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

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Question 1034893: Find the amount if $300 is invested at 17% compounded monthly for 14 months.
Amount=
Click here to see answer by robertb(5830)

Question 1034892: 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 robertb(5830)

Question 1035424: A hospital�s revenue (in millions of dollars) is projected to be
R(x) = 16x2 + 7x - 1
and its costs (in millions of dollars) are projected to be
C(x) = 12x2 + 12x + 14
where x represents the number of years into the future.
a. Create the profit function for the hospital.
b. What is the average rate of change in the profit from year 3 to year 5?
Click here to see answer by robertb(5830)

Question 1035513: In order to help pay for college, the grandparents of a child invest $2,100 in a bond that pays 5% interest compounded quarterly. How much money will there be in 6 years?
Click here to see answer by Alan3354(69443)

Question 1035514: Stephen purchased a diamond engagement ring for $3,000. His down payment was $1700, and he made 24 monthly payments of $59.99. Find the APR
Click here to see answer by stanbon(75887)

Question 1035602: Phyllis invested $11,500, a portion earning a simple interest rate of 5 1/4% per year and the rest earning a rate of 5% per year. After one year the total interest earned on these investments was $593.75. How much money did she invest at each rate?
At 5 1/4 per year?
At 5% per year?
Click here to see answer by jorel555(1290)

Question 1035698: How do I figure out: a total interest earned on a $1000 investment, with 8%interest compounded semi-anually, for three years.

Click here to see answer by robertb(5830)

Question 1035601: Using the expression below, choose the correct answers for the new balance and the amount of interest earned in the following compound interest problem.
P(1 + r)n
$750 at 7% for 9 years, compounded annually.
Total Amount = $
Interest Amount = $

Click here to see answer by robertb(5830)

Question 1035817: Krista needs a laptop for college she can purchase one for 36 monthly payments of $68 the interest is 10.5% compounded monthly what is the equivalent cash price of the laptop
Click here to see answer by josmiceli(19441)

Question 1035820: larry mitchell invested part of his $33,000 advance at 2% annual simple interest and the rest at 9% annual simple interest. the yearly total from both was $1,010. Find the amount at each rate.
Click here to see answer by jorel555(1290)

Question 1035891: A theme park sells tickets at $22 per ticket. Currently they have 1480 people attend per day. They estimate that for every dollar they increase the price, they will have 20 less people. What price would give the maximum revenue, and what would this revenue be?
Click here to see answer by stanbon(75887)

Question 1035905: Two books cost 220 Philippine peso and one cost 20 Philippine peso more than the other. Find the cost of each.
There are 10 coins in a purse consisting of 5 Philippine peso and 1 Philippine peso denominations. If the total amount of the coins is 26 Philippine peso then how many coins of each kind are there in the purse.
Thank you so much for the help. This will help me in my entrepreneurship strand.
Click here to see answer by ikleyn(52756)

Question 1035993: Find the future value of $1125 at 5.2% for four years if the account pays simple innterest
Click here to see answer by Aldorozos(172)

Question 1036234: A game pays 7 cents for a hit and charges 5 cents for a miss. Chuck took 29 shots and lost 37 cents. How many hits and how many misses did he have? set up equation using 2 variables.
Click here to see answer by Edwin McCravy(20054)

Question 1032659: you have invested $3500 in the stock market and have a return of 5650 after 15 months. what simple interest rate did your investment earn?

Need asap!!!
Click here to see answer by jorel555(1290)

Question 1036340: Sara invests 240 dollars in an account that pays 3% per year simple interest.She leaves the money in the account for 5 years . Work out how much money Sara has at the end of 5 years
Click here to see answer by stanbon(75887)

Question 1036349: The total land area is 3.7 ac. selling for $1,000,000 . if I only want to buy .7 of and acre. how much will it cost me?
Click here to see answer by Cromlix(4381)

Question 1036619: How much more interest is earned on an investment of $12,585 at 3.5% interest over 5 years if the interest is compounded annually rather than earning simple interest?
Click here to see answer by jorel555(1290)

Question 1036646: A sales clerk receives a monthly salary of
$950 plus a commission of
7% on all sales over
$3200. What did the clerk earn the month that he sold
$13,500 in merchandise? Follow the problem-solving process and round your answer to the nearest cent, if necessary

Click here to see answer by rfer(16322)

Question 1036697: A college used a $5,000 gift from an alumnus to make two student loans. The first was at 5% annual simple interest to a nursing student. The second was at 7% annual simple interest to a business major. If the college collected $310 in interest the first year, how much was loaned to each student?
Click here to see answer by jorel555(1290)

Question 1036900: Let f(t) be the amount of money, in dollars, in a bank account that earns 2% interest compounded
quarterly for t years. Write an interpretation of the following statements. Use complete sentences
and include units in your answer.

