it invested?
Click here to see answer by mananth(16946) About Me 

Older solutions: 1..45, 46..90, 91..135, 136..180, 181..225, 226..270, 271..315, 316..360, 361..405, 406..450, 451..495, 496..540, 541..585, 586..630, 631..675, 676..720, 721..765, 766..810, 811..855, 856..900, 901..945, 946..990, 991..1035, 1036..1080, 1081..1125, 1126..1170, 1171..1215, 1216..1260, 1261..1305, 1306..1350, 1351..1395, 1396..1440, 1441..1485, 1486..1530, 1531..1575, 1576..1620, 1621..1665, 1666..1710, 1711..1755, 1756..1800, 1801..1845, 1846..1890, 1891..1935, 1936..1980, 1981..2025, 2026..2070, 2071..2115, 2116..2160, 2161..2205, 2206..2250, 2251..2295, 2296..2340, 2341..2385, 2386..2430, 2431..2475, 2476..2520, 2521..2565, 2566..2610, 2611..2655, 2656..2700, 2701..2745, 2746..2790, 2791..2835, 2836..2880, 2881..2925, 2926..2970, 2971..3015, 3016..3060, 3061..3105, 3106..3150, 3151..3195, 3196..3240, 3241..3285, 3286..3330, 3331..3375, 3376..3420, 3421..3465, 3466..3510, 3511..3555, 3556..3600, 3601..3645, 3646..3690, 3691..3735, 3736..3780, 3781..3825, 3826..3870, 3871..3915, 3916..3960, 3961..4005, 4006..4050, 4051..4095, 4096..4140, 4141..4185, 4186..4230, 4231..4275, 4276..4320, 4321..4365, 4366..4410, 4411..4455, 4456..4500, 4501..4545, 4546..4590, 4591..4635, 4636..4680, 4681..4725, 4726..4770, 4771..4815, 4816..4860, 4861..4905, 4906..4950, 4951..4995, 4996..5040, 5041..5085, 5086..5130, 5131..5175, 5176..5220, 5221..5265, 5266..5310, 5311..5355, 5356..5400, 5401..5445, 5446..5490, 5491..5535, 5536..5580, 5581..5625, 5626..5670, 5671..5715, 5716..5760, 5761..5805, 5806..5850, 5851..5895, 5896..5940, 5941..5985, 5986..6030, 6031..6075, 6076..6120, 6121..6165, 6166..6210, 6211..6255, 6256..6300, 6301..6345, 6346..6390, 6391..6435, 6436..6480, 6481..6525, 6526..6570, 6571..6615, 6616..6660, 6661..6705, 6706..6750, 6751..6795, 6796..6840, 6841..6885, 6886..6930, 6931..6975, 6976..7020, 7021..7065, 7066..7110, 7111..7155, 7156..7200, 7201..7245, 7246..7290, 7291..7335, 7336..7380, 7381..7425, 7426..7470, 7471..7515, 7516..7560, 7561..7605, 7606..7650, 7651..7695, 7696..7740, 7741..7785, 7786..7830, 7831..7875, 7876..7920, 7921..7965, 7966..8010, 8011..8055, 8056..8100, 8101..8145, 8146..8190, 8191..8235, 8236..8280, 8281..8325, 8326..8370, 8371..8415, 8416..8460, 8461..8505, 8506..8550, 8551..8595, 8596..8640, 8641..8685, 8686..8730, 8731..8775, 8776..8820, 8821..8865, 8866..8910, 8911..8955, 8956..9000, 9001..9045, 9046..9090, 9091..9135, 9136..9180, 9181..9225, 9226..9270, 9271..9315, 9316..9360, 9361..9405, 9406..9450, 9451..9495, 9496..9540, 9541..9585, 9586..9630, 9631..9675, 9676..9720, 9721..9765, 9766..9810, 9811..9855, 9856..9900, 9901..9945, 9946..9990, 9991..10035, 10036..10080, 10081..10125, 10126..10170, 10171..10215, 10216..10260, 10261..10305, 10306..10350, 10351..10395, 10396..10440, 10441..10485, 10486..10530, 10531..10575, 10576..10620, 10621..10665, 10666..10710, 10711..10755, 10756..10800, 10801..10845, 10846..10890, 10891..10935, 10936..10980, 10981..11025, 11026..11070, 11071..11115, 11116..11160, 11161..11205, 11206..11250, 11251..11295, 11296..11340, 11341..11385, 11386..11430, 11431..11475, 11476..11520, 11521..11565, 11566..11610, 11611..11655, 11656..11700, 11701..11745, 11746..11790, 11791..11835, 11836..11880, 11881..11925, 11926..11970, 11971..12015, 12016..12060, 12061..12105, 12106..12150, 12151..12195, 12196..12240, 12241..12285, 12286..12330, 12331..12375, 12376..12420, 12421..12465, 12466..12510, 12511..12555, 12556..12600, 12601..12645, 12646..12690, 12691..12735, 12736..12780, 12781..12825, 12826..12870, 12871..12915, 12916..12960, 12961..13005, 13006..13050, 13051..13095, 13096..13140, 13141..13185, 13186..13230, 13231..13275, 13276..13320, 13321..13365, 13366..13410, 13411..13455, 13456..13500, 13501..13545, 13546..13590, 13591..13635, 13636..13680, 13681..13725, 13726..13770, 13771..13815, 13816..13860, 13861..13905, 13906..13950, 13951..13995, 13996..14040, 14041..14085, 14086..14130, 14131..14175, 14176..14220, 14221..14265, 14266..14310, 14311..14355, 14356..14400, 14401..14445, 14446..14490, 14491..14535, 14536..14580, 14581..14625, 14626..14670, 14671..14715, 14716..14760, 14761..14805, 14806..14850, 14851..14895, 14896..14940, 14941..14985, 14986..15030, 15031..15075, 15076..15120, 15121..15165, 15166..15210, 15211..15255, 15256..15300, 15301..15345, 15346..15390, 15391..15435, 15436..15480, 15481..15525, 15526..15570, 15571..15615, 15616..15660, 15661..15705, 15706..15750, 15751..15795, 15796..15840, 15841..15885, 15886..15930, 15931..15975, 15976..16020, 16021..16065, 16066..16110, 16111..16155, 16156..16200, 16201..16245, 16246..16290, 16291..16335, 16336..16380, 16381..16425, 16426..16470, 16471..16515, 16516..16560