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

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Question 1008669: $2000 is invested in certificates of deposit. Some of the $2000 is placed in a 4% simple interest certificate of deposit and the rest in a 5% simple interest certificate of deposit. If at the end of the year, $88 was the total of the interest earned, how much was invested in the 5% certificate?
Click here to see answer by fractalier(6550)

Question 1009308: $500 was deposited on January 1, 1980, in an account paying 12% compounded semi-annually. On January 1, 1983, $400 was deposited in another account paying 15 1/2% compounded annually. Find the time when two accounts will be equal value, if the exact method is used for fractions of an interest period.
Click here to see answer by stanbon(75887)

Question 1009196: You plan to work for 40 years and then retire using a 25-year annuity. You want to arrange a retirement income of $4700 per month. You have access to an account that pays an APR of 7.2% compounded monthly.
What size nest egg do you need to achieve the desired monthly yield? (Round your answer to the nearest cent.)
Click here to see answer by Theo(13342)

Question 1009357: Admissions prices at a high school football game were $6 for adults and $2 for children. The total value of tickets sold was $2528, and 545 tickets were sold. How many adult and how child tickets were sold?
Click here to see answer by stanbon(75887)

Question 1009418: Help with this word problem please?
This month, Kami sold 70 figurines in 2 sizes. The large figurines sold for $12 each, and the small figurines sold for $8 each. The amount of money he received from the sales of the large figurines was equal to the amount of money he received from the sales of the small figurines. How many large figurines did Kami sell this month?
Thank you.
Click here to see answer by macston(5194)

Question 1009370: Admissions prices at a high school football game were $6 for adults and $2 for children. The total value of the tickets sold was $2528, and 454 tickets were sold. How many adult and how many child tickets were sold?
Click here to see answer by fractalier(6550)

Question 1009547: Leaving 12-31-15, they have $200 of security deposit since 2008, what should I expect?
Click here to see answer by Alan3354(69443)

Question 1009566: I have a test tomorrow and I don't understand how I would solve the following word problem.....
"You spend one third of your money on lunch. Your friend then pays back a loan of $2.50. Later, you spend $4 on a movie ticket and $1.25 for a snack. You have $5.25 left. How much money did you have before lunch?"

Click here to see answer by stanbon(75887)

Question 1009565: An executive in an engineering firm earns a monthly salary plus a Christmas bonus of 7800 dollars. If she earns a total of 89900 dollars per year, what is her monthly salary in dollars?
Click here to see answer by macston(5194)

Question 1009050: To buy furniture for a new apartment,Darryl Nartin borrowed $5000 at 4.75% simple interest for months. How much interest will he pay?
Click here to see answer by fractalier(6550)

Question 1009804: Christa went shopping for back-to-school clothes. Before the tax was added on, her total was $176. If the sales tax is 6%, what was the total amount she paid?
Click here to see answer by josmiceli(19441)

Question 1009957: Ashley has $120,000 to invest and decides to put some in a CD that earns 5 % interest per year and the rest in a low-risk stock that earns 1 %. How much did she invest in each to earn $4,400 interest in the first year?

Click here to see answer by waseempalestine(4)

Question 1009996: Victoria invests $1500 in an account that earns 3% interest annually. her friend James invests $1200 in an account that earns 3% interest annually compounded continuously. how long will it take for their two accounts to become equal in value. will this likely occur during their lifetimes?
Click here to see answer by Theo(13342)

Question 1010105: What is the item cost per ingredient?
Given: 1/4L tomato sauce, the market price is P15.26/349ml

PS.thank u :)
Click here to see answer by Miniml1(17)

Question 1010132: a person invests $310 in an account that pays 8%. how do I find the balance after 10 years?

Click here to see answer by Theo(13342)

Question 1010026: Jill invested $2000, part at 12%/a and the remainder at 8%/a. At the end of one year the amount of interest from each investment were equal. How much was invested at each rate
Click here to see answer by Theo(13342)

Question 1009968: Please help me solve this equation: An investment of $50,000 was made by a business club. The investment was split into three parts and lasted for one year. The first part of the investment earned 8% interest, the second 6%, and the third 9%. Total Interest from the investments was $3960. The interest from the first investment was 2 times the interest from the second. Find the amounts of the three parts of the investment.
Click here to see answer by Theo(13342)

Question 1010189: Matt earned $2.85 per hour for 6 hours, he also earned tips of 15% on $275 of meals. What is his total pay
Click here to see answer by fractalier(6550)

Question 1010301: A baseball manager bought 4 bats and 9 balls for $33.75. On another day, he bought 3 bats and 1 dozen balls at the same prices and paid $34.50. How much did he pay for each bat and for each ball? answers
Click here to see answer by josmiceli(19441)

Question 1010376: Brianna is buying a new car cost him $16,500. She can put $3,000 down and pay $500 per month. Write an equation you could use to find how many months it will take Brianna to pay for the car?
Click here to see answer by addingup(3677)

Question 1010364: PC Solutions sells standard keyboards for $84 and extended keyboards for $105. Last week the store sold three times as many standard keyboards as extended. If total sales were $4998, how many of each type were sold?
Click here to see answer by Boreal(15235)

Question 1010354: A principal of
$4200
is invested at
8%
interest, compounded annually. How much will the investment be worth after
5
years?
Use the calculator provided and round your answer to the nearest dollar.
Click here to see answer by addingup(3677)

Question 1010492: You invested 9,000 and received yearly interest of 450.00. What is your interest rate on your investment
Click here to see answer by fractalier(6550)

Question 1010483: Evaluate the difference quotient for the function f(x). Begin with the formula for the difference quotient and simplify your answer completely. Show step by step work.

