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

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Question 1023405: Scott deposit $8000 in accounts that are in 6% simple interest how long will it be before the total amount is $10,000?
Click here to see answer by addingup(3677)

Question 1023438: Complete the following. Assume 360 days
Principal $750, Rate(nearest tenth percent) 12.2%, Time(nearest day)?, Simple interest $19.06
Click here to see answer by stanbon(75887)

Question 1023448: the total cost of a school camp for year 10 students was $29280. Each teacher paid $185 to attend and each student paid $165. There was 1 teacher for every 15 students. Find the total number of teachers and students who attended the camp.
Click here to see answer by josgarithmetic(39613)

Question 1023494: Two business partners, Ellen and Bob, invested money in their business at a a ratio of 8 to 9. Bob invested the greater amount. The total amount invested was $510. How much did each partner invest?
Click here to see answer by Theo(13342)

Question 1023482: A realtor is paid a base salary of $20,000 a year plus 10% commission on all property sales. What are the sales needed to ensure an annual income greater than $50,000?
Click here to see answer by Cromlix(4381)

Question 1023310: Complete the following. Assume 360 days
Principal $750, Rate(nearest tenth percent)12.2%, Time(nearest day)?, Simple interest $19.06
Click here to see answer by Theo(13342)

Question 1023490: A salesperson earns a base salary of $1,540 per month and a commission of 7.6% on the amount of sales. If the salesperson has a paycheck of $4,291.20 for one month, what was the amount of sales for the month? Please show work.
Click here to see answer by josgarithmetic(39613)

Question 1023790: Marvin sold his bike for $20 more than one-third of what he paid for it. He sold it for $70. How much did he pay for it?
Click here to see answer by Fombitz(32388)

Question 1023790: Marvin sold his bike for $20 more than one-third of what he paid for it. He sold it for $70. How much did he pay for it?
Click here to see answer by lwsshak3(11628)

Question 1023675: A money market fund advertises a simple interest rate of 13%. Find the total amount received on an investment of $6000 for 15 months.
Click here to see answer by Alan3354(69443)

Question 1023763: I have a safe and a bank. I have 5 times more in my safe than I have in the bank. I take $225 out my safe and put it in the bank and now I have 8 times more in the bank than I have in my safe. How much money did I initially have in the bank?
Click here to see answer by josmiceli(19441)

Question 1023849: Solve for future value or present value.
The owner of Waverly Sheet Metal Company plans to buy some new machinery in 6 years. He estimates that the machines he wishes to purchase will cost $39,700 at that time. What must he invest today at 8%, compounded semiannually, to have sufficient money to purchase the new machines?
Click here to see answer by robertb(5830)

Question 1023852: Solve for future value or present value.
The Downers Grove YMCA had a fund-raising campaign to build a swimming pool in 6 years.Members raised $825,000; the pool is estimated to cost $1,230,000. The money will be placed in Downers Grove Bank, which pays daily interest at 6%. Will the YMCA have enough money to pay for the pool in 6 years?
Click here to see answer by Theo(13342)

Question 1023778: If i receive $2200 in dividends and the interest rate is 3.5%, how many shares do I have?
Click here to see answer by Theo(13342)

Question 1023874: Mr. Wilson invested money in two accounts. His total investment was $20,000. If one account pays 7% in interest and the other pays 3% in interest, how much does he have in each account if he earned a total of $1,040 in interest in 1 year?

Click here to see answer by fractalier(6550)

Question 1023920: an airplane flew from chicago to sf in 3.75 hours. if the cities are 1,950 miles apart, what was the average speed of the plane
Click here to see answer by Alan3354(69443)

Question 1023947: The cost of five protractors is $5.95 at Store A. Estimate the cost of one protractor at Store B. Justify your answer.
Click here to see answer by fractalier(6550)

Question 1023950: If I hire 3 men to work construction at a cost of $35/hour, how many hours of work will get my total cost to $70,000?

Click here to see answer by stanbon(75887)

Question 1023963: Gilda Nardi deposits $5,325 in a bank that pays 12% interest compounded quarterly. Find the amount she will have at the end of 7 years.
Click here to see answer by stanbon(75887)

Question 1024118: Every week (w) Sandra will save $10. Which algebraic expression could Sandra use to calculate how much money she has saved after any number of weeks?
Click here to see answer by stanbon(75887)

Question 1024107: George saves N$ 2 500 the first month and every two month thereafter N$ 650 more.
(i) How much will he save in the 16th month?
(ii) How much will he have saved three years after the initial investment?
Click here to see answer by stanbon(75887)

Question 1024315: The following situation can be modeled by a linear function. Write an equation for the linear function and use it to answer the given question.
The price of a particular model car is $23,000 today and rises with time at a constant rate of $830 per year. How much will a new car cost in 3.4 years?
Click here to see answer by stanbon(75887)

Question 1024330: Ashley deposits $500 into an account that earns 2% interest compounded 3 times per year. How much money will Ashley have in her account after 4 years? Round to the nearest cent.
A. $600.12
B. $541.50
C. $458.50
D. $587.02
Click here to see answer by catieedoe(1)

