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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 1071695: How many twenty dollar bills does it take to make $120?
Click here to see answer by Fombitz(32388)

Question 1071872: The value V of a motor cycle that is t years old can be modeled by the function
V = 16,500(0.82)^t
. According to the model, when will the motor cycle be
worth $4000?

Click here to see answer by Boreal(15235)

Question 1071928: A man pays $2500 for some TV's and sells them for $5500 making a profit of $50 on each TV...how many TV's did he purchase?
Click here to see answer by ankor@dixie-net.com(22740)

Question 1072148: Samay has some sugar worth Rs 3000. He sold one-third at a loss of 10%.By how much percentage must the selling price be increased in the remaining so that there is a gain of 10% in outlay after allowing 20% discount .
Click here to see answer by Theo(13342)

Question 1072202: Connor bought a computer
He paid a deposit of �120 and made a 30 monthly payments of �12
How much was the total cost?
Click here to see answer by Boreal(15235)

Question 1071993: $1500 is deposited in an account earning 4.5% annual interest. If the money earns simple interest and remains in an account for 5 years, how much will be in the account at the end of 10 years.
Click here to see answer by ankor@dixie-net.com(22740)

Question 1072252: At the beginning of 2012 Jacob savings Account had $675.20 he deposited $40 each month and $66.50 interest for the year what was the percent of increase for Jacob savings account at the end of the year to the nearest whole percent A 37% B 45% C 55% or D 81%
Click here to see answer by addingup(3677)

Question 1072014: Matt invest $500 into an account with a 7.5% interest rate compounded yearly. How long will it be until the account has a value of $2500?
Click here to see answer by Theo(13342)

Question 1072335: How much money would you have if $1500 is invested for 10 years at 2.4%, continuously compounded?
Work I have tried
Equation I used was A=Pe^rt
A=1500e^10(.24)
A=1500e^24
Click here to see answer by josgarithmetic(39615)

Question 1072338: How long would it take $50 to become $200 at a 1.15%, compounded continuously?
Work tried
200=50(1+1.15/365)^365T
Then I divided 50 from both sides.
4=(1+1.15/365)^365T
Then I logged it and got
T=(4/log1+365)/365
Click here to see answer by josgarithmetic(39615)

Question 1072340: How much money would you have if $1350 is invested for 5 years at 2.25%, compounded monthly?
Click here to see answer by Fombitz(32388)

Question 1072340: How much money would you have if $1350 is invested for 5 years at 2.25%, compounded monthly?
Click here to see answer by jorel1380(3719)

Question 1072339: Jill invests $6000 in a savings account with a 1% interest rate compounded daily. How much money will Jill have after 15 years?
Click here to see answer by Boreal(15235)

Question 1072293: Andres invests $4600 in two different accounts. The first account paid 9 %, the second account paid 2 % in interest. At the end of the first year he had earned $260 in interest. How much was in each account?

Click here to see answer by Boreal(15235)

Question 1072099: tim invested $80,000 in two plans. plan 1 is at an APR of 7% and plan 2 is at an APR of 12%. if he invested $7000 less in plan 1 than in plan 1, how much can he expect to earn in one year?
Click here to see answer by jorel1380(3719)

Question 1072672: Ivan and the great train rush

Click here to see answer by Alan3354(69443)

Question 1072699: How much money should be deposited today in an account that earns 6.5 %

compounded monthly so that it will accumulate to $ 14,000

in three years?
I got 2,478.29 and it is wrong. All i have done is plug it into my calculator.
Click here to see answer by Fombitz(32388)

Question 1072579: You hope to purchase a car when you graduate from school in 3 years. You are going to deposit $120 per month and you�ve found an account that will earn 4.5% annual interest. How much will you have to go toward the car purchase? Round your final answer to the nearest cent.

