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)  |
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) |
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)  |
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)  |
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)  |
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) |
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)  |
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)  |
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) |
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)  |
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) |
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) |
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)  |
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)  |
|
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
|