Click here to see answer by Boreal(15235)

Question 1036933: Annual interest rate on a $36,000 loan when interest payments are $240 per month
Click here to see answer by addingup(3677)

Question 1036933: Annual interest rate on a $36,000 loan when interest payments are $240 per month
Click here to see answer by stanbon(75887)

Question 1036933: Annual interest rate on a $36,000 loan when interest payments are $240 per month
Click here to see answer by MathTherapy(10549)

Question 1036944: Evaluate the expression, writing the result as a simplified complex number.

i −3 + 4i 7
Click here to see answer by ikleyn(52756)

Question 1037113: The customers at a local appliance store are polled as they leave the store. Each is asked, �What brand of appliance do you prefer?� The random variable x to be reported is whether the appliance brand is Frigidaire. Is x a binomial variable? Justify your answer.
Click here to see answer by Boreal(15235)

Question 1037145: The sum of money which when given on compound interest at 18%per annum would fetch Rs 960 more when the interest is payable half yearly than when it was payable annually for 2 years ?
Click here to see answer by Theo(13342)

Question 1037488: Janet invests $1500 in a bond that pays 6.5% per year. How much money will she have if she cashes the bond at the end of the 6th year?
Thank You :)
Click here to see answer by jorel555(1290)

Question 1037572: Austin bought a new mattress for $800 he will pay $50.00 per month for 18 months what is the amount to be paid?
Click here to see answer by jorel555(1290)

Question 1037567: You repair bicycles during your summer vacation and save $900 of your pay. You deposit this money into a savings account that pays 3% simple annual interest. Find your account balance after 9 months.

Click here to see answer by jorel555(1290)

Question 1037656: A car salesperson is paid a base salary of $30,000 a year plus 9% commission on all sales. What are the sales needed to ensure an annual income greater than $75,000?
Click here to see answer by addingup(3677)

Question 1037685: Find the rate at which a sum of money will double itself in 3 years , if the interest is compounded annually .

Click here to see answer by jorel555(1290)

Question 1037691: Find the rate at which a sum of money will become four times the original amount in 2 years, if the interest is compounded half yearly.
Click here to see answer by Alan3354(69443)

Question 1037744: Principal ?
Interest 5.50%
rate Time 3 1/4
Simple interest 310$
solve for interest

Click here to see answer by addingup(3677)

Question 1037911: In a month Andrew spends 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 Aldorozos(172)

Question 1037965: The cost to attend a college baseball game is $5 except for students, who are admitted for $1.50.
Yesterday�s game was attended by 310 fans and the college collected $1119.50. How many students
attended the game?
Click here to see answer by addingup(3677)

Question 1038014: You invest $500 in an account that earns interest at a rate of 8.5% compounded continuosly. How much money do you have after 3 years?
Click here to see answer by Alan3354(69443)

Question 1038130: An art student was required to complete a painting that was at least 5 square feet in area, if the student wanted to make a painting that was 3 3/4 feet wide , what is the minimum height that it could be?
Click here to see answer by jorel555(1290)

Question 1038128: Mario's bank account has a current balance of �12 he withdraws �16 work out his new balance
Click here to see answer by jorel555(1290)

Question 1038087: Question 1.
How long will it take for an investment to double at 7%p.a. compounded monthly?
Question 2.
How long will it take for regular monthly deposit of $200 to accrue to $15000 if interest is paid at the rate of 7.25%p.a. a compounded quarterly?
Question 3.
What is the present value of an annuity where $160 is deposited at the end of each quarter for 3.5 years into an account bearing 14% p.a. interested compounded monthly?
Question 4.
At the end of each quarter $700 is invested in an account. The account pays interest at 8% p.a compounded monthly. How much is in the account after two years?
Click here to see answer by Boreal(15235)

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