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

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Question 973804: Formulate but do not solve the problem.
Kelly Fisher invested a total of $20,000 in two municipal bonds that have yields of 7% and 10% interest per year, respectively. If the interest Kelly receives from the bonds in a year is $1640, how much did she invest in each bond? (Let x and y denote the amount, in dollars, invested at 7% and 10%, respectively.
=20,000
=1640

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Question 973779: 42 people go to apark. The admission fee for adults is 16and the children is 12.they spend $568 all together how many adults are there
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Question 973925: theresa sold magazine subscription with three prices: $18, $16, $25. She sold 1 fewer of the $18 subscriptions than of the $16 subscriptions and sold a total of 24 subscriptions. If her total sales amounted to $479,how many $25subscriptions did theresa sell?
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Question 973944: How many weeks would it take to pay back $3,630.00. If you pay $100.00 every two weeks?
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Question 973955: How much money would you need to deposit today at 5% annual interest compounded monthly to have $20000 in the account after 9 years?
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Question 974060: 14000 hired employees in 2015
2000 of the employees are being promoted in the year 2016 all receiving
$6000 sign on bonuses.
If there were 12500 newly hired employees in the year 2014 and of them only
1500 were promoted for the year 2015 still each receiving the $6000 bonuses
what would the bonus average be for each employee if the employer created a table for bonuses which is, "we will award bonuses on top of the sign on based on the percentage of the increase of the The amount we set aside for bonuses with be multiplied by the percentage increase of in house promotions this year as opposed to the year before and that percentage would equal what amount

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Question 974045: Every year a man is paid $500 more than the previous year. If he receives $17800 over four years, what was he paid in the first year?
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Question 974225: Bob and Sue took out a 60 month loan at 2.80% on a 2015 Infinity QX60 all wheel drive. The MSR is set at the managers suggested retail price.: What will the simple interest and maturity value be? Apply the I=Prt formula

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Question 974328: tickets to a concert are 5 dollars for balcony and 10 for orchestra. if the attendance at one show was 800 and if receipts were $700, how many people bought orchestra seats

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Question 974413: with a 6% raise, you will earn $19610 annually. what is your salary before this raise?

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Question 974443: If the average daily balance is $1480.00 and the monthly interest is 2.2%, what is the finance charge for the month?
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Question 974521: the current petrol price ii R13.20 per litre. if the price increase by 7.5% how much will a litre of petrol then cost? show all the calculations
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Question 974528: Lana makes $8 an hour plus $12 an hour for every hour of overtime. Overtime hours are any hours more than 40 hours for the week.
how would I Create an equation that shows the amount of wages earned, W, for working x hours in a week when there is no overtime.

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Question 974522: An amount of
$33,000
is borrowed for
5
years at
6.75%
interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?

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Question 974540: How much must you deposit today to withdraw M9000 in 5years if simple interest of 5% is earned
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Question 974838: The following aged accounts receivable schedule was prepared for Dulax paints at the end of the firms fiscal year on December 31.2010
The Accounts receivable age analysis as at that date is as shown below
Day past due
Customer Current 1-30 days 31-60 days 0ver 60 days Total balance
A & M 63,000 64,000 0 40,000 167,000
B & J 111,000 90,000 35,000 0 236,000
C & S 98,000 0 10,000 108,000
Totals 272,000 154,000 45,000 40,000 511,000
Required
a).Compute the estimated uncollectible account at the end of the year using the following rates
Current 3%
1-30 days past due 5%
31-60 days past due 15%
Over 60 days past due 30% (5 marks)
b).As of July 31, 2005, there is a debit balance of K227, 000 in the allowance for doubtful accounts. Compute the amount of the adjustment for the uncollectible which is to be expensed to the income statement as at 31 July. (2 marks)
C) In general journal form, show how the adjustment in (b) will be recorded in C B shops books (1 mark)
d) On August 18 2005, the accounts receivable of I & T amounting to K264, 000 was recognized as uncollectible. Record this write off in the general Journal (1 mark)
e) ON September 2, 2005, a cheque for K 200,000 was received from J & R to apply on his K602, 000 accounts, which had been written off as uncollectible on December 19 2004 .Record this transaction in the general journal.(2 marks)
f) Suppose that instead of aging the accounts receivable, the company estimated the uncollectible accounts to be 5 % of the total accounts receivable on July 31.Assume also that allowance for doubtful accounts has a credit balance of K125, 000 before the adjusting entry. Give the general journal entry to record the adjustment for estimated losses from uncollectible accounts. (5 marks)
g)On March 1 2009,Dig printing company received a 120 day ,10 % interest bearing note from Moon in settlement of the past due account receivable of K 6,000,000 .On March 31 Dig discounted this note at Barclays bank. The bank charged a discount rate of 12%.
What are the proceeds for the transaction?
Give the general journal entries to record these transactions in the books of Dig (5 marks)
well if you mind helping please as i need it.

