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

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Question 935150: Mr Yang's daily wages was $5 more than Mr Chen.Although Mr Yang worked 3 days less than Mr Chen, they earned $180 each. Find the number of days Mr Yang worked.
Click here to see answer by josgarithmetic(39613)

Question 935156: Mala diposited 25450 rps in a bank on 01/01/2006 . If the rate is 6% yearly then on 15/03/2007 how much rupees mala have?
Click here to see answer by stanbon(75887)

Question 935197: At the rate of 8.1/2%p.a. somple interest, a sum of Rs.4800 will earn how much
interest in 2 years 3 months?
Click here to see answer by rfer(16322)

Question 935236: You want to make $1850 simple interest in the next two years from your bank account that has $14,800 in it. What interest rate would you have to get to make $1260 in two years?
Click here to see answer by stanbon(75887)

Question 935321: I recently paid a car through a family member for 3 years. The car was $13000 from memory I paid for 3 years. There is $4000 left on it

Click here to see answer by Alan3354(69443)

Question 935383: The total annual interest for two investments are $81. Some amount of this money is invested at 5% simple interest and $300 more was invested at 7% simple interest. How much was invested at each rate
Click here to see answer by TimothyLamb(4379)

Question 935413: stacey earns $153 less per week than robert. their combined income is $443 per week. how much does each person earn
Click here to see answer by TimothyLamb(4379)

Question 935414: If John gets paid 2000 dollars every month and also gets a 10% bonus monthly, how much money would he get paid in total after 80 months?
Click here to see answer by Theo(13342)

Question 933877: the future value of $5000 invested for 4 years at rate r is compounded annually, is given by S=5000(1+r)^4. a) graph with these points [0,0.24] by [0,12000]-i did this step on the calculator. b) use the root method to find the rate r, as a percent for which the future value is $10,368. r=.2 c)What rate as a percentage gives 2320.50 in interest on this investment?
Click here to see answer by Theo(13342)

Question 935434: Ben tutors in the math lab. He gets paid $8 per hour for the first 15 hour and $10 per hour for each hour after that. She made $150 one week. How many hour did he work?
Click here to see answer by dkppathak(439)

Question 934187: A businessman invests total of $200,000 in two companies which paid dividends of 5% and 7% respectively. If he received a total of $11,600, how much did he invest at 7%
Click here to see answer by ptfile(81)

Question 935437: i have invested money in two accounts. One account pay 5% annual interest and the other pays 6%. I have $200 more in the 6% account than I have in the 5% account.If the total amount of interest for the year was $56,how much do I have in each account?
Click here to see answer by lwsshak3(11628)

Question 935447: movie theaters pay a certain price for the movies that you and i see. Suppose a theater pays $1,500 for each showing of a popular movie. If they charge $7.50 for each ticket they sell,then they will lose money if ticket sales are less then $1,500. However, they will make a profit if ticket sales are greater than $1,500. What is the range of ticket they can sell and still lose money? what is the range of tickets they can sell and make a profit?
Click here to see answer by TimothyLamb(4379)

Question 935513: Your credit card charges interest of 1.2 percent per month. What is the annual percentage rate?
Click here to see answer by Alan3354(69443)

Question 933932: What is the Present Value of a loan that will have regular payments pf $50 bi-weekly for 6 years at a finance rate of 7% per annum?
Click here to see answer by ptfile(81)

Question 935572: During one day in October 2010, the value of one share of NutriSystem stock opened at $19.28. At the end of the day, it closed at $18.60. If you owned 80 shares, what would be your profit or loss that day?
Click here to see answer by TimothyLamb(4379)

Question 935567: Manny purchased a new car this year for $20,500. The car is expected to depreciate at an annual rate of 16%. Using the model, about how much will Manny�s car be worth after 5 years? Round to the nearest dollar.
Click here to see answer by TimothyLamb(4379)

Question 931810: A bank account pays 2.3% interest per year.
How much is a deposit of �400 worth after 5 years?
Give your answer to the nearest penny.
Click here to see answer by ptfile(81)

Question 935626: Suppose the $2500 that I deposited when I was 25 has grown to 25,000 now that I'm $40. What was the average annual return on my investment?

Click here to see answer by Fombitz(32388)

Question 935634: A part of $8900 is invested at 6% and the rest at 4%. the annual income from the 4 % exceeds the income from the 6% investment by $74. Find the amount of each investment.
Click here to see answer by dkppathak(439)

Question 933349: Bill borrowed $8000 at a rate of 19.5% , compounded quarterly. Assuming he makes no payments, how much will he owe after 7 years?
Click here to see answer by Fombitz(32388)

Question 935652: 1. The value of a new car decreases exponentially. Suppose you buy a new car for $32,000, and the value of the car decreases at a rate of 20% per year. Find the value of the car after 5 years. Round the answer to the nearest thousand dollars.
So i wrote down that P is 32000, R is 20 and T is 5 in the A=Pe^rt equation. A=32000(1-20*5) I dont know how to do the rest.

