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

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Question 980099: A college student realized that he was spending too much money on fast food. For the remaining
5 months of the year his goal is to spend a mean of
$50 a month towards fast food. How much can he spend in December, taking into consideration that in the other
4 months he spent
$70,
$25,
$60, and
$30, respectively? Round your answer to two decimal places, if necessary

Click here to see answer by josh_jordan(263) About Me 

Question 980104: the value of a machine depreciates according to the function f(x) = 20000(1/2)^x, where x is the time in years from the purchase of the machine. Find its value after 3 years
Click here to see answer by jim_thompson5910(35256) About Me 

Question 979995: You run a canoe-rental business on a small river in Ohio. You currently charge $12 per canoe and average 36 rentals a day. An industry journal says that, for every fifty-cent increase in rental price, the average business can expect to lose two rentals a day. Use this information to attempt to maximize your income. What should you charge?
Click here to see answer by ankor@dixie-net.com(22740) About Me 

Question 979996: Randy Ko is a t-shirt vendor. The fixed cost of any order if $7500, the variable cost is $20 per shirt. Randy's selling price is $120 per shirt, until a week after the tournament when it will drop to $75 a piece. The expected demand at full price is 1500 shirts. How much profit will he earn?
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Question 980155: When charging $375 for a catering service they make 25 sales. The owner estimates that if they decrease the price by $10 they will make 2 additional sales.
Is the relationship between sales and price linear? How do you know?
What is the slope in the resulting linear equation?
What is the intercept?
What is the equation that relates S, number of sales, and P, price?
thanks

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Question 980414: A single person pays $6,600 in income taxes on a gross income of $33,000. How much would a single person be expected to pay if his gross income is $36,000?
(Assume both incomes are in the same tax bracket.)

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Question 980282: The expected rate of return on a share of XYZ Company stock in the U.S is 17% while the rate of return on a share of stock of THZ Company in the Netherlands is 15%. If the pure rate of return is 3% in each country and the required risk premium is 8% for each company’s stock, what is the anticipated long term inflation rate in each country?

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Question 980710: Joan and Melissa have the same net spendable income. Joan uses a budget, while Melissa does not. Why might it seem that Joan has more money than Melissa?
Click here to see answer by solver91311(24713) About Me 

Question 980818: michelle borrows a total of 3000 from two lenders. one charges 4.6% simple interest the other 6.6% simple interest. she doesn't have to pay back for 4 years. at the end of 4 years she will owe 592 for interest for both. How much did she borrow from each lender

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Question 980975: find the required interest rate to the nearest tenth of a percent for $1200 to grow to $1900 if the interest is compounded quarterly for 7 yr
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Question 980961: what is the amount of interest earned for one month on 15632.16 at a rate of 10%?
I am not coming up with any of the multiple choice answers on my test....my email
address is meinga57@aol.com. Thanks for your help. Sharon

Click here to see answer by josgarithmetic(39613) About Me 

Question 981063: Part A: Max rented a motorbike at $465 for 5 days. If he rents the same motorbike for a week, he has to pay a total rent of $625.
Write an equation in the standard form to represent the total rent (y) that Max has to pay for renting the motorbike for x days. (4 points)
Part B: Write the equation obtained in Part A using function notation. (2 points)
Part C: Describe the steps to graph the equation obtained above on the coordinate axes. Mention the labels on the axes and the intervals. (4 points)

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Question 981033: A pheasant farmer started her farm with 120 pheasants. An analysis of her records shows that her pheasant population has increased by 15% each year. The farmer wants to determine a model of pheasant population growth using an exponential function. According to her model, what will the pheasant population be in 10 years?

Click here to see answer by josgarithmetic(39613) About Me 

Question 981072: how long does a 4000 investment to grow to 6000 at an annual rate 11%, compounded quartely. Assume no withdrawals are made.
Do not round any intermediate computations, and round your answer to the nearest hundredth?

