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

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Question 1074529: 1. An investor invested a total of $2,400 in two mutual funds. One fund earned a 8% profit while the other earned a 4% profit. if the investors total profit was $120, how much was invested in each mutual fund?
2. Mark deposited a total of 35,000 in two different CD's. One CD paid 4.25% annual interest, and the other paid 3.5% annual interest. At the end of one year, he had earned $1450 in interest from the two CD's. How much did mark invest in each CD?
Click here to see answer by ankor@dixie-net.com(22740)

Question 1074676: In the equation 6,000=10,000(1-r)^4 , what is the value of depreciation? I have tried multiplying the 10000 into the parenthesis giving me 10000r + 6000 =10000 but when working the rest out I do not get the proper answer.
Click here to see answer by jorel1380(3719)

Question 1074703: denyse borrowed $20,000 from her grandfather to start a bakery. she repaid him after 3 years. the annual simple interest rate was 7%. determine the total amount she repaid.
Click here to see answer by josmiceli(19441)

Question 1074735: 1.Lisa sets aside $5250 for her car loan repayment each year. If this amount represents 7.5% of her salary, how much does she earn per year ?
2. Simplify 1 7/8: 3/4
The recipe to a particular cocktail includes guave juice, ginger beer, lime huice in the ratio of 9:4:2:1. Determine the amount of each ingredient in litres if the total about of litres is 16L. Rounded to one decimal place
Click here to see answer by Theo(13342)

Question 1074798: the quicken loans mortgage company is offering a 30-year fixed-rate mortgage of 3.75%. Amy and Brian paid their down payment and are mortgaging their house for $160,000. What is the monthly payment needed in order to amortize the loan?
Click here to see answer by Boreal(15235)

Question 1074810: compute the value for the given investments using the different types of compounding. Present value is $8000. Annual interest rate is 4.5% for 3 years. Please compound semi annually, Quarterly, Monthy, and Daily.
Click here to see answer by Boreal(15235)

Question 1074811: hank and peggy are saving money to purchase a new pickup truck. They decide to deposit $100 per month into an account paying 5.25% interest compounded monthly. Determine the value of their account after 5 years.
Click here to see answer by addingup(3677)

Question 1074808: in 54 months, bill wants to build a $20,000 three-season room addition to his house. How much should he invest now at 5.25% simple interest to have enough for the addition in 52 months?
Click here to see answer by Boreal(15235)

Question 1074708: Mark deposited a total of $35,000 in two different CD's. One CD paid 4.25% annual interest, and the other paid 3.5% annual interest. At the end of one year, he had earned $1450 in interest from the two CD's. How much did Mark invest in each CD?
Mark invested $_____ in his first CD, and $_______ in the second CD.
Click here to see answer by jorel1380(3719)

Question 1074795: compute the value for the given investment using the different types of compounding. present value is $8,000. Annual interest rate is 4.5% for 3 years. Compounded: a. Semi Annually b. quarterly c. monthly and d. daily
Click here to see answer by jorel1380(3719)

Question 1074704: in 54 months, Bill wants to build a $20,000 three-season room addition on his house. How much should he invest now at 5.25% simple interest to have enough for the addition in 52 months?
Click here to see answer by jorel1380(3719)

Question 1075071: If interest is earned at the rate of 5%, compounded annually, how long will it take an
investment of $10,000 to grow to $15,000
Click here to see answer by addingup(3677)

Question 1075124: The Pacific Investment Group invested some money in an account that earns 7.6% annual simple interest. Twice the amount invested at 7.6%, was invested in a second account that earns 3.9% annual simple interest. If the total annual interest earned from the two investments was $3080, how much was invested at 7.6% (that is, in the first account?
Click here to see answer by josmiceli(19441)

Question 1075133: The Jones Family invested $1,200 more at 4% than at 7% in a low risk hedge fund, but the
income from each investment was the same. How much was invested at each rate?
Click here to see answer by addingup(3677)

Question 1075130: Determine the future value of an annuity if $375 is invested monthly at an
interest rate of 4.75% over 15 years.
Click here to see answer by MathTherapy(10549)

Question 1075199:
Lucy bought a motorcycle for eight thousand dollars. The
motorcycle decreases in value every year by five percent.
How much should Lucy's brother pay for the motorcycle if he
buys it from her in five years?
Click here to see answer by jorel1380(3719)

Question 1075273: Suppose a college student pays $1200 for tuition and fees. However, she also has to pay $325 for her textbooks (ouch!). What percent of her total education costs goes to books?
Her total education costs add up to $
1525

Her books represent:
____________________ % of her total education costs.
(Round your 2nd answer to the nearest tenth of a percent, for example: 12.5%)
Click here to see answer by stanbon(75887)

Question 1075317: Solve applied problems involving exponential and logarithmic equations...
The formula A=37.3e^.0095e models the population of California, A, in millions t years after 2010. When will the population of California reach 40 million?
Click here to see answer by Boreal(15235)

Question 1075320: Model exponential growth and decay...
In 2000, the population of Israel was approximately 6.04 million and by 2050 it is projected to grow by 10 million. Use the exponential growth model A=Aoe^kt, in which t is the number of years after 2000, to find an exponential growth function that models the data
Click here to see answer by Boreal(15235)

Question 1075189: : Sean owns a business that builds computers. The fixed operating costs for his
business are $2,700 per week. In addition to fixed operating costs, each computer costs $600 to
produce. Each computer sells for $1,500. Write an inequality that can be used to determine the
number of computers Sean needs to sell in order make a profit each week. Solve the inequality,
and write your answer in a complete sentence.

