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

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Question 1041563: Justine received a bonus check from her work for $6,000. She is going to deposit the money into her bank account that receives 5% compounded annually. The amount of interest earned after year 5 is:
Click here to see answer by solver91311(24713)

Question 1041590: Please help me solve this problem:
Jacob is the booking agent for a popular band. He has found that when he sells each ticket to a concert by the band for $63, the average attendance for the concert is 24,305. In addition, Jacob has found that with every $20 increase in the ticket price, the average attendance for the concert decreases by an average of 1,202.
The band's profit per concert is given by the polynomial below, where x is the number of $20 increases in the ticket price over $63.
P(x) = $1,531,215 + $410,374x - $24,040x^2
What does the constant of polynomial P(x) represent?
Click here to see answer by Boreal(15235)

Question 1041623: ind the amount due at the end of 21 months whose present value is $43,000 at 10% interest in advance
Click here to see answer by stanbon(75887)

Question 1041623: ind the amount due at the end of 21 months whose present value is $43,000 at 10% interest in advance
Click here to see answer by MathTherapy(10551)

Question 1041667: The projected worth (in millions of dollars) of a large company is modeled by the equation y = 206(1.1) x. The variable x represents the number of years since 2000. What is the projected annual percent of growth, and what should the company be worth in 2011?

Click here to see answer by stanbon(75887)

Question 1041666: if a person invests 290 at a 6% annual interest, find the approximate value of the investment at the end of 15 years
Click here to see answer by Alan3354(69443)

Question 1041666: if a person invests 290 at a 6% annual interest, find the approximate value of the investment at the end of 15 years
Click here to see answer by stanbon(75887)

Question 1041645: The average earning of peter, james, john is 2200.If peter earns twice as James and three times as john, how much does each earn?

Click here to see answer by Fombitz(32388)

Question 1041562: Justine received a bonus check from her work for $6,000. She is going to deposit the money into her bank account that receives 5% compounded annually. The amount of interest earned after year 1 is:

Click here to see answer by Alan3354(69443)

Question 1041585: Please help me solve this problem:
Dr. Jane is studying the growing population of a species of jellyfish in a body of water. Each year, she records the population of jellyfish. The first year, she recorded a population of 15 jellyfish. Every following year, the population increased by four times the previous year�s population. At this rate, what will be the jellyfish population in the 8th year of her study?

Click here to see answer by Fombitz(32388)

Question 1041611: Please help me solve this problem:
Jackson made an initial deposit of $900 to open a savings account. Each month, Jackson plans to deposit $45 into the account. If the savings account does not accrue interest, which of the following functions represents the amount of money in Jackson's savings account, S(x), x months after opening the account?

Click here to see answer by jorel555(1290)

Question 1041885: If there was a 6% inflation rate for the next 20 years, a ₹100 purchase today will cost how much in 20 years?
Click here to see answer by jorel555(1290)

Question 1041958: Can you help me solve this difficult complicated problem?
Suppose you deposited $625 in an account with an annual interest rate of 4% compounded semi-annually. Use this information to answer parts a,b and c
A) Find the Equation that gives the amount of money in the account after t years.
B) Find the amount of money in the account after 12 years (round to the nearest penny).
C) If the Interest were Compounded Continuously, how much money would the account be worth after 5 years (round to the nearest penny).
Thank you so much, I greatly appreciate it !!
Click here to see answer by stanbon(75887)

Question 1041953: Jerry invested $7000, part at 8% simple interest and the rest at 5% simple interest for a period of 1 year. If he received a total annual interest of $476 from both investments, how much did he invest at each rate?
Click here to see answer by jorel555(1290)

Question 1042055: The cost,c, for maintenance on an antique car increases by 5% each year.If Jose paid S200 for initial maintenance,then the charge x years later can be given by function . What is the value of n?
Click here to see answer by solver91311(24713)

Question 1041927: The purchasing power of A dollars after t years of r% inflation is given by the model P = Ae^-rt. Assume the inflation rate is currently 3.8%. How long will it take for the purchasing power of $1.00 to be worth $0.76? Round the answer to the nearest hundredth.
Click here to see answer by josmiceli(19441)

Question 1042015: Samantha takes $28000.00 to the bank to invest into a term deposit.the bank gives her three option of interest rate with different compounding.
option 1 - simple interest type @ 10.2 % annually
option 2 - compounded interest type @ 10% annually
option 3 - compounded interest type @ 9.8% daily
compute her total amount after 30 months for all three option.conclude which option she should take to get maximum return on her investment.
Click here to see answer by Theo(13342)

Question 1041797: a man borrowed 120,000 and promised to pay annually for 5 years. the payment start at "x" pesos. the man intends to increase his payments by 5000 at the end of each successive year. if the interest rate is 8% compounded annually, how much will the first payment be?
Click here to see answer by Theo(13342)

Question 1042256: How much money do you need to invest at 2.8% compound continuously in order to have 25500 at the end of 8 years?
Click here to see answer by stanbon(75887)

Question 1042438: A, B, C, and D invest $s. B invests m times as much as A, C as much as A and B combined, and D as much as C and B combined. Determine amount each invests.
How do I solve?
Not homework question.