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Question 981075: I received a death benefit. The contribution was 19,000. The interest was 56,000. How do you calculate the interest rate over 16 years?
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Question 981135: Survey of various types of bank account,rate of interest offered
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Question 981144: A dealer buys a car for $6,000. How much do you have to pay for this car if the dealer makes a 20% profit, and there is a 10% sales tax?
Click here to see answer by rfer(16322) About Me 

Question 980848: Jackson wants to buy a new cover for his phone. The cover costs $12.53 including tax. Jackson pays the clerk with cash and pays with a $20.00 bill. What should his change be?
Click here to see answer by JulietG(1812) About Me 

Question 981210: A house cost $120,000 when it was purchased. The value of the house increases by 10% each year. Find the rate of growth each month
Click here to see answer by josgarithmetic(39613) About Me 

Question 981325: A 35 ft by 30 ft pool has just been installed. Your task is to choose a material to border around the pool. The pool border must be uniform in width.
a) Let x be the width of the border. Write an algebraic expression for the area of the border around the pool.
b) Board members decided that the borders should be 5 feet wide, and they budgeted $6,500 for this project. You can select one of the following possible materials to border the pool.
Outdoor Carpeting: $6 per square foot plus $5 per foot to install edging around the rectangular border

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Question 981344: Two lots are purchased for $375,000. One lot costs 25% less than the other. What did each lot cost?
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Question 981344: Two lots are purchased for $375,000. One lot costs 25% less than the other. What did each lot cost?
Click here to see answer by MathLover1(20849) About Me 

Question 981470: if i have 90 and i have 85 i ho much do i have
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Question 981485: If Tyrell earns 720.00 interest in a year on a 15000.00 investment into 2 account one at 5% and one at 4.5% how much was invested in each account?

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Question 981496: Lawford and Delghoihhjkih98yhuijkljuigyugyurtnership. They have agreed that Lawford is to invest $90,000 and that Delgado is to invest $30,000. Lawford is to devote one-half time to the business and Delgado is to devote full time. The following plans for the division of income are being considered:.
a.Equal division.
b.In the ratio of original investments.
c.In the ratio of time devoted to the business.
d.Interest of 12% on original investments and the remainder equally.
e.Interest of 12% on original investments, salary allowances of $28,000 to Lawford and $60,000 to Delgado, and the remainder equally.
f.Plan (e), except that Delgado is also to be allowed a bonus equal to 20% of the amount by which net income exceeds the total salary allowances.
(1) (2)
$90,000 $135,000
Plan Lawford Delgado Lawford Delgado
a. $ $ $ $
b. $ $ $ $
c. $ $ $ $
d. $ $ $ $
e. $ $ $ $
f. $ $ $ $

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Question 981587: how much interest would i earn if I invested 3000 for 5 years into a saving account with a intrest rate of 0.35
then compare at 3 different compounding periods monthly daily continuously

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Question 981604: A pool can hold 3000 gallons of water, and it is being filled at a rate of 40 gallons per hour. The pool currently has 200 gallons in it.
a) Write a linear equation which represents number of gallons in the pool.
b) How long will it take to finish filling the pool?

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Question 981613: A rocket is launched straight up from the ground with an initial velocity of 224 feet per second.
a) At what time does the rocket reach its maximum height?
b)Find the maximum height of the rocket

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Question 981599: The Mendes family bought a new house 6 years ago for $104,000. The house is now worth $177,000. Assuming a steady rate of growth, what was the yearly rate of appreciation? Round your answer to the nearest tenth of a percent (1.2% etc)
Answer:

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Question 981633: A price of a share of stock fell 5% on Monday. Then, rose 20% on to Tuesday to $228. What was the price of the share of stock before trading on Monday?
Click here to see answer by rfer(16322) About Me 

Question 981641: Catherine deposited a total of $13,000 between two saving accounts bearing simple interest. One of the accounts has an interest rate of 2% while the other rate is 3%. If the total interest earned after one year is $320, find the amount deposited into each of the accounts.
Click here to see answer by mananth(16946) About Me 