Click here to see answer by TimothyLamb(4379)

Question 935653: Suppose you deposit $10,000 into a savings account with 3.5% compound interest compounded each month. Find the account balance in 50 years. Round the answer to the nearest thousand dollars.
Click here to see answer by TimothyLamb(4379)

Question 935705: You deposit $3,000 in a savings account that earns 6% simple interest. How long will it be before you have a total of $3,500?
Click here to see answer by marroqus(3)

Question 935711: if $1000 is equal to 184,000 naira. how much $ is equal to 100,000 naira?
Click here to see answer by Theo(13342)

Question 935742: A restaurant models its profit in dollars per hour using a least squared regression line with the number of customers per hour as the predictor variable. They create the following model: y = 14.78x - 235.57.
What is the minimum amount of customers per hour for the restaurant to have a positive profit?
Click here to see answer by TimothyLamb(4379)

Question 935744: if my monthly income is $300 and out that income I can only pay 8.5% of my income as rent, how much monthly rent can I afford?
Click here to see answer by TimothyLamb(4379)

Question 935744: if my monthly income is $300 and out that income I can only pay 8.5% of my income as rent, how much monthly rent can I afford?
Click here to see answer by rfer(16322)

Question 935716: Sarah receives salary of $90 weekly plus 12% commission on all sales. Sarah had $3000 in sales this week, how much did she make?
Click here to see answer by TimothyLamb(4379)

Question 935716: Sarah receives salary of $90 weekly plus 12% commission on all sales. Sarah had $3000 in sales this week, how much did she make?
Click here to see answer by rfer(16322)

Question 935658: A person deposited $1000 at the end of each year into a retirement savings plan for the last 10 years. Her deposits earned interest at 8% for the first 3 years; at 10.25% for the next 4 years; and at 9% for the last 3 years. (a) what is the accumulated value of her retirement plan? (b) What is the total interest earned for the 10 years?
Click here to see answer by ptfile(81)

Question 935747: mr bean invested a total of birr 10,000 in three different saving account the account paid simple interest at an annual rate of 8%,9% and 7.5% total interest earned for the year was birr 814 the amount in the 9% account was twice the amount invested in 7.5% account how did bean invested in each account
Click here to see answer by TimothyLamb(4379)

Question 935764: hari borrowed rs450 from his friend at 6% per annum. he returned
the amount after 8months.How much money did he pay?

Click here to see answer by rfer(16322)

Question 935745: A high-interest savings account pays 5.5% interest compounded annually. If $300 is deposited initially and again at the first of each year, which summation represents the money in the account 10 years after the initial deposit?
Click here to see answer by ptfile(81)

Question 935657: How much do i pay per month if i pay $145,000 for 7 years and the interest is 7.5%?
Click here to see answer by ptfile(81)

Question 934185: If a car costs $10,000 today, and the CPI calculates an inflation rate of 3% this year, how much will the car cost one year from now?
Click here to see answer by ptfile(81)

Question 933805: As a savings plan for college, when their son Bob was born, the Wilburs deposited $10,000 in an account paying 8% compounded annually. How much will the account be worth when Bob is 18 years old?
Click here to see answer by dragonmomma(1)

Question 935847: G'day,
Thanks in advance for taking the time to answer my question.
Here it is:
A collection of 70 coins consisting of dimes, quarters, and half-dollars has a value of $17.75. There are three times as many quarters as dimes. Find the number of each kind of coin.
I'm not even sure how to build the equation for this problem.
Let:
Number of dimes = d
Number of quarters = 3d
Number of half dollars = 0.5(70) - 4d ???
If you could help me write this equation it would be most appreciated.
Thank you so much!
Kind regards,
Mark Beaton
Click here to see answer by TimothyLamb(4379)

Question 931585: mrs. Rosario invested part of Php35,000 in a bank paying 9% interest for 2 years and the balance in another bank paying 6% interest for 4 years. it turns out that the two investmnets earned equal interst. how much was invested at each rate?

Click here to see answer by ptfile(81)

Question 931704: 1. A person borrowed 15000 AED on a 5% simple interest per year. The loan period is 3 years. He plans to make a partial payment of 5000 AED after the first year.

(a) What is the adjusted principal after the partial payment?
(b) What is the adjusted balance due at the maturity date?
(c) How much interest will he save by making this partial payment?

Click here to see answer by ptfile(81)

Question 935854: suppose that you set up a new ira that pay an apr of 5% compounded monthly. if you contribute $200 per month for 13 years how much will the ira contain at the end of that time
Click here to see answer by Theo(13342)

Question 935925: From January to June a company spent $60.00 per month on office supplies. In July the price increased by %15 and remained that way for the rest of the year. How much did the company spend on office supplies for the year?
Click here to see answer by TimothyLamb(4379)

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