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

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Question 1014824: suppose your friend's parents invest $25,000 in an account paying 4% compounded annually. whta will the balance be after 6 years?
Click here to see answer by Bb(20)

Question 1014824: suppose your friend's parents invest $25,000 in an account paying 4% compounded annually. whta will the balance be after 6 years?
Click here to see answer by MathTherapy(10549)

Question 1014910: A rural population is falling at a rate of 0.25% per year. If you wish to calculate its exact half-life, you should set the fractional growth rate per year to what?
Click here to see answer by robertb(5830)

Question 1014965: If Carlene has $300 and every step she takes she loses $5 , how many steps will she takes before she only has $150 left

Click here to see answer by Fombitz(32388)

Question 1015027: Thrift rents a compact car for $34 per day, and General rents a similar car for $20 per day plus an initial fee of $84. For how many days d would it be cheaper to rent from General?
Click here to see answer by ikleyn(52747)

Question 1015069: You decide to invest $100,000 in a program that is guaranteed to grow by2.5% for each of the next 5 years. At the end of the 5 years, how much is your investment worth?

Click here to see answer by Boreal(15235)

Question 1015059: you invested 20,000 in two accounts paying 3% and 4% annual interest. if the total interest earned for the year was 610, how much was invested at each rate
Click here to see answer by Boreal(15235)

Question 1015037: You start the day with a $100 in your drawer. Throughout the day, numerous transactions take place. You payout the following cash back amounts: $10, $10, $20, $15, $20. You are paid the following amounts: $155, $205, $65, $306, $55, $105. At the end of the day, how much money is in your drawer?
Click here to see answer by solver91311(24713)

Question 1015040: in the state of Connecticut there is a state sales tax of 6.35% on all goods purchased. If Jan buys a television for $599, what will be the final bill, including state sales tax?
Click here to see answer by Alan3354(69443)

Question 1015151: Alejandro has determined he needs to have $500,000 for retirement in 35 years. His account earns 6% interest.How much does Alejandro need to deposit in the account each month? How much total money will Alejandro put into the account?
I figured out the answer to the first question. The answer is $350.94 for what he needs to deposit in the account each month. I'm just having trouble answering the second question. Thank you so much!
Click here to see answer by Theo(13342)

Question 1015187: The annual interest on an $18,000 investment exceeds the interest earned on an
$8000 investment by $290.
The $18,000 is invested at a 0.5% higher rate of interest than the $8000.
What is the interest rate of each investment?
Click here to see answer by stanbon(75887)

Question 1015222: plz solve this
Morgan loaned $3200 to Rolf at a simple interest rate of 0.65% per month. What was the term of the loan if the total interest came to $228.80?
Click here to see answer by FrankM(1040)

Question 1015223: PLZ SOLVE THIS
Raimo borrowed $860 from Chris on October 18 and agreed to repay the debt with simple interest at the rate of 5.4% on May 21.How much interest was owed on May 21? Assume that February has 28 days. (Round your answer to the nearest cent.)
Click here to see answer by FrankM(1040)

Question 1015224: PLZ SOLVE THIS
$8829.60 was the amount required to pay off a loan after 18 months.If the loan was at 8.80% per annum simple interest, how much of the total was interest? (Do not round your intermediate calculations and round the final answer to the nearest cent.)

Click here to see answer by FrankM(1040)

Question 1015323: Ashley has $ 120,000 to invest and decides to put some in a CD that earns 2 % interest per year and the rest in a low-risk stock that earns 1 %. How much did she invest in each to earn $1800 interest in the first year?
Click here to see answer by FrankM(1040)

Question 1015329: plz solve this
Marliss made a $781.93 purchase on her Visa card. Including 48 days� interest, the amount billed on her credit card was $799.96. What annual interest rate does her card charge? (Round your answer to 2 decimal places.)

Click here to see answer by FrankM(1040)

Question 1015417: Solve the unknown from the following equations:
7B + 5 = 26
Click here to see answer by josgarithmetic(39613)

Question 1015420: Solve the unknown from the following equations:
5Y + 15(Y+1)= 35
Click here to see answer by josgarithmetic(39613)

Question 1015422: At General Electric, shift 1 produced 4 times as much as shift 2. General Electric's total production for July was 5,500 jet engines. What was the output for each shift?
Click here to see answer by ikleyn(52747)

Question 1015424: The Susan Hansen Group in St. George, Utah, sells $16,000,000 of single-family homes and town homes a year. If single-family homes, with an average selling price of $250,000, sell 3.5 times more often than town homes, with an average selling price of $190,000, how many of each are sold? (Round to nearest whole.)
Click here to see answer by Theo(13342)

Question 1015474: A friend lends you $230, which you agree to repay with 5% interest. How much will you have to repay?
Click here to see answer by Alan3354(69443)