Click here to see answer by ikleyn(52776)

Question 1042484: Fred and Staci Whittingham own 40 shares of Procter and Gamble stock and 25 shares of Microsoft stock. At the close of the markets on September 25, 1997, their stock portfolio was worth $6,058.75. The closing price of Microsoft stock was $64.25 more per share than the closing price of Procter and Gamble stock on that day. What was the price of each stock on September 25, 1997? (Source: Based on data from Standard and Poor�s ComStock)
Click here to see answer by Boreal(15235)

Question 1042532: Reference question 1042438:
I have found the problem with answers:
A: s / 3 + 4m
B: ms / 3 + 4m
C: s(1 + m) / 3 + 4m
D: s(1 + 2m) / 3 + 4m
I am unsure how to solve. Thanks again.
Click here to see answer by josgarithmetic(39616)

Question 1042534: A coin collection made up of pennies, nickels, and quarters contains a total of 29 coins. The number of quarters is 8 less than he number of pennies. The total face value of coins is $1.77. How many of each denomination are there?
Click here to see answer by josgarithmetic(39616)

Question 1042613: the profit for a veggie dog vendor is given by this function: p(v)=-.004v^2+1.32v+200, where v is the number of veggie dogs sold per day. how many veggie dogs does she need tto sell in a day to make a maximum profit
Click here to see answer by josmiceli(19441)

Question 1042693: In a carnival game, you roll 2 dice. If the sum is 6, you receive a $5 payoff. If the sum is 12, you receive a $8 payoff. Otherwise, you receive no payoff. What is the expected payoff? (Round your answer to two decimal places.)
Click here to see answer by stanbon(75887)

Question 1042342: Mrs Zafar purchased an LCD television at a cost of Rs 32000. She paid 15% in cash and financed the balance through the special purchase plan of Rs 1850 for 18 months. How much did the payments cost Mrs Zafar?
Click here to see answer by addingup(3677)

Question 1042714: You are interviewing an applicant for a sales agent position in your company,based in the company record,almost every company sales agent makes a total revenue for
150x+x^2 dollars for selling products,if the applicant confidently that he/she can easily make at least $ 10,000 weekly revenues,how many products he/she to meet this qouta?
150x+x^2 ≥ 10,000
Click here to see answer by jorel555(1290)

Question 1042392: An investor opens an account at a investment firm earning 6% interest (annual rate) with an initial deposit of $6000. Each month, the investor makes a deposit of $150, but the bank charges a $10 fee.
Write a difference equation describing the balance at month n+1 given the balance at month n.
Click here to see answer by Theo(13342)

Question 1042807: Find and interpret the future value of the given amount..... $7300 at 7% compounded annually for 13 yrs
Click here to see answer by Alan3354(69443)

Question 1042806: if a person invests $250 at 9% annual interest, find the approximate value of the investment at the end of 15 years.
Click here to see answer by Alan3354(69443)

Question 1043000: Here's the problem:
After the embargo was lifted, the price of gasoline fell by 10%. Days later, when the cease-fire was announced, the price fell again (from the new lower price) by another 20%. If the price of gasoline is now $1.08, what was it originally?
Click here to see answer by rfer(16322)

Question 1043135: how long will it take for $4300 to grow to $28600 at an interest rate of 3% if the interest is compounded continuously? Round the number of years to the nearest hundredth. thank you
Click here to see answer by stanbon(75887)

Question 1043158: For a fundraising project, your Math Club is publishing an art calendar. The cost of the digital images and the permission to use it is 34,000 pesos. In addition to these "one-time" charges, the unit cost of printing each calendar is 130 pesos.
Write a model that gives the average cost per calendar as a function of the number of calendars to be printed
Click here to see answer by stanbon(75887)

Question 1043218: Ms kaushik invested rs 30000 in total ,part of it at 5% and rest at 8% simple interest. The total interest earned on the investment was rs2100. How much she invested at each rate
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Question 1041702: Frank invest a certain amount of money at 5% intrest and $1360 more than that amount at 7%. His total yearly interest was $241.60. How much did she invest at each rate?

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Question 1041701: A retail store buys 40 VCRs from a distributor at a cost of $175 each plus an overhead charge of $20 per order. The retail markup is 40% on the total price paid. Find the profit on the sale of one VCR.

Click here to see answer by addingup(3677)

Question 1043310: Zack has $25,20/ in a savings account that earns 13% annually. The hottest is not compounded. How much will he have in 9 months?

Click here to see answer by addingup(3677)

Question 1043434: if a person invested $260 at 4% annual interest find the approximate value in 5 years
Click here to see answer by Alan3354(69443)

Question 1043616: Here's my problem:
The price of the once high-flying tech stock fell by 22% the week before last and by another 15% (from its new lower price) last week. If the price of the stock is now $132.60, what was it originally (before both price declines)?
Click here to see answer by Boreal(15235)

Question 1043694: My Algebra final is today, I need to complete 2 word problems, 1) A credit union loaned out $50000, part at an annual rate of 5% ad the rest at an annual rate of 10%. The collected combined simple interest was $3000 that year. How much was loaned out at 5%? I have attempted to us formula of I=Prt, but I am unable to figure out were to start, How much of the year is part, Please help med set it up and completely solve this problem. Second problems is: A New elementary algebra textbook sells for $80 and a used elementary algebra textbook sells for $60. How many new textbooks are sold if the receipts for 125 new and used textbooks is $9060? I really do need help. I been working on this for 1 whole day. Thank You Kathy

Click here to see answer by KMST(5328)

Question 1043881: An investment of $101 000 was made by a business club. The investment was split into three parts and lasted for one year. The first part of the investment earned 8% interest, the second 6%, and the third 9%. Total interest from the investments was $ 7650.$7650. The interest from the first investment was 44 times the interest from the second. Find the amounts of the three parts of the investment.
Click here to see answer by advanced_Learner(501)

Question 1043951: A sum of 6000 is invested, part of it at 9% interest and the remainder at 11%. If the interest earned by the 9% investment is 160 less than the interest earned by the 11% investment, find the amount invested at each rate

Click here to see answer by addingup(3677)

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