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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 1052382: Can you help me find the length of a rectangular lot with a perimeter or 50 if the length is five more than the width?

Click here to see answer by Fombitz(32388)

Question 1052386: $2000 more is invested in an account earning 12% simple interest than in an account earning 8% simple interest. If the total interest at the end of 1 year is $1240, how much was invested in each account?
Click here to see answer by ewatrrr(24785)

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(52786)

Question 1052459: Dale wants tonsave 500 for a tv he daves 17 dollars each week. If dale still needs 211 dollars, how many weeks has he been saving
How much money does he still need after 6 weeks
Click here to see answer by ikleyn(52786)

Question 1052499: How long in years, months and days (using approximate time) will it take RM800 to accumulate RM1200 at 13% compounded weekly?
Click here to see answer by Fombitz(32388)

Question 1052664: Solve the problem below:
a) How much interest is charged when 50,000 pesos is borrowed for 9 months at an annual simple interest rate of 10% ?
Click here to see answer by Alan3354(69443)

Question 1052717: abe invested a total of $13,000 in two accounts , one paying 5% interest and the other 7% . If his annual interest was $813, how much was invested in cash
Click here to see answer by ewatrrr(24785)

Question 1052731: Mr.Pauley goes to the bank and gets get change for a $50 dollar bill consisting of a $5 dollar bills and $1 dollar bills. There are 22 bills in all. How many of each kind of bill are there?
Click here to see answer by Fombitz(32388)

Question 1052900: A retired couple invested $3000 in bonds. At the end of one year, they received an interest payment of $159. What was the simple interest rate of the bonds?
Click here to see answer by addingup(3677)

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 1053215: A bank teller has 25 more five-dollar bills than ten-dollar bills. The total value of the money is $200. How many of each bill denomination does he have?
Click here to see answer by ikleyn(52786)

Question 1053210: Rob spent $64 to make an advanced purchase of 10 movie tickets for himself and his friends. If adult tickets cost $8.50 and senior discount tickets cost $5, determine the number and type of tickets purchased.
Click here to see answer by ewatrrr(24785)

Question 1053198: Chris puts $9000 into a certificate of deposit (CD) account at a simple interest rate of %4% per year. how much interest will he earn in 1 year

Click here to see answer by ewatrrr(24785)

Question 1053339: If you had 3 less dimes the number of dimes would be exactly double the number of nickels. If you have 33 coins in all, how many nickels?
Click here to see answer by josgarithmetic(39617)

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(39617)

Question 1053337: You have two investments. One earns 5%, the other 3%. If you have $10,000 invested and earn $475, how much is invested at 5%?
Click here to see answer by ewatrrr(24785)

Question 1053400: A dealer allows a discount of 25% on the marked price. How much must he mark his goods above the cost price to make a profit of 20% ?

Click here to see answer by jorel555(1290)

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 1053407:
A dealer allows a discount of 25% on the marked price. How much must he mark his goods above the cost price to make a profit of 20% ?
(hint let cp 100)
Click here to see answer by jorel555(1290)

Question 1053507: $10000 is invested in an account earning 10.5% compound interest each year.
Right down a recurrence relationship to model the value of the loan, V,, from year to year
Click here to see answer by rfer(16322)

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 1053577: Walt made an extra $5000 last year from a part-time job. He invested part of the money at 6% and the rest at 8%. He made a total of $380 in interest. How much was invested at 8%?
Click here to see answer by jorel555(1290)

Question 1053700: Basmati rice costs $4.50/kg while wild rice costs $5.40/kg. In what ratio should the basmati rice be mixed with wild rice to create a blend that costs $5.00/kg?
Click here to see answer by ikleyn(52786)

Question 1053646: if you were borrow $8300 over five years at .12 compounded monthly, what would be your monthly payment?
Click here to see answer by Boreal(15235)

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(39617)

Question 1053857: Suppose that you invest $1800 in an account that earns simple interest at an APR of 5.2%. Determine the accumulated balance after 5 years.
Click here to see answer by stanbon(75887)

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(52786)

Question 1054287: How Old am I if 400 reduced by two times my age is 244
Click here to see answer by josmiceli(19441)

Question 1054289: Jill sold half of her comic books and then bought 16 more. She now has 36. With how many did she begin
Click here to see answer by josmiceli(19441)

Question 1054286: Aliyah has some candy to give to her four children she took 10 pieces for herself and then Evenly divided the rest among her children each child received two pieces with how many pieces did she start with
Click here to see answer by josmiceli(19441)

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)

Question 1054486: A bag of baseballs costs $12. There are 15 balls in the bag. Another bag of baseballs costs $15 for 20 balls. Which bag prices individual baseballs lower?
Click here to see answer by Fombitz(32388)

Question 1054634: A Client has $160,000.00 getting 3% interest. Client would like to Withdrawal $600 per month. How long would the $160K last at that Withdrawal/Interest Rate?
Thank you!
Click here to see answer by addingup(3677)

Question 1054681: James borrows $300 at an interest rate of 8% and takes 5 years to pay it off.
How much does he pay?
Question 2 options:

$420

$120

$240

$600
Click here to see answer by ewatrrr(24785)

Question 1054699: If he puts $250.00 per month into savings, what is his total income?
Click here to see answer by ikleyn(52786)

Question 1054557: The simple interest earned on a deposit of $3,000 at 6% for 5 years.
$9.00
$90.00
$900.00
$9,000.00
Click here to see answer by Fombitz(32388)

Question 1054709: James and Terry open a savings account that has a 2.75% annual interest rate, compounded monthly. They deposit $500 in the account each month. How much will be in the account in 20 years?
Click here to see answer by Boreal(15235)

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