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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 1032553: I have 500 dollars n I owe 75% of it to rent how much do I owe

Click here to see answer by ikleyn(52784)

Question 1032537: Lucy bought a motorcycle for eight thousand dollars. The
motorcycle decreases in value every year by five percent.
How much should Lucy's brother pay for the motorcycle if he
buys it from her in five years?

Click here to see answer by fractalier(6550)

Question 1032549: Sara wants to buy a house and needs $35,560 for a down payment. She currently has $28,000 in a savings account that earns 9% simple interest. How long must Sara keep the money in the savings account in order to have enough for the down payment on the house?
Click here to see answer by Boreal(15235)

Question 1032548: A couple invests $2,000 in a CD that earns 2.25% compounded quarterly. How much will they have in 3 years?
Click here to see answer by Edwin McCravy(20056)

Question 1032548: A couple invests $2,000 in a CD that earns 2.25% compounded quarterly. How much will they have in 3 years?
Click here to see answer by Boreal(15235)

Question 1032586: Sandy is tracking the performance of one of Atlantic Cycles' savings accounts. $10,000 was deposited into this account which earns 2.25% interest compounded continuously. How many years will it take until the account balance doubles if no withdrawals or additional deposits are made?

I set up problem as: $20,000= $10,000*2.718281828459(.0225x). I got 32 years as answer but this was wrong. Please help. Thank you.
Click here to see answer by LinnW(1048)

Question 1032783: Sean's bank charges him $9.75 per month for the first 10 transactions and $1.35 for each additional transaction. Calculate Sean's fee if he made the following number of transactions: a) 9 b) 21
Click here to see answer by stanbon(75887)

Question 1032839: Susan bought a coat that sold 150 dollars. She had a coupon for a 10% discount. How much money did she save with the discount
Click here to see answer by jorel555(1290)

Question 1032692: Timmy has three times as much money invested at 5% bonds as he has in stocks paying 7%. If his annual income from the stocks and bonds is $158.40, how much has he invested in bonds?
Click here to see answer by jorel555(1290)

Question 1032856: Timmy has three times as much money invested at 5% bonds as he has in stocks paying 7%. If his annual income from the stocks and bonds is $158.40, how much has he invested in bonds?
Click here to see answer by mananth(16946)

Question 1033000: a repair company's charge for repairing a certain type of copy machine fits the model y=47.38 + 0.617x where y is the number of dollars charged and x is the number of minutes the repair person the job. How many minutes would it take for the cost of repair to reach $60
Click here to see answer by Cromlix(4381)

Question 1032998: You want to have $25,000 college fund in 5 years. How much will you have to deposit now in an account with an interest rate of 3.3% and annual compounding?
Click here to see answer by Cromlix(4381)

Question 1033005: A manufacturer has total revenue given by the function R=130x and has total cost given by c=293,000/20x where x is the number of united produced and sold.
round to the nearest whole unit.
Click here to see answer by stanbon(75887)

Question 1033101: Please help me solve
Joshua had a $150 more than Jason and $70 less than George the three boys had a total of $790
How much did George have?
Click here to see answer by ikleyn(52784)

Question 1033134: A certain product has supply and demand functions given by p=7q+21 and p=329-4q, respectively, where p is the pice in dollars and q is the quantity supplied or demanded at price p. What price give market equilibrium?
Click here to see answer by Boreal(15235)

Question 1033135: Use the present value formula to determine the amount to be invested now or the present value when needed. the desired accumulated amount is $3500 after 10 yearsinvested in an account with 4% interest compounded quarterly.
Click here to see answer by Boreal(15235)

Question 1033126: If you deposit $1800 in an account paying 2.3% interest for "t" years, what is the equation for the amount of money at time "t"? When will the account have $2500?
Click here to see answer by fractalier(6550)

Question 1033217: Stephanie has just been given a new job in the sales department of Kissimmee Electric Authority. she has two salary options. She can either receive a fixed salary of $500 per week or a salary of $200 per week plus a 5% Commission of her weekly sales. which solution set among the options below represent the dollar amount of Sales that she must generate each week in order for the option with the commission to be a better choice
A.{s|s > $300.00}

B.{s|s > $700.00}
C.{s|s > $3,000.00}
D.{s|s > $6,000.00}

Could anyone please explain the answer to me? And Explain how you got the answer?