Thanks in advance!
Click here to see answer by rothauserc(4718)

Question 1009467: 9.Morgan�s Freight Delivery Service charges a trip fee, T, of $35 in addition to $6.50 for every carton delivered, c.(Assume all cartons are the same size.) (6 points)
a.Write the linear model T(c).
b.Interpret the slope in context of the problem.
c.What would be the charge to deliver 10 cartons?
Click here to see answer by fractalier(6550)

Question 1010620: brianna bought 96 CDs to sell at the concert. At the concert she sold 84 CDs. What portion of the CDs did she sell
Click here to see answer by ikleyn(52754)

Question 1010680: Bob needed $30 dollars from his account to go see his girlfriend's volleyball game. he withdrew seven times that amount at the ATM. how much did Bob withdrew

Click here to see answer by fractalier(6550)

Question 1010585: Two people owe money. One pays half of 9000.00 back and the other pays half of 11,000.00 back. Is that fair or does the person who owed the most come out ahead?
Click here to see answer by fractalier(6550)

Question 1010683: after adding up her debits and credits, betty thought she had exactly $0 In her account her bank said her balance was -$14 she realized she had not been recording her daily $2 debit charge for coffee. for how many days had Betty forgotten to record her coffee purchases?

Click here to see answer by fractalier(6550)

Question 1010739: One day 4 plumbers and 5 helpers earned $350. At the same rate of pay, another group of 5 plumbers and 6 helpers earned $430. How much does a plumber and how much does a helper earn each day? I can not understand these for the life of me.
Click here to see answer by josmiceli(19441)

Question 1010740: Alice invested some money at 16% simple interest. At the end of the year the total amount of her original principal and the interest was $9280. How much did she originally invest?
Click here to see answer by Theo(13342)

Question 1010774: Margaret invested $15,000 in a savings account and an IRA. The savings account yielded 3% while the IRA yielded 5%. If her total revenue was $550, how much did she invest in each?
Click here to see answer by addingup(3677)

Question 1010828: At the beginning of each year Bill Ross invest $1,400 semiannually at 8% for nine years. determine the cash value of this annuity do at the end of the ninth year ?
A. 37,339.68 B. 37,399.68 C. 37,939.86 D. 38,739.68
9*2=18
8% / 2= 4%
Factor = 12.4876
1400 * 12.4876= 17482.62
Which is not an option
Click here to see answer by Theo(13342)

Question 1010853: Hannah has $24.26. If she gets $10 more, she will have two dollars less than twice the amount Joey has.
If Joey has x dollars, which equation can be used to find x?
Click here to see answer by fractalier(6550)

Question 1010863: Harry potter spend 2/3 of his allowance at the movies night. his mom was to sweet and let him earn 12 additional dollars for washing the car on Saturday. if Harry potter ended the week with $19,
Click here to see answer by fractalier(6550)

Question 1010186: An amount of $100000 is invested in two types of shares. The first yields an interest of 9%/a and second 11%/a. If the total interest at the end of one year is 9.75% then the amount invested in each share was?
Click here to see answer by fractalier(6550)

Question 1010894: Jaimi went to have a manicure that cost $30. She wanted to tip the technician 20% and tax is 5.75%. How much did she spend total for the manicure?
Click here to see answer by fractalier(6550)

Question 1008676: 3. You are saving to buy a car, and you deposit $250 at the end of each month for two years at an APR of 2.4% compounded monthly. What is the future value for this savings arrangement? That is, how much money will you have for the purchase of the car after two years? (Round your answer to the nearest cent.)
Click here to see answer by Theo(13342)

Question 1010937: Find the discount rate. Regular price is $178, and is on sale for $103.24
Click here to see answer by farohw(175)

Question 1010935: mp3 price is $325 is on sale $201.50. What's the discount rate?
Click here to see answer by farohw(175)

Question 1010031: Devon takes out a loan of $1,500, at simple interest, for 56 months. What is the maturity value of the loan?
thank you
Click here to see answer by farohw(175)

Question 1010987: sean plans to invest $10,000 in a savings account that pays 1.5% compounded quarterly. His friend suggests that he invest in an account paying the same interest rate but that pays interest compounded monthly. How much more interest
Click here to see answer by addingup(3677)

Question 1010851: a man borrow a sum of money and agree to pay it of by paying rs 3150 at the end of first year and ra 4400 at the end of second year .if the rate of simple interest is 5% per annum find the sum?
Click here to see answer by addingup(3677)

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