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Question 974992: wade has a score of 59, 68 76,84 and 69 on the first five tests in his social studies class.he knows that the final exam counts as two tests. what score will he need on the final to have an average of 70?(all tests and exams have a maximum of 100 points.)
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Question 975078: a mother earned 10000.00 from royalties on her cookbook. she aside 20% of this for a down payment on a new home. the balance will be used for her sons future education. she invests a portion of the money in a bank certificate of deposit that earns 4% and the remainder in a savings bond that earns 7%. if the total interest earned after one year is 480.00, how much money was invested at each rate?

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Question 975044: the price of a cinema ticket is 10000 for an adult and 7000 for a child 60 people attended the movie and paid 540000 find the number of children and adults that attended the movie
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Question 975219: Find the simple interest.a principal of 300 a rate of 6.2% and time 1/2 year.what is the simple interest $.
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Question 975232: A credit union client deposits $4,400 in an account earning 7.5% interest, compounded semiannually. What will the balance of the account be at the end of 35 years?
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Question 930557: Roberto must pay a finance charge on a credit card balance of $1315.88. His credit card uses a daily periodic rate on an APR of 17%. How much is his finance charge for a 30-day billing cycle?
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Question 975298: while riding her bike to the park and back home five times, Stacey timed herself at 60 min, 62 min, 55 min, ( the wind was helping), 58 min, and 63 min. she had set a goal of averaging 60 minutes for her rides. how many minutes will she need on her sixth ride to attain her goal?
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Question 975297: a small company invested $20,500 such that a part of the money is in an account with a 4% invest rate and the rest at a 5% rate. the annual interest from the 5% account is $35 more than the interest earned from the 4% account. find the account of money the company invested at each rate.
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Question 975430: a saleswoman is paid a basic wage of $225 per week. In addition she is paid a commission of 3% on the value of goods she sells above $5500. How much commission will she be paid on sales amounting to $12500 and what are her earnings for that week?
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Question 975444: Sebastain would like both of his investment a total of $12000 to bring him the same annual interest income. one of his investment is at 5.5% annual interest rate and the other at 7%. find the amount of money that sebastain should invest in each account.
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Question 975843: Last year, a women's professional organization made two small-business loans totaling $26,000 to young women beginning their own businesses. The money was lent at 5% and 9% simple interest rates. If the annual income the organization received from these loans was $1,940, what was each loan amount?
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Question 975937: If I invest $8,000 (moderate risk) at 8% annually for 14 years, how much money would I have?
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Question 975979: A retired couple has $170,000 to invest to obtain annual income. They want some of it invested in safe Certificates of Deposit yielding 5%. The rest they want to invest in AA bonds yielding 12% per year. How much should they invest in each to realize exactly $16,900?
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Question 975950: Find the time it takes for $7,000 to double when invested at an annual interest rate of 19%, compounded continuously.

Find the time it takes for $700,000 to double when invested at an annual interest rate of 19%, compounded continuously.

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Question 975989: This one is a tough one.
A mother earned $8750.00 from royalties on her cookbook. She set aside 20% of this for a down payment on a new home. The balance will be used for her son's future education. She invests a portion of the money in a bank certificate of deposit (CD account) that earns 4% and the remainder in a savings bond that earns 7%. If the total interest earned after one year is $420.00, how much money was invested at each rate? How much money was invested in the CD account?

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Question 975998: If 6% of an amount of money is $30, how much is the full amount of money?

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Question 975921: Antony has a net spendable income of $1,950 per month. What is the maximum recommended amount of money that he should budget for food for a month? Round to the nearest dollar.
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Question 976047: There are 460 pupils at Jane's school. There are 22 more girls than boys. By constructing an equation and solving it, find out how many of each there are in the school.
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Question 976065: A car salesperson is paid a base salary of $17,000 a year plus 15% commission on all furniture sales. What are the sales needed to ensure an annual income greater than $60,000
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Question 976075: A $50,000 deposit that yields a return of $400,000 after 16 years. What is the interest rate?
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Question 976089: I have tried so many times but can not figure this one out...
You have a total of $15 000 to deposit into two simple interest accounts. On one account, the annual simple interest is 5.5%, on the second 7%. How much should be invested in each account so that the total annual interest earned is $635.

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Question 976089: I have tried so many times but can not figure this one out...
You have a total of $15 000 to deposit into two simple interest accounts. On one account, the annual simple interest is 5.5%, on the second 7%. How much should be invested in each account so that the total annual interest earned is $635.

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Question 976049: What is the percentage saving if you get $1 off for every $5 spent?

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Question 976123:
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Question 976219: e^0

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Question 976278: John's normal rate of pay is $7.5 per hour. He is paid the normal rate for the first 30 hours, time and a half for the next 5 hours, and double time after that. His wage for a 37-hour week is
Please help. THANK YOU

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Question 976308: linda invested $12,000 for one year, part at 12 percent annual interest and the rest at 6 percent annual interest. how much did she invest at 6 percent to get $1,200 interest in a year?
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Question 975727: A=Pe^rt calculate the balance of your account after three years. Round.the answer to the nearest hundredth. Situation you invest 4400 in the account that pays an interest rate of 6.5%, compounded continuously.
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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, 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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, 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