Click here to see answer by Boreal(15235)

Question 1075398: After three months, $8200 deposited in a savings account with simple interest had grown to a total of $8364. What was the interest rate?
Click here to see answer by Boreal(15235)

Question 1075442: $705 is deposited into a saving account that earns 3.5% simple interest for 4 years.
Click here to see answer by Lightning_Fast(78)

Question 1075442: $705 is deposited into a saving account that earns 3.5% simple interest for 4 years.
Click here to see answer by ikleyn(52756)

Question 1075442: $705 is deposited into a saving account that earns 3.5% simple interest for 4 years.
Click here to see answer by Alan3354(69443)

Question 1075607: Steve spent 1/5 of his monthly salary for rent and 1/9 of his monthly salary for his car payment. If $1426 was left, what was his monthly salary?

Click here to see answer by Boreal(15235)

Question 1075618: Barry spent 1/3 of his monthly salary for rent and 1/5 of his monthly salary for his car payment. If $784 was left, what was his monthly salary?

Click here to see answer by Boreal(15235)

Question 1075534: Bertha has $2400 more invested at 4% than she has at 5%. If her annual income from these two investments is $294, how much does she have invested at each rate?
Click here to see answer by Alan3354(69443)

Question 1075611: On an annual basis the first set of expenses is ____ % of the second set of expenses. Round to the nearest percent.
Julio goes to a concert once every two weeks at an average ticket price of $50; he spends $600 per year on car insurance.

Click here to see answer by Boreal(15235)

Question 1075788: Please help with this problem:
Express the tax on $100 if the tax rate is r%.
Click here to see answer by Alan3354(69443)

Question 1075780: The local parts shop buys a machine that costs $500,000. Its value depreciates exponentially each year by 10%. What is the machine�s value after 5 years? Round your answer to the nearest integer.
Click here to see answer by jorel1380(3719)

Question 1075716: a) You have N$ 10,000 to invest, which you want to grow to N$ 100,000. If the bank offers you an interest rate of 6% p.a. compounded monthly, how long must you invest the money for (in months or years)? Round your answer to one decimal place.
b) Instead of investing N$ 10,000, you decide to save N$ 1000 per month at the end of each month. If the bank again offers you an interest rate of 6% p.a. compounded monthly, after how many years and months will you have N$ 100,000? Round your answer to one decimal place.
Click here to see answer by Theo(13342)

Question 1075862: jack plans to deposit 100 at the end of every quarter for the next 10 years into an annuity that pays 6% what will be the value of jack's annuity at maturity
Click here to see answer by addingup(3677)

Question 1075872: Smith trucking will have a 40,000 payment due in 5 years how much would they need to invest quarterly in a fund paying 8%
Click here to see answer by rfer(16322)

Question 1075872: Smith trucking will have a 40,000 payment due in 5 years how much would they need to invest quarterly in a fund paying 8%
Click here to see answer by MathTherapy(10549)

Question 1076170: Question 7
Ravi deposits
$7000
into an account that pays simple interest at a rate of
2%
per year. How much interest will he be paid in the first
6
years?

Click here to see answer by Boreal(15235)

Question 1076305: Lilian and susan share 30 doller between themselves in ratio 2:3.Find the share of each
Click here to see answer by Fombitz(32388)

Question 1076325: Rico can drive 2 times as fast as Manuel can ride his bicycle. If it takes Manuel 3 hours longer than Rico to travel 42 miles, how fast can Manuel ride his bicycle?

Click here to see answer by josgarithmetic(39614)

Question 1076324: How much money does Dana Jones have after 6 years if she invests $1600 at 7% interest compounded continuously? Use the formula Upper A equals Upper P e Superscript rtA=Pert to solve.
Click here to see answer by jorel1380(3719)

Question 1076311: Tom opens a bank account and makes an initial deposit of $15,000. The banker tells Tom that he is going to receive an annual rate of 3.5% on his investment. Find the bank balance assuming Tom leaves the account untouched for 15 years. In your final answer, include all of your calculations.
Click here to see answer by jorel1380(3719)

Question 1076475: Colin has a part-time job at a cellular phone store to cover his expenses while at college. He makes a monthly salary of $600 plus 15% Commission on all phones that he sells. Colin needs to have at least $900 from this job to meet his expenses.
a) Write an inequality to show the dollar amount of phone sales Colin needs to make each month.
b) Solve the inequality.
Click here to see answer by addingup(3677)

Question 1076511: Tyler's dad starts a college fund and saves 1000.00 the first year and each year he saves 5% more than the previous year. How much money would be in the college fund at the end of 18 years?

Thank you for you help!
Jordan
Click here to see answer by jorel1380(3719)

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