Tutors Answer Your Questions about Money Word Problems (FREE)
Question 1052455: You have already invested $300 in a stock with an annual return of 11%. How much of an additional $1,500 should be invested at 12% and how much at 6% so that the total return on the entire $1,800 is 9%? (Round each answer to the nearest cent.)
Click here to see answer by ikleyn(52775)  |
Question 1052936: The amount of simple interest earned in an account varies jointly as the interest rate and time of the investment. An account earns $200 in 2yr at 4% interest. How much interest would be earned in 3yr at a rate of 5%?
Click here to see answer by jorel555(1290) |
Question 1053338: The value of the dimes is exactly half the value of the quarters. The value of the nickels is 50 cents less than the value of the dimes. The value of the pennies is exactly half the value of the nickels. There are 97 coins in all with a combined value of $6. How much in quarters?
Click here to see answer by josgarithmetic(39616) |
Question 1053338: The value of the dimes is exactly half the value of the quarters. The value of the nickels is 50 cents less than the value of the dimes. The value of the pennies is exactly half the value of the nickels. There are 97 coins in all with a combined value of $6. How much in quarters?
Click here to see answer by ikleyn(52775)  |
Question 1053375: Here's my question:
Two publishers have offered Frank a deal on his new book "101 Smelly but Effective Cures for Athlete's Foot." The first has offered to pay him $20,000 up front and a $3 royalty for every book it sells. The second has offered to pay $15,000 up front and a $4.25 royalty for every book it sells. Over what range of sales will Frank make more from the deal with the second company than he will from the deal with the first?
I'm supposed to translate this word problem into an inequality and solve, but I don't know where to start or how to do it.
Click here to see answer by jorel555(1290) |
Question 1053413: The total revenue R $ earned by a service is given by the equation below, where is the price per unit in dollars.
What is the revenue when the price per unit is
A.) $42,875
B.) $41, 125
C.) $72, 625
D.) $11, 375
Tyvm.
Click here to see answer by ewatrrr(24785)  |
Question 1053513: i have personal finance and I have hard time on unit 2 that is "finding a place to live" ....Anyways here's an example: What is a good estimate for the amount of monthly rent to charged for an 880-square foot apartment ?
Click here to see answer by Fombitz(32388)  |
Question 1053505: $7,284
is invested, part at
13%
and the rest at
10%
. If the interest earned from the amount invested at
13%
exceeds the interest earned from the amount invested at
10%
by
$136.86
, how much is invested at each rate? (Round to two decimal places if necessary.)
Click here to see answer by jorel555(1290) |
Question 1053505: $7,284
is invested, part at
13%
and the rest at
10%
. If the interest earned from the amount invested at
13%
exceeds the interest earned from the amount invested at
10%
by
$136.86
, how much is invested at each rate? (Round to two decimal places if necessary.)
Click here to see answer by MathTherapy(10551)  |
Question 1053825: Susan invests 2 times as much money at 8% as she does at 6%. If her total imterest after 1 year is $1,100. How much does she have invested at each rate?
I made an equation 2x+ y =1100 and 0.08x + 0.06y= $1100 but when i solve i get a negative number so i mnow my formulas are nit correct
Click here to see answer by josgarithmetic(39616) |
Question 1053825: Susan invests 2 times as much money at 8% as she does at 6%. If her total imterest after 1 year is $1,100. How much does she have invested at each rate?
I made an equation 2x+ y =1100 and 0.08x + 0.06y= $1100 but when i solve i get a negative number so i mnow my formulas are nit correct
Click here to see answer by MathTherapy(10551)  |
Question 1054171: Monica is paid $150 each week for working in the Q-T Mart. She is paid in ten and twenty dollar bills only and receives twice as many twenties as she does tens. How many ten dollar bills does Monica receive each week?
Click here to see answer by ikleyn(52775)  |
Question 1054313: Jeff's bank offers a savings account, compounded monthly, with an APR of
2.25%.
What principal P should be invested so that the account balance is $2500 in three years? (Assume the interest is compounded monthly. Round your answer to two decimal places.)
Click here to see answer by stanbon(75887) |
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