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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 1027269: Perform the indicated operations and simplify.
Let A = , B = , and C = . Find AB + BC.

Click here to see answer by Fombitz(32388)

Question 1026788: How much is in your account after investing $400 at 1.8% interest for 2 years calculated with simple interest?
Click here to see answer by fractalier(6550)

Question 1025927: Boris borrowed

$
8000
at a rate of

18
%
, compounded semiannually. Assuming he makes no payments, how much will he owe after

5
years
Click here to see answer by fractalier(6550)

Question 1027767: The Rock Club planned a climbing expedition. The total cost was $4400, which was to be divided equally among the members going. Prior to the trip, 2 members decided not to go. If the cost per person increased by $110, how many people went on the expedition?
Click here to see answer by solver91311(24713)

Question 1027689: Explain the role of capital investment analyses for a high technology steel company
Click here to see answer by ikleyn(52754)

Question 1028266: Angela paid $3240 for her car.this price included a tax of 8%. what is the price of the car before
Click here to see answer by fractalier(6550)

Question 1028347: You have a restaurant bill of $46.32. If you are taxed 7 1/2 %and decide to tip your server 20%, how much is your total?
Click here to see answer by rfer(16322)

Question 1028362: Jeff won $5,000 in a contest. He invested part of the money at 10% per year and the remainder at 6% per year. If Jeff�s income from the two investments was $420 in one year, how much did he invest at each rate?

Click here to see answer by solver91311(24713)

Question 1028284: Bob invested 10000, split into two accounts. The savings account paid 4% annually and the checking account paid 1% annually, and Bob received a total of 358. in interest from the two accounts. How much did Bob put into each account?
Click here to see answer by mananth(16946)

Question 1028334: Don invests $1,300 at a bank that offers a 7% annual interest rate compounded monthly. If t represents time in years, which expression represents the approximate amount of money in the account?
Click here to see answer by Theo(13342)

Question 1028408: Joe invests �5000 in a savings account at an annual rate of:
3.5% for the first year
2% for the remaining years
Work out the total amount of money in joes account at the end of the 3 years
Click here to see answer by addingup(3677)

Question 1028453: Suppose that the quantity supplied S and the quantity demanded D of baseball caps at a major league game are given by the function S(p) = 3400-90p and D(p)=110p, where p is the price. a) Find the equilibrium price for the caps at the game. B) Find the equilibrium quantity. I have no clue where to even start with this question.
Click here to see answer by josmiceli(19441)

Question 1028497: A women has $34000 to invest. She invests some at 17% and the balance at 20%. Her total annual interest income is $6425. Fine the amount invested at each rate.

Click here to see answer by mananth(16946)

Question 1028755: A parking meter contains nickels and dimes worth $2.00 There are 25 coins in all. Find how many of each there are.
How many nickels are there?
Click here to see answer by Alan3354(69443)

Question 1028766: A company has determined that its weekly profit is a function of the number of items that it sells. Which equation could represent the weekly profit in thousands of dollars, y, when the company sells x items?
Click here to see answer by Timnewman(323)

Question 1028872: Calculate the time it would take for an investment of $1750 to double in size at an interest rate of 4.8%, compounded annually. Round your answer to one decimal place.
Click here to see answer by solver91311(24713)

Question 1028742: Mr. Cantoni invested 50,000.00. A part of it is invested in a bank at 2% yearly interest and another part of it in a mutual fund at a 5% yearly interest. How much investment was made in the mutual fund if his yearly income from the two is 2,800.00?
Click here to see answer by mananth(16946)

Question 1028651: If $95 is put in an account that gets 6% and I add $18 per year, how much will I have at the end of 11 years?
Click here to see answer by Theo(13342)

Question 1028928: The discounted price on a pair of shoes is 75% off the original price. This is a savings of $10. A sales tax of 7% will be added to the discounted price. How much sales tax will be added?
Click here to see answer by LinnW(1048)

Question 1028810: The invoice totals $500 but is late. There is a $75 late fee per month and a 1.5% Interest fee per month and it is 9 months late. What is the total?
Click here to see answer by lp2004(2)

Question 1028993: jenny has twice as much as money as kristy. If I give kristy $250, she will have 3x as much as Jenny. How much did each of them have originally?
Click here to see answer by josmiceli(19441)

Question 1029053: Find the monthly payment that will yield the future value of $260,000 using an ordinary annuity at 10.5% interest for 42 years. (Round the answer to the nearest cent.)
I'm having a hard time with problems like this. The answer I keep coming up with is $49.86. I'm looking for a good explanation of how to work this out. Thanks in advance!!
Click here to see answer by robertb(5830)

Question 1029070: Three people buy shares in a company. Paul invests �12000, Isabella invests �15000 and Jessie invests �21000
(I) write the ratio of their investments in its simplistic firm.
Click here to see answer by Fombitz(32388)

Question 1028198: The relationship between the number of units sold of a certain product, x, and the price
obtained, p, is:
x = 100-2p
a) Find an expression for the total revenue for selling x units of the product.
b) How many units must be sold for the marginal revenue to be 25?
The total cost of producing x units of the product is:
TC (x)=0.5x^2+10x+100
c) Find an expression for the profit when producing and selling x units of the product.
d) How many units must be produced and sold to obtain maximum profit?
e) What is the maximum profit?