Click here to see answer by jorel555(1290)

Question 1033259: Patty and Cyndi are starting a business tutoring students in math. They rent an office for $400 per month and charge $40 per hour per student. If they have 15 students each for one hour per week, how much profit do they make together in a month?
Click here to see answer by 30095289(2)

Question 1033234: An executive in an engineering firm earns a monthly salary plus a Christmas bonus of 6600 dollars. If she earned a total of 90300 dollars per year, what is her monthly salary in dollars.
Click here to see answer by Theo(13342)

Question 1033122: Suppose you deposit $275 in an account paying 4% annual interest, compounded continuously. Approximately how many years will it take for you to have $394 in your account?
Click here to see answer by Theo(13342)

Question 1033292: Using the present value formula to determine the amount to be invested now, or the present value when needed. The desired accumulated amount is $4200. after 9 years invested in an account with 4% interest compounded quarterly.
Click here to see answer by Theo(13342)

Question 1033295: A $9000 deposit in an account with an APR of 6.1% compounded continuously for 5 years.
Click here to see answer by stanbon(75887)

Question 1033294: Assume you have a balance of $3200 that you want to pay off. The cred card APR is 21% and you want to pay it off the balance in 2 years.
Click here to see answer by stanbon(75887)

Question 1033136: Use the present value formula to determine the amount to be invested now or the present value when needed. the desired accumulated amount is $4200 after 9 years invested in an account with 4% interest compounded annually.
Click here to see answer by LinnW(1048)

Question 1033340: a piece of machinery valued at 250 000 depreciate at an average rate of 10% yearly what will the value of the piece of machinery be after 7 years
Click here to see answer by josmiceli(19441)

Question 1033422: A jet ski has an initial value of $9800. The jet ski depreciates by 12% per year after it is purchased new. Write an equation to represent the value of the jet ski, V, after T years.
Click here to see answer by jorel555(1290)

Question 1033003: You want to have a $60,000 college fund in 12 years. How much will you have to deposit now in an account with an interest rate of 5% and quarterly compounding?
Click here to see answer by addingup(3677)

Question 1033462: tuition of $1790 due in 8 months,what amount should be deposited today at 7.98% to have enough to pay total tuition
Click here to see answer by josmiceli(19441)

Question 1033558: In a month Andrew spends twice as much on rent as he does on food for his family.Last month, he spent $1650 on rent and food. How much did he spend on rent
Click here to see answer by stanbon(75887)

Question 1033549: You want to have a 70,000 college fund in 16years how much would I have invested at 5%?
Click here to see answer by stanbon(75887)

Question 1033603: If you can get a rate of 2.3% on a savings account at a Bank, how long will it take to double your money if you deposit $2,000 to start?
Click here to see answer by Alan3354(69443)

Question 1033631: Nico is saving money for his college education. He invests some money at 6%, and $1300 less than that amount at 5%. The investments produced a total of $144 interest in 1 yr. How much did he invest at each rate?
Click here to see answer by addingup(3677)

Question 1033637: How many gallons of 40% antifreeze should be mixed with 10 gallons of67% antifreeze mixture?
Click here to see answer by addingup(3677)

Question 1033637: How many gallons of 40% antifreeze should be mixed with 10 gallons of67% antifreeze mixture?
Click here to see answer by fractalier(6550)

Question 1033600: The price of home is $250,000, 15% downpayment, 2 points at time of closing, 20 year fixed, and rate is 6.5, what is?
Required down payment?
Amount of the mortgage?
Monthly payment?
Total interest paid over 20 years?
Click here to see answer by addingup(3677)

Question 1033630: if you buy something for $1200 and sell it for $2900 making a profit of $300. How much did you actually pay for it?
Click here to see answer by Alan3354(69443)

Question 1033630: if you buy something for $1200 and sell it for $2900 making a profit of $300. How much did you actually pay for it?
Click here to see answer by fractalier(6550)

Question 1032663: Allen wants to buy a car that costs 17500. He already has 11,000. If he invests this at a simple interest rate of 2.3% how long will he need to invest until he has enough for the car?
Need asap!
Click here to see answer by fractalier(6550)

Question 1032763: For membership to a certain labor union, it costs $150 to join and $28 per month of membership. You want to become part of the labor union and you still need to join. Write an algebraic expression to determine the amount in dollars for m months.

Click here to see answer by fractalier(6550)

Question 1032562: george set up a trust fund for their children part of its earning 7% simple interest per year while the rest of his earning 4% simple interest per year . he placed $4000.00 in the trust fund . in one year the trust fund has earned $220.00 how much did they invest at each interest rate ?
Click here to see answer by jorel555(1290)

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