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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 99389: Here is a money problem that I need help with.
Suppose that the cost C, in dollars, of producing x items is given by C = 3 How many items can be produced for $ 13,000?
Thank you very much for your help.

Click here to see answer by stanbon(75887)

Question 99607: You invest $30,000 in an account for your retirement. the interest you receive is 8% compounded monthly.
A. How much will be in the account after 30 years?
B. If your interest was compounded continously at the same rate, how much would you have after 30 years?
PLease help!
Click here to see answer by stanbon(75887)

Question 99496: A Bank loaned out $12,000, part of it at the rate of 8% per year and the rest at the the rate of 18% per year. If the interest recieved totaled $1000, how much was loaned at 8%?
Click here to see answer by checkley71(8403)

Question 99660: one quater will give 40 minutes at a parking meter.If you will be gone 2 hours(120minutes),how many quaters do you need to deposit
Click here to see answer by checkley71(8403)

Question 99677: Please help me solve this equation:
Karen Waugtal invested some money at 9% annual simple interest and $250 more than that amount at 10% annual simple interest. If her total yearly interest was $101, how much was invested at each rate?
I'm stuck.
Click here to see answer by ptaylor(2198)

Question 99763: determine the principle that will earn $200 simple interest in 5years at 6%per anum
Click here to see answer by stanbon(75887)

Question 99837: Karen works in retail computer store. She receives a weekly base salary of $300 plus commission of 3% of sales exceeding her quota of $20,000 per week. What are her sales for a week in which she earns $630.38?
Click here to see answer by checkley71(8403)

Question 99893: stockbroker is paid 45% of the comission her firm charges her clients. if she personally receives 134.55 on an 11,500 transaction, what is the firm's commission rate?
Click here to see answer by checkley71(8403)

Question 99973: A grocer wants to mix peanuts and cashews to produce 20 lb bag of mixed nuts worth $6.20/lb. How many pounds of each kind of nut should she use if peanuts cost $4.80/lb and cashews cost $8/lb?
Click here to see answer by checkley71(8403)

Question 100029: in an evening, a sporting goods store sold twice as monay T-shirts as shorts. t-shirts are $9 each, and shorts are $14 each. The total amount of money taken in for both items was $256. Find the number of each that was sold ( using and method ).
Click here to see answer by ptaylor(2198)

Question 100096: An aid in the mathematical department office gets paid $3 per hour for clerical work and $8 per hour for tutoring. If she wants to work a total of 20 hours and earn at least $145, what is the maximum number of hours X she can spend on clerical work?
Click here to see answer by stanbon(75887)

Question 100111: Sharon is a manufacturer's representative selling office furniture directly to businesses. She receives a monthly salary of $2000 plus a 2.2% commission on sales exceeding her quota of $150,000 per month.
A. What are her earnings for a month in which she has $227,000 in sales?
B. If her average monthly sales are $235,000, what straight commission rate would generate the same average monthly earnings as her current basis of remuneration?
Click here to see answer by checkley71(8403)

Question 100116: lucille recieves an annual salary of $37,500 based on a 37.5 hour workweek. What are her gross earnings for a two-week pay period in which she works 9 hours of overtime at 1.5 times her regular rate of pay?
Click here to see answer by checkley71(8403)

Question 100133: you plan to invest $12000 in two funds paying 4.25% and 5.5% simple interest. Yor goal is to obtain a total anual interest income of $1000 from the investments. what is the smallest amount you can invest in the 4.25% fund and still meet your objective??

I tried doing
0.0425x+(12000-x)0.055=1000
but i get a negative value for x, which means I can't invest any money??
and even if i spent the whole 12000 on the 4.5 interest, i wills till get less than $1000.
Is this a wrong way of solving the problem?? any help would be appreciated. thank you!!!
Click here to see answer by checkley71(8403)

Question 100289: An $42 item is on sale for 40% off with 5% tax. what is the total at check out?
Click here to see answer by tutorcecilia(2152)

Question 100404: how do you solve ed has 30coins in nickles and in dimes in all he has 2.10 how many of each coins dose he have
Click here to see answer by ptaylor(2198)

Question 100947: Sales--Tickets for a concert were sold to adults for $3 and to students for $2.
If the total sold were the amount of $ 824 and twice as many adult tickets were
sold,then how many of each were sold?

Click here to see answer by Nate(3500)

Question 101036: Bruce invested some money in the Thomas 300 fund and $3000 more than that amount in the Thomas 400 fund. For the year he was in the funds, the 300 fund paid 18% simple interest and the 400 fund paid 15% simple interest. If the income for the two investments totaled $ 3750 for one year, then how much did he invest in each fund?
How do I set up the equation?
Click here to see answer by scott8148(6628)

Question 101061: When x number of units are sold, the price of each unit (in
dollars) is given by P = -x/2 + 75. Find the unit price when the following quantities are sold: 2, 7, 9, 11.
Click here to see answer by doukungfoo(195)

Question 101460: Hi, can you please help me with this word problem??
The Audio Outlet purchased 60 cassete recorders, gave away three in a contest and sold the rest at twice their purchase price. If the stores total profit was 1188$ how much did the store sell each recorder for?
thank you
appreciate it
Click here to see answer by vertciel(183)

Question 101481: hi, i need help with this problem please.
a plumber makes $4.50 per hour more than his apprentice. During an 8 hour day their combined earnings total $372. How much does each make per hour??
Thank you, i aprrecicate it
Click here to see answer by oberobic(2304)

