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

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Question 1031591: Martin has $200 in his savings account.He wants to save more money. He is looking at two investment plans. Underplan A, he will increase his accountbalance by $40 a year. Under plan B, hewill increase his account balance by 15%each year. How much more will he save with Plan B after 10 years?
Click here to see answer by jorel555(1290)

Question 1033835: A library to cost $113 million By 2006, library officials estimate the cost would be $36 million over budget. By what percent did the actual cost exceed the initial estimate.
Click here to see answer by josmiceli(19441)

Question 1033857: "Seven apples and one orange cost ninety eight cents. Two apples and three oranges cost sixty six cents. Find the cost if one Apple and one orange" please help with this, I'm lost!
Click here to see answer by fractalier(6550)

Question 1033886: if 2500 is invested at an interest rate of 6.5% compounded monthly how long will it take for the investment to reach 7500
Click here to see answer by stanbon(75887)

Question 1033917: jameson opened a new savings account with $1500. the balance of the account for the first three months is given in the table below. write a rule to represent the balance of her account, then estimate the balance of the account in 2 years
Click here to see answer by macston(5194)

Question 1033915: Katy invests a total of 18000 in two accounts paying 2% and 13% anual interest. how much was invested in each account if after one year the total interest was 690.00.
Click here to see answer by macston(5194)

Question 1034040: larry mitchel invested part of his 29,000 advance at 7% annual simple interest and the rest at %4 if his yearly interest from both is $1610 find the amount invested at each
Click here to see answer by fractalier(6550)

Question 1034031: Jana invests �300 at a simple interest rate at 4.5% per year.at the end of each year jane gives the interst to a charit.
work out the least number of years it will take for the total amount given to th charity to be greater than �50.
Click here to see answer by fractalier(6550)

Question 1034068: Samuel works at a furniture store. before his raise, he received a weekly base salary of $350 last month he got 4% raise. Samuel also earns a commission of 12% on his total sales each week what is Samuel's new weekly base salary after his raise
Click here to see answer by macston(5194)

Question 1034085: If I have 1200 dollars and my friend have 40 per cent more how much money does my friend have
Click here to see answer by addingup(3677)

Question 1034088: A savings account is set up so that the simple interest earned on the investment is moved into a separate checking account at the end of each year. If investment of $4000 accumulate $680 of interest in the checking account after two years, does annual simple interest rate on the savings account ?
Click here to see answer by stanbon(75887)

Question 1034117: If I want to invest 10,000 dollars, how long will it take to double my investment at an annual interest rate of 10 percent, compounded continuously?
Click here to see answer by robertb(5830)

Question 1034320: larry mitchell invested part of his $34,000 advance at 5% annual simple interest and the rest at 7% annual simple interest. the yearly total from both was $2,300. Find the amount at each rate.
Click here to see answer by fractalier(6550)

Question 1033800: Ralph works part-time and has a yearly income of $5600, including a salary of $3750, and tips of $1850. What percent of his income was from his salary? What percent of his income was from his tips?

Click here to see answer by jorel555(1290)

Question 1034626: Tom sold a watch to Harry with a profit of 20% and Harry sold to Peter with a profit of 30%. If Peter paid $780, how much did Tom pay for the watch?
Click here to see answer by Cromlix(4381)

Question 1034689: David invested $220 in a savings account that offers a 3% return on the investment. The value of David's investment will be at least $400 after a period of years.
Hint: Use the formula A = P(1 + r)t, where A is the amount after t years, P is the amount invested, r is the rate of interest, and t is the time period. Use a calculator to compute the answer, and round it off to the nearest year.