Click here to see answer by Theo(13342)

Question 1072764: A total of
$7000 is invested: part at
7% and the remainder at
12%
.
How much is invested at each rate if the annual interest is
$650
?
Click here to see answer by jorel1380(3719)

Question 1072873: A truck that can carry no more than 6800 lb is being used to transport refrigerators and upright pianos. Each refrigerator weighs 300 lb and each piano weighs 525 lb. Write and graph an inequality to show how many refrigerators and how many pianos the truck could carry. Will 10 refrigerators and 9 pianos overload the truck?
Click here to see answer by Edwin McCravy(20054)

Question 1072926: A bank loaned out $17,000, part of it at the rate of 6% per year and the rest at 14% per year. If the interest received in one year totaled $1500, how much was loaned at 6%?
Click here to see answer by Fombitz(32388)

Question 1073332: A loan of $940 was repaid at the end of 18 months with a check for $970. What annual rate of interest was charged?
Click here to see answer by addingup(3677)

Question 1073376: How much money would you need to invest now (lump sum) at an interest rate of 3.4%, compounded quarterly, so that in 5 years you will have $5,000 to use for a down payment on a vehicle?
Click here to see answer by jorel1380(3719)

Question 1073244: 1. The simple interest on Gh72.000.00 for 3 n half year is Gh 18,000.00
What is the rate per annum ?
Click here to see answer by jorel1380(3719)

Question 1073605: Kay and Dale are friends. They share the sum of $4800 between them. Kay received $120 less than what Dale received. Let the amount received by Kay be represented by k, and that of Dale by d.
Write down two equations in terms of k and d and solve those equations and determine the amount each of the two received.
Click here to see answer by ikleyn(52769)

Question 1073682: How much money should be deposited today in an account that earns 44% compounded semiannually so that it will accumulate to $14000 in 77 years?
Click here to see answer by addingup(3677)

Question 1073680: Andrea wants to buy a high-end racing bicycle. She wants to spend $7800 and take out a loan over 44 years. How much will she have to pay each month for the next four years to purchase the bike if she is charged 7.9% interest compounded monthly?
Click here to see answer by addingup(3677)

Question 1073685: In his pocket, Anthony has 10 coins including 5 pennies and 1 nickel. He has no dimes, half dollars, or dollars. Can he buy a hamburger for $1.50?
Click here to see answer by josgarithmetic(39615)

Question 1073827: If Americans generated 220 million tons of waste during a single year if they recycled 29% of all paper discarded that year how much paper was recycled and paper is 39% of the solid waste
Click here to see answer by jorel1380(3719)

Question 1073679: How much money should be deposited today in an account that earns 44% compounded semiannually so that it will accumulate to $14000 in 77 years

Click here to see answer by Fombitz(32388)

Question 1073984: An amount of money invested for 1 year in a savings account will earn $1,600. That same amount of money invested in a mini-mall development will earn $5,600 interest in a year, because the interest paid is 10% more than that paid by the savings account. Find the rate of interest paid by each investment.
Click here to see answer by addingup(3677)

Question 1073982: Two bond funds pay interest at rates that differ by 2%. Money invested for one year in the first fund earns $225 interest. The same amount invested in the second fund earns $275. Find the lower rate of interest.
Click here to see answer by jorel1380(3719)

Question 1074001: A book was sold for 120 at a loss of 10%. How much did originally cost?
Click here to see answer by jorel1380(3719)

Question 1074094: Mr. Igne invests a part of P85,000 in a mortage which pays 6% interest; and the rest in bonds paying 5% interest. The annual income from the bonds is twice the income from the mortage. How much is invested in bonds?
Click here to see answer by jorel1380(3719)

Question 1074088: Sarah is behind on her payments. She currently owes $475 and she would like to set up a payment plan which company policies allow. If Sarah set up a payment plan at 5% of $475 per month how much will she still all after 12 payments
Click here to see answer by Theo(13342)

Question 1074142: At the North Fair you earn 9 points for each bull's eye you hit, but you lose 7 points for each miss. After 25 tries, Linda has 33 points. How many hits did she have?
Click here to see answer by ikleyn(52769)

Question 1074145: Uta invests an amount into a compound interest investment account that pays 6% a year. After six years, she withdraws her total balance of $500. Using the formula , how much money did Uta initially invest?
Click here to see answer by addingup(3677)

Question 1074136: Investing $230,000 at 5.5% compounded monthly for 3 1/2 years, Round the monthly rate in decimal form to four decimal places. Thanks.
Click here to see answer by addingup(3677)

Question 1074206: Terry Edwards invested $3000 for two years, part at 3.5% simple interest and the rest at 2.5% simple interest. After two years, she earned a total interest of $190. How much was invested at each rate?
Click here to see answer by josgarithmetic(39615)

Question 1074410: Set up a linear system and solve.
Bill's $9,900 savings is in two accounts. One account earns 2% annual interest and the other earns 7%. His total interest for the year is $638. How much does he have in each account?
Click here to see answer by sachi(548)

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