Question 981657: Catherine deposited a total of $13,000 between two saving accounts bearing simple interest. One of the accounts has an interest rate of 2% while the other rate is 3%. If the total interest earned after one year is $320, find the amount deposited into each of the accounts.
Click here to see answer by macston(5194) About Me 

Question 981711: What item,
Click here to see answer by richwmiller(17219) About Me 

Question 981770: if i have $15,000 to invest for one year, some at 8% and the est at 7%. if i want to earn $1,100 from these investments, how much should i invest at each rate?
Click here to see answer by macston(5194) About Me 

Question 982165: Maria paid $100 for a bike after receiving 20% discount. what was the original price?
Click here to see answer by rfer(16322) About Me 

Question 982184: If a pool can hold 2000 litres of water, what percentage is lost when 25 litres evaporates?
Click here to see answer by stanbon(75887) About Me 
Question 982184: If a pool can hold 2000 litres of water, what percentage is lost when 25 litres evaporates?
Click here to see answer by rfer(16322) About Me 

Question 982183: Deniece has accumulated $50,000 in her thrift savings plan at her job at the Federal Aviation Administration. The government puts in 1% of her pay and matches up to another 4% if she puts in 5% out of her pay. Deniece earns $80,000 a year and plans to add 5% from her income plus the agency 5% for a total of $8,000 per year. Her cousin Eugene says that if she invests in stocks, she can earn 12% per year because that has been the long term history. How much will she have in 25 years at retirement if she can earn 12% per year compounded annually?

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Question 982190: Find two numbers such that:
1. Their difference is 13 and their product is -40
2. Their sum is 2 and their difference is 128

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Question 982194: Question 1:
It takes 3 people and 4 hours to paint a room. How long will it take for 2 people to paint the same room?
Question 2:
Seven men can build a garage in 54 hours. How quickly can the same garage be built by nine men?
Question 3:
14.68% interest per annum on the home loan. How much is the interest for the home loan of $289, 675 at the end of the year?

Click here to see answer by josgarithmetic(39613) About Me 

Question 982297: Jason has $1200. If he spends $240 on clothing and $456 on traveling, what percentage does he spend on each?
Click here to see answer by solver91311(24713) About Me 

Question 982445: Hannah can paint a room in 9 hours. Destiny can paint the same room in 12 hours. How long does it take for both Hannah and Destiny to paint the room it they are working together.
Click here to see answer by stanbon(75887) About Me 
Question 982445: Hannah can paint a room in 9 hours. Destiny can paint the same room in 12 hours. How long does it take for both Hannah and Destiny to paint the room it they are working together.
Click here to see answer by josgarithmetic(39613) About Me 

Question 982470: Some students planned a trip. The breakfast budget was $360. Since four students did not join the cost per student went up by $1. Find the original number of students.
Click here to see answer by josgarithmetic(39613) About Me 
Question 982470: Some students planned a trip. The breakfast budget was $360. Since four students did not join the cost per student went up by $1. Find the original number of students.
Click here to see answer by solver91311(24713) About Me 

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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, 16561..16605, 16606..16650, 16651..16695, 16696..16740, 16741..16785, 16786..16830, 16831..16875, 16876..16920, 16921..16965, 16966..17010, 17011..17055, 17056..17100, 17101..17145, 17146..17190, 17191..17235, 17236..17280, 17281..17325, 17326..17370, 17371..17415, 17416..17460, 17461..17505, 17506..17550, 17551..17595, 17596..17640, 17641..17685, 17686..17730, 17731..17775, 17776..17820, 17821..17865, 17866..17910, 17911..17955, 17956..18000, 18001..18045, 18046..18090, 18091..18135, 18136..18180, 18181..18225, 18226..18270, 18271..18315, 18316..18360, 18361..18405, 18406..18450, 18451..18495, 18496..18540, 18541..18585, 18586..18630