Click here to see answer by fractalier(6550)

Question 1032163: You have $175.00 that you received as a birthday present you plan on putting it in the bank for 5 years where you will earn 3% interest compounded annually. Figure out how much money you will have after each year. Decide if these earnings show a linear or non linear sequence and then explain how you came to that conclusion?
Click here to see answer by jorel555(1290)

Question 1034703: Bill invested $5902 in an account at 20% compounded quarterly. Calculate the total investment after 1 years. Round your answer to the nearest penny if necessary
Click here to see answer by addingup(3677)

Question 1034732: Tina's salary is twice Juans, together they earn 750 per week what is both of their salaries
Click here to see answer by jorel555(1290)

Question 1034812: If 25400 dollars is invested at an interest rate of 9 percent per year, compounded semianually, find the value of the investment after the given numbers of years.
5 years:
10 years:
15 years:
Click here to see answer by fractalier(6550)

Question 1034891: If 2500 dollars invested in a bank account for 6 years, compounded quarterly, amounts to 3269.98 dollars, what is the interest rate paid by the account?
NOTE:Give your answer to the nearest tenth of a percent.
Click here to see answer by josmiceli(19441)

Question 1035019: If a savings account started at $200 and earned 7% per year, how much would be in the account at the end of 12 years if you are able to a
dd $40 per year?
Click here to see answer by stanbon(75887)

Question 1035058: If 7000 dollars is invested at an interest rate of 9 percent per year, find the value of the investment at the end of 5 years for the following compounding methods.
Semiannual=
Click here to see answer by addingup(3677)

Question 1035056: If 2000 dollars invested in a bank account for 9 years, compounded quarterly, amounts to 2712.45 dollars, what is the interest rate paid by the account?
NOTE: Give your answer to the nearest percent
Click here to see answer by addingup(3677)

Question 1035060: Find the amount if $300 is invested at 17% compounded monthly for 14 months.
Amount=
Click here to see answer by rfer(16322)

Question 1035046: Find the amount if $100 is invested at 10% compounded monthly for 11 months.
Amount=
Click here to see answer by Theo(13342)

Question 1035061: The rule of 72 is a rule of thumb for finding how long it takes money at interest to double:� If r is the annual interest rate, then the doubling time is approximately 72/(100r) years.

(a) Calculate the balance at the end of the predicted doubling time for each $1000, with annual compounding, for the small growth rates of 3%, 4%, and 6%
b) Repeat part (a) for the intermediate interest rates of 8% and 9%.

(c) Repeat part (a) for the larger interest rates of 12%, 24%, and 36%.

(d)What do you conclude about the rule of 72?

Click here to see answer by Theo(13342)

Question 1035118: If $700 is invested at 10% compounded yearly, what is the interest earned after:
6 years interest earned=
5 years interest earned=
Click here to see answer by addingup(3677)

Question 1035118: If $700 is invested at 10% compounded yearly, what is the interest earned after:
6 years interest earned=
5 years interest earned=
Click here to see answer by MathTherapy(10549)

Question 1035117: If $600 is invested at 8% compounded quarterly, what is the interest earned after:
5 years interest earned=
4 years interest earned=
Click here to see answer by Edwin McCravy(20054)

Question 1035116: If $100 is invested at 4% compounded quarterly, what is the interest earned after:
3 years interest earned=
5 years interest earned=
Click here to see answer by Edwin McCravy(20054)

Question 1035114: If $400 is invested at 3% compounded monthly, what is the
interest earned after:
4 years interest earned=
5 years interest earned=
Click here to see answer by addingup(3677)

Question 1035114: If $400 is invested at 3% compounded monthly, what is the
interest earned after:
4 years interest earned=
5 years interest earned=
Click here to see answer by Edwin McCravy(20054)

Question 1035123: If 27300 dollars is invested at an interest rate of 6 percent per year, find the value of the investment at the end of 5 years for the following compounding methods.
Annual=
Semiannual=
Click here to see answer by Alan3354(69443)

Question 1035124: If 27300 dollars is invested at an interest rate of 6 percent per year, find the value of the investment at the end of 5 years for the following compounding methods.
Annual=
Semiannual=
Click here to see answer by solver91311(24713)

Question 1035167: Last year Tammy had $4,500 to invest in two savings accounts. One account earns 7% simple annual interest, and the other account earns 6% simple annual interest. At the end of the year, Tammy had earned a total of $290 in interest from the two savings accounts.
Part A Write a system of two equations that could be used to find the amount of money invested in each account. Let x represent the amount invested at 7%, and let y represent the amount invested at 6%.
Part B Solve the system of equations. How much did Tammy have invested at each rate?
Click here to see answer by addingup(3677)

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