Click here to see answer by robertb(5830)

Question 1029421: Nancy has eleven credit cards. She pays an annual fee of $45 each for the use of two of the cards, a $35 annual fee for use of three of the cards, and a $30 annual fee for the use of four of the cards. The remaining two cards do not have an annual fee. How much should she budget each month to pay her annual fees on the eleven credit cards?
Click here to see answer by josmiceli(19441)

Question 1028614: Shawna opens a bank account with $400. The account accrues 8% interest compounded annually.
How much money, to the nearest cent, will she have in her account at the end of 4 years? (Use the formula A=P(1+rn)nt, where P= initial amount of money, r = interest rate, t = the number of years, and n = number of times the interest is compounded per year.) Round your answer to the nearest cent.
Shawna wants to calculate the amount she will earn between year 4 and year 8.
How much interest will Shawna earn during this time?

Click here to see answer by LinnW(1048)

Question 1029745: You have just been paid $25 for mowing your neighbor�s lawn. You want to buy a book that costs $24. Once you factor in the state sales tax of 4%, how much money will you be left with after the purchase? how do i solve this?
Click here to see answer by josmiceli(19441)

Question 1029774: How many years will it take $1000 invested at 7% interest to ear $280
Click here to see answer by addingup(3677)

Question 1030065: Kira invested her savings in two investment funds. The amount she invested in Fund A was twice as much as the amount she invested in Fund B. Fund A returned a 8% profit and Fund B returned a 5% profit. How much did she invest in Fund B, if the total profit from the two funds together was $2520?
Click here to see answer by josmiceli(19441)

Question 1030200: At the movie theatre, child admission is $5.10 and adult admission is $9.20. On Sunday, 174 tickets were sold for a total sales of $1264.60. How many child tickets were sold that day?
Click here to see answer by josgarithmetic(39613)

Question 1030223: Valerie invests $100,000 in a CD earning 1.5% annual interest. If the CD matures in 5 years what will be its value if interest is compounded continously
Click here to see answer by addingup(3677)

Question 1030172: how much must you deposit in an account that pays 6.25% interest, compounded annually, to have a balance of 700 after two years answer?
Click here to see answer by Cromlix(4381)

Question 1030297: a business finds that it has to increase its staff by 5% each year due to growth. after how many years would the size of their staff double? round to the nearest cent
Click here to see answer by Cromlix(4381)

Question 1030390: When hired at a new job selling jewelry, you are given two pay options:
Option A: Base salary of $16,000 a year, with a commission of 10% of your sales
Option B: Base salary of $20,000 a year, with a commission of 3% of your sales
In order for option A to produce a larger income, you would need sell at least $_____ of jewelry?
Click here to see answer by addingup(3677)

Question 1030410: Can any of u help me to solve this problem
I borrowed $1000 from a frend, but I lost it the next min. So I borrowed $500 frm another frend. From tht $500, I bought $300 sweets. With the balance $200 I paid back each $100 to the frends I borrowed frm. So I owe $900 +$400 = $1300. Well with $1300 add the sweet amt of $300 will be $1600. I only borrowed $1500 frm my both frends. Then where did the $100 came frm.
Click here to see answer by Edwin McCravy(20054)

Question 1030395: Kirk purchased 341 stocks at $5.96 per share. His online stockbroker charged him a commission of $17.50. To the nearest cent, what is the total amount that he paid for the stock?
Click here to see answer by Theo(13342)

Question 1030446: Monica is trying to lower her credit card debt and has been tracking her expenses for the past month. She identified her variable expenses in relation to her fixed expenses. Without altering her variable expenses, how much extra could she possibly put towards her credit cards?

Click here to see answer by fractalier(6550)

Question 1030393: Brianna bought 1,800 shares of stock for $195,552. She sold the stock for $110 per share and paid a sales commission of $42. What is the profit or loss from the sale?
Click here to see answer by fractalier(6550)

Question 1030549: Help me solve this quention :
How to find amount of money Many and Tim need to set aside today to ensure that $16000 will be available to use for home renovation in one year if the annual interest rate is 2.4% compounded annually
Click here to see answer by stanbon(75887)

Question 1030447: Seems the interest, and money story problems give me the hardest time..
Mitch is tired of renting and decides that within the next 5 years he must save $25,000.00 for the down payment on a home. He finds an investment company that offers 8% interest compounded monthly and begins depositing $275 each month in the account.
A.) Is this monthly amount sufficient to help him meet his 5-year goal?
B.) If not, find the minimum amount he needs to deposit each month that will enable him to meet his goal in 5 years?
Please show all work, in hopes that I can understand afterwards.
Click here to see answer by Theo(13342)

Question 1030624: If Angela has $500 to invest at %2.5 per annum compounded quarterly, how long will it be before she has $750?
Click here to see answer by Boreal(15235)

Question 1030638: Mitch is tired of renting and decides that within the next 5 years he must save $25,000.00 for the down payment on a home. He finds an investment company that offers 8% interest compounded monthly and begins depositing $275 each month in the account.
A.) Is this monthly amount sufficient to help him meet his 5-year goal?
B.) If not, find the minimum amount he needs to deposit each month that will enable him to meet his goal in 5 years?
Please show all work, in hopes that I can understand afterwards.
I can't use a finance calculator, as that would not help me understand the material.
Click here to see answer by Boreal(15235)

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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, 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