Question 101363: Showing algebra....
A pile of coin 15 coins contains dimes and quaters. If the value of the pile is $1.65 find the number of dimes and quaters in the pile.
Click here to see answer by ptaylor(2198)

Question 101802: A total of $9500 is deposited into two simple interest accounts. On one account the annual simple interest rate is 10% on the second account the annual simple interest rate is 11%. How much should be invested in the 11% account so that the total annual interest earned is $1005?
Click here to see answer by stanbon(75887)

Question 102225: you have $3.50 in dimes and quarters. If you have a total of 23 coins, how many of each type do you have?
Click here to see answer by checkley75(3666)

Question 102262: factor out the price R=-0.08p�+300p
Click here to see answer by stanbon(75887)

Question 102447: Hello, I think I'm on the right track, but is having problems understanding the formulas.... as for as what problems can the formula solve... my question is "how much must you invest at 7%simple intrest to have a total of $8000 (principal + intrest) after 2 years?" the formla I used or is using to sove is: A=P(1 + rt)
Can you assist me.
Click here to see answer by stanbon(75887)

Question 102433: Mr. Money invested $10,000 in a certificate of deposit (CD) for three years at a rate of 3.75% compounded annually. What will be the value, A of the CD at the end of the three year period? Using the formula A=p(1+rt) where A is the final amount (value) ,p is the initial amount invested r is the annual interest rate and t is the time in years. Please explain this problem to me step by step Thank you
Click here to see answer by stanbon(75887)

Question 102405: A toy company spends $1500 each day on plant costs plus $8 per toy for labor and materials. The toys sell for $12 each. How many toys must the company sell in one day to equal its daily costs?
Define a variable(s), write an equation and solve.

Click here to see answer by stanbon(75887)

Question 102461: 48. Business and finance. When x number of units are sold, the price of each unit (in P= x 75
dollars) is given by . Find the unit price when the following quantities
are sold: 2, 7, 9, 11.
Click here to see answer by JP(22)

Question 102754: 25000 is placed in the bank, part in an account earning 10% and part in an account earning 15% interest. The annual interest paid on the 25000 is 3350. How much money is in the 10% account?
Click here to see answer by Earlsdon(6294)

Question 102834: A child is 40 inches tall, which places her in the top 10% of all children in similar age. The mean height for such children is 38 inches. Based on this information, what is the standard deviation?
Click here to see answer by stanbon(75887)

Question 102893: What amount of interest will you pay on a $8200 loan for 1 year if the interest rate is 15% annually?
Click here to see answer by jayanthihemkos@yahoo.com(87)

Question 103129: If $4000 is invested at 6%, how much must be invested at 3% so that the total annual income will be $270?
Click here to see answer by chitra(359)

Question 103188: If 300 jellybeans cost you x dollars. How many jellybeans can you purchase for 50 cents at the same rate?
Click here to see answer by edjones(8007)

Question 103195: Original price problem. I need to know the steps on how to solve this question - After a 14% price reduction, a boat sold for $22,360. What was the boat's original price before the reduction?
If you can answer with the steps then great! And thanks so much! This was given to us by our College Algebra 2 Teacher without explanation. Supposedly it is in Sullivan's College Algebra section on problem solving, however I cannot locate an example.
Click here to see answer by Fombitz(32388)

Question 103215: A local computer center charges nonmemebers $5 per session to used the media center.If you pay a membership fee of $25 you pay only $3 per session. Write an equation tht can help you dicide whether to become a member. Then solve the equation and interpret the solution.
Click here to see answer by checkley75(3666)

Question 103327: Enrique puts 12% of his monthly paycheck in an IRA. If he invests $72 in his IRA, how much was his paycheck?
Click here to see answer by doukungfoo(195)

Question 103368: Can someone please help me with the following two questions?
1. Mary just deposited $33,000 in an account paying 10% interest. She plans to leave the money in this account for seven years. How much will she have in the account at the end of the seventh year?
I got 64,307.66. Is this correct?
2. Mary and Joe would like to save up $10,000 by the end of three years from now to buy new furniture for their home. They currently have $2500 in a savings account set aside for the furniture. They would like to make equal year end deposits to this savings account to pay for the furniture when they purchase it three years from now. Assuming that this account pays 8% interest, how much should the year end payments be?
I cannot find a formula to solve this question. Can someone please help me? Greatly appreciated.
Click here to see answer by stanbon(75887)

Question 103385: If two opposite sides of a square are increased by 9 meters and the other sides are decreased by 6 meters, the area of the rectangle that is formed is 78 square meters. Find the area of the original square.
Click here to see answer by edjones(8007)

Question 103465: Help Please!
Kevin earned $165 interest for 1 year on an investment of $1500. At the same rate, what amount of interest would be earned by an investment of $2500?
Thank you!
Click here to see answer by checkley75(3666)

Question 103294: Amber and jenny finish counting their money. Amber says if jenny gives her four dollars they will have the same amount. Jenny says if amber gives her four dollars she will have twice what amber has. how much do they have?

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

Question 103649: A collection of dimes and quarters amounts to $1.80. There are 12 coins in all. How many of each coin are there?
Click here to see answer by doukungfoo(195)

Question 103747: Dr. Salter wants to invest $50,000 to earn $4400 per year. He can invest in b-rated bonds paying 12% and CD's paying 4% per year. How much should be invested in each to realize exactly $4400 in intrest per year?
Click here to see answer by Earlsdon(6294)

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