Question 1024353: how much money should be invested now in an account earning 6% interest so that 20 years from now, the balance in the account will be 100,000 if the interest is (a) compounded annually (b) compounded continuously? round the nearest cent.
Click here to see answer by solver91311(24713)

Question 1024371: the amount of radioactive c^14 present in an object is given by Q(t)=Q0t^-0.000121t, where t is measured in years. (a) if 10 gram of C^14 are present at time t=0, how many grams will be present in the object 1000 years from now. round the answer to two decimal places.(b) what percentage of an initial amount of C^14 is left after 10,000 years? round the answer to the nearest percent? round the answer to the nearest hundreds of years.
Click here to see answer by josgarithmetic(39613)

Question 1024574: 1. Bob starts out with $30 and receives an extra $5 a week. How long will it take for him to earn $70? Show or explain how you found your answer.
Click here to see answer by fractalier(6550)

Question 1024836: Pete can mow 1/5 of a lawn in 15 minutes. How many hours will it take to mow 7 lawns

Click here to see answer by ikleyn(52748)

Question 1024886: The perimeter of a parallelogram is 50 inches. If the length of one side is 15 inches, what is the length of a side adjacent to it?
Click here to see answer by Timnewman(323)

Question 1025010: Given a 20% markup on cost and a dollar markup of $.50,
What was the cost?
Click here to see answer by josmiceli(19441)

Question 1025003: Assume markup based on cost.
Selling price, $600; markup % = 60
What was the actual cost?
Click here to see answer by Theo(13342)

Question 1025109: A loan is $30,000. You paid 7/25 of the loan. How much did you pay?
Click here to see answer by rfer(16322)

Question 1025226: Verna invested part of a $10,000 inheritance in stocks paying 6.5% simple interest annually. She invested the rest in bonds paying 4.25% simple interest annually. If Verona will receive 582.50 in interest after one year, how much did she invest in stocks? How muqch did she invest in bonds?
I don't know how to find equation. Please help! Thanks!
Click here to see answer by stanbon(75887)

Question 1025293: A workerearns $2000 and spends 80percent of his income which amount of his income will he be able to save?
Click here to see answer by Cromlix(4381)

Question 1025326: an opened a savings account and deposited $1,000.00. The account earns 1% interest, compounded continuously. If he wants to use the money to buy a new bicycle in 1 year, how much will he be able to spend on the bike?
Use the formula A=Pert, where A is the balance (final amount), P is the principal (starting amount), e is the base of natural logarithms (≈2.71828), r is the interest rate expressed as a decimal, and t is the time in years.

Click here to see answer by fractalier(6550)

Question 1025387: Michael bought 2 notebooks and 1 pen for 7$. Rick bought 1 notebook and 5 pens for 8$. How much does the notebook cost ?
Click here to see answer by Cromlix(4381)

Question 1025378: the cost of a computer including 15% vat is $5675. the vat is calculated after a discount of $500. what is the initial cost of the computer before VAT and discount?
Click here to see answer by Cromlix(4381)

Question 1025239: A woman made $20,000 during the first year of her new job at city hall. Each year she received a 10% raise. Find her total earnings during the first seven years on the job.
Click here to see answer by Fombitz(32388)

Question 1025569: Please help, couldn't solve it.
Syarikat Maju Jaya produces calculator. They have fixed monthly expenses of
RM1,800 and also have variable expenses of RM 13 for each calculator that they produce. Syarikat Maju Jaya sells each calculator for RM20. If q represents the quantity of product sold, determine:
a) Revenue function
b) Cost function
c) Profit function
d) Quantity to be sold to obtain break even-point
Click here to see answer by macston(5194)

Question 1025567: As a salesperson, you are paid $92 per week plus $4 per sale. This week you want your pay to be at least $200. Write an inequality for the number of sales you need to make, and describe the solutions.
Click here to see answer by josmiceli(19441)

Question 1025394: Julian earns $13.50 per hour. His company deducts 23% of his pay each week for taxes. Julian uses the expression 0.77 (13.50h) to compute his earning after taxes for the hour h he works. What will be his earning after taxes, if he works 40 hours?
Click here to see answer by KMST(5328)

Question 1025600: 1)Sara has $3000 to invest for 2 years.
She invests the money in a bank which pays simple interest at the rate of 7.5 % per year.
Calculate how much interest she will have at the end of the 2 years.
please explain your answers!!
Click here to see answer by stanbon(75887)

Question 1025618: Rohan deposit 25000 into account. He deposited some amount in saving account at simple interest 6% p.a. remaining amount in fixed deposit @12% p.a. if he gets 5700 at total interest after two years then the amount he deposit in fixed deposit is?
Click here to see answer by mananth(16946)

Question 1025661: A vehicle purchased for $6,400 decreases in value at a rate of 9.3% per year. After how many years will the vehicle be worth $3,800? Round your answers to the nearest tenth of a year.

Click here to see answer by Cromlix(4381)

Question 1025717: Juanita Finn deposits $42,000 into Valley Bank that pays interest of 8%, compounded quarterly. At the end of five years, how much will Juanita have in her account?
Click here to see answer by Cromlix(4381)

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