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

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Question 1076578: Little Miss Buffet takes all the money from her piggy bank and puts it into a savings account at her local bank. The bank promises an annual interest rate of 3% on the balance, compounded semiannually. How much will she have after one year if her initial deposit was $400?
SHOW THE WORK
$529.00

$412.17

$2,500.00

$412.09
Click here to see answer by Boreal(15235)

Question 1076583: Anna�s employer pays 80% of her health insurance premium and deducts the remainder from her paycheck. Anna is paid biweekly, and the annual premium is $9,000.
How much is deducted from her paycheck for health insurance?
SHOW WORK

$276.92

$69.23

$75.00

$300.00

Click here to see answer by stanbon(75887)

Question 1076560: Mr Basheer plans to purchase a TV set she has been offered the option of paying rupees 2000 down payment and 3000 after 4 month , of paying rupees 3,000 down payment and 2000 after 5 months is the rate of interest 9% which option would be better for her?
Click here to see answer by Boreal(15235)

Question 1076571: . How much do you have to deposit today so that beginning 11 years from now you can withdraw 10,000 euros a year for the next five years (periods 11 through 15) plus an additional amount of 20,000 euros in the last year (period 15)? Assume an interest rate of 6% compounded annually.
Click here to see answer by Theo(13342)

Question 1076613: person A is paying three times more than person B, and total comes out to 1300. How much is person B paying?
Click here to see answer by MathLover1(20849)

Question 1076613: person A is paying three times more than person B, and total comes out to 1300. How much is person B paying?
Click here to see answer by MathTherapy(10549)

Question 1076744: i. Evaluate the function f(t) = t^3/3 � 2t^2 − 45t + 58 for extreme values and classify them.

ii. What is the value of t at the point of inflection?

Please assist
Thank you

Click here to see answer by KMST(5328)

Question 1076796: Rachel invested her savings in two investment funds. The amount she invested in Fund A was $8000 less than the amount she invested in Fund B. Fund A returned a 5% profit and Fund B returned a 2% profit. How much did she invest in Fund B, if the total profit from the two funds together was $790?
Click here to see answer by jorel1380(3719)

Question 1076820: You invest in a company that purchases T-shirts and resells them for a profit. You invest $180 and sell each shirt for $10.25. If you sell 26 shirts, what is your profit?
Click here to see answer by rapture(86)

Question 1076866: He gave Margaret 20000 Betty jo got 22 times as much as Margaret Johnny got 32 times as much as Margaret what is a total value of the estate
Click here to see answer by jorel1380(3719)

Question 1077040: Shawn spent $199 on a recent trip to the mall. the sweater cost $30 more than the slacks. the shoes cost more $34 more than the slacks. set up a key and solve the equation
Click here to see answer by josmiceli(19441)

Question 1077064: if 16% of 25% of a number is 10,then the numer is:
Click here to see answer by josgarithmetic(39613)

Question 1077088: James and Gary decide to open a business together. James invests R 75 000 and Gary invests R 45 000. They agree to divide any profits in the same ratio as their initial investments. The business shows a profit of R 480 000 in the first year.
4.1.1 Express the ratio of the initial investments in simplified form. (2)
4.1.2 How much does James and Gary get in profits in the first year?
Click here to see answer by Theo(13342)

Question 1077178: A tiny food restaurant invests $4000 to create a new food that sells for $. Each item can be produced for $. How many food items must be sold to break even?
Either,
A.) items
B.) items
C.) items
D.) items
Click here to see answer by Boreal(15235)

Question 1077176: A tiny food restaurant invests $4000 to create a new food that sells for $. Each item can be produced for $. Which system shows the cost and revenue functions for items produced and sold?
C = ; R = 2.15x
C = ; R = 3.5x
C = ; R = 3.5x - 4000x
C = ; R = 3.5x
Click here to see answer by jim_thompson5910(35256)

Question 1077234: A company producing and selling leather purses has fixed costs of $880 per week plus it costs the company $56 for each purse made. The company sells purses for $67 each. Find the number of purses the company must produce and sell to break even.
Click here to see answer by Boreal(15235)

Question 1077417: Jill and Bill are the same age. Jill inherits $20,000 when she is 25, and invests it in an account earning 5% annual interest rate, compounded annually. Bill receives a $20,000 bonus at age 35, and then invests it in an account which also earns a 5% annual interest rate, compounded annually. How much more money does Jill have than Bill at age 50?
Click here to see answer by josmiceli(19441)