Question 1015475: I deposit 10.5 cents every month in the bank for 40 years, and the bank gives me 3% interest every month on the total amount I have in the bank account. How much money will I have after 40 years?
So, after the first month I have 10.815 cents, then after two months I have 21.95445 cents, and so on.
I believe the answer is 523326622.2 cents, but I could be wrong. I don't know how to formulate it using the interest formulas. I could formulate it in excel, but that would be impossible to put on paper.
Click here to see answer by Alan3354(69443)

Question 1015554: A total of $22,000 is to be divided between Melanie and Cameron. Melanie will receive $5,000 less then twice cameron's amount. How much will each person receive?
Click here to see answer by stanbon(75887)

Question 1015546: Javier invests money in two simple interest accounts. He invests four times as much in an account paying 10% as he does in an account paying 5%. If he earns $191.25 in interest in one year from both accounts combined, how much did he invest altogether?
Total Principal in Both Accounts = $
Click here to see answer by stanbon(75887)

Question 1015581: larry Mitchel invested $22,000 advance at 6% annual simple interest and the rest at 2% annual simple interest. if his total yearly interest from both accounts was $1,120 finds the amount invested at each rate
Click here to see answer by josmiceli(19441)

Question 1015585: The count of discouraged unemployed workers rose to 503,000, 2 1/2 times as many as in the previous year. How many discouraged unemployed workers were there in the previous year?
Click here to see answer by FrankM(1040)

Question 1015629: How much must be placed in a five-month term deposit earning 4.4% simple interest in order to earn $500 interest? (Round your answer to the nearest cent.)
please solve this..
Click here to see answer by fractalier(6550)

Question 1015721: Larry Mitchell invested part of his $21,000 advance at 8% annual simple interest and the rest at 7% annual simple interest. If his total yearly interest from both accounts was $1,580, find the amount invested at each rate.
Click here to see answer by addingup(3677)

Question 1015787: if the total amount of money you had to invest was $5000 and you deposit x amount in one investment how can you represent the remaining amount in dollars?
Click here to see answer by stanbon(75887)

Question 1015785: an investigator invested a total of $1200 in two mutual funds. One fund earned a 6% profit while the other earned a 4% profit if the investors total profit was $54 how much was invested in each mutual fund.
Click here to see answer by stanbon(75887)

Question 1015897: Martha can rake the leaves in her yard in 5 hours. Her brother can do the job in 3 hours. How long will it take them to do the job working together? answer in fraction an hr

Click here to see answer by Boreal(15235)

Question 1015895: An experienced accountant can prepare a tax return in 11 hours. A novice accountant can do the job in 17 hours. How long will it take them to do the job working together? answer in fraction an hr

Click here to see answer by Boreal(15235)

Question 1015891: An executive invests $23,000, some at 6% and some at 4% annual interest. If he receives an annual return of $1300, how much is invested at each rate?
at 6% interest $
at 4% interest $

Click here to see answer by macston(5194)

Question 1016055: Taxes on a house assessed at $64,000 are $1500 a year. If the assessment is raised to $85,000 and the tax rate did not change, how much would the taxes be?
Click here to see answer by FrankM(1040)

Question 1015945: A bookcase with three shelves is to be built by a woodworking student. If the height of the bookcase is to be 2 feet longer than the length of a shelf and the total amount of to be used is 32 feet, find the dimensions of the bookcase.
I have tried using 32=4L+2h+2
Click here to see answer by macston(5194)

Question 1016109: please help me solve this : Moira inherited $15,000 and invested part of it in a money market account, part in municipal bonds and part in a mutual fund. After a year, she received a total of $730 simple interest from the 3 investments. The money market account paid 4% annually, the bonds paid 5% annually, and the mutual fund paid 6% annually. There was $2000 more invested in the mutual fund than in bonds. find the amount that Moira invested in each.
Click here to see answer by FrankM(1040)

Question 1016015: After a discount of $259.25, a distributor paid $896.75 to purchase an item from a manufacturer. What rate of discount was applied to the purchase? (Round your answer to 1 decimal place.)
Click here to see answer by fractalier(6550)

Question 1015960: I have $125000 that makes 2 1/2 % interest. I want to draw $600 a month out of it. How long will the money last?
Click here to see answer by fractalier(6550)

Question 1014168: Lee and Fred are elementary school teachers. Fred works for a charter school in Pacific Palisades, California, where class size reduction is a goal for 2013. Lee works for a noncharter school where funds do not allow for class size reduction policies. Lee�s fifth-grade class has 1.4 times as many students as Fred�s. If there are a total of 60 students, how many students does Fred�s class have? How many students does Lee�s class have?

Click here to see answer by bmetcalfe(1)

Question 1016199: cindy has 17 bills in her wallet. some are $10 bills and some are $20 bills. the total value of the bills are $230. how many $10 bills and how many $20 bills does she have?
Click here to see answer by ikleyn(52747)

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