Question 1077601: you buy computer for$ 150. the computers value decreased by 12.5 % each year.
write an exponential function for the value of the computer ?
to the nearst tenth of a year when the computer be worth $600?
to the nearst con, how much will the computer be worth in 10 years?
Click here to see answer by themasterofcircuits(27)

Question 1077603: you invest $10,000 in an account with 1.25% interest, compounded guarterly.Assume you dont touch the money or add money other than the earned interest.
write an equation that gives the amount of money after x year?
to the nearst cent, how much money will you have in the account after 10 years?
Click here to see answer by addingup(3677)

Question 1077583: Mia borrowed 5000 from her grandparents o pay college expenses.she pays them 125 each month an|d the simple interests at an annual rate of 5% on the remaining balances of the loan each year.how many year will it take her to pay the loan off?
Click here to see answer by Theo(13342)

Question 1077626: Susan sold a phone and made a profit of $100. Susan's commission is 10% of profit. How much does Susan get paid?
Click here to see answer by amfagge92(93)

Question 1077730: For his long distance phone service, Justin pays a $6 monthly fee plus 8 cents per minute. Last month, Justin's long distance bill was $12.16. For how many minutes was Justin billed?
Click here to see answer by ikleyn(52754)

Question 1077843: A computer sold for the price of $800 dollars in May. In June the computer was sold on sale for $680.50. What is the percent of change in price? (round to the nearest hundredth)
Click here to see answer by josmiceli(19441)

Question 1077856: A manufacturer at present has 2500 units of product in stock. The product is now selling at $4 per unit. Next month the unit price will increase by $0.50. The manufacturer wants the total revenue received from the sale of the 2500 units to be less than $10750. What is the maximum number of the units that can be sold this month?
Click here to see answer by FrankM(1040)

Question 1077892: A corporate executive took out a $25,000 loan at an 8.8% annual simple interest rate for 1 year. Find the maturity value of the loan.
Click here to see answer by jorel1380(3719)

Question 1077984: You decide to save $1,000 per year and invest it into a 10 year annuity that accrues 8.8% semiannually. What will your investment be worth in 10 years?
Click here to see answer by jorel1380(3719)

Question 1078054: I need help with this word problem: Matthew looked into his wallet and found $270 in $10 and $20 bills. If there was 6 more $10 bills than $20 bills, how many of each did he have?
Click here to see answer by Fombitz(32388)

Question 1078078: what can be used to determine selling price when selling price is unknown?
Click here to see answer by Fombitz(32388)

Question 1078097: Melissa had a balance of $104 in her checking account at the beginning of the month. She made one additional deposit of $216 and wrote checks for $78, $119, and $105. What was the balance in her checking account at the end of the month?
Click here to see answer by addingup(3677)

Question 1078090: Suppose you deposit $1500 in a savings account that pays interest at an annual rate of 6%. No money is added or withdrawn from the account. How many years will it take for the account to contain $2500?
Click here to see answer by Boreal(15235)

Question 1078087: how to solve this problem:
A class contributed $19.00 in quarters and dimes to the Red Cross. In all their 100 coins. How many were there of each card?
Click here to see answer by josmiceli(19441)

Question 1078003: If six balls were picked out of 61 balls what is the propability that u can grab the same six balls out?
Click here to see answer by Fombitz(32388)

Question 1078114: Sarah has $400 in her savings and has to pay $15 each month to her parents for her cell phone. Dave has $50 and is saving $20 each month from his job. How many months until Dave and Sarah have the same amount of money?
Click here to see answer by addingup(3677)

Question 1078069: Please help me solve this word problem:
Susie wants to set up a college fund for her daughter Mary. She calculates that Mary will need to withdraw $2,200 four times a year for the next four years. How much will Susie need to have in Mary's college fund if the fund pays 6%, compounded quarterly?
I have tried the annuity due and the ordinary annuity equations, but neither is giving me the correct answer.
Click here to see answer by jorel1380(3719)

Question 1078424: how long will it take you to triple an amount of $500 if you invest it at a rate of 6% compounded annually?
Click here to see answer by Boreal(15235)

Question 1078425: The population of a southern city follows the exponential law.
A) if N is the population of the city and t is the time in years, express N as a function of t
B) if the population doubled in size over an 18 month period and the current population is 10,000 what will the population be 2 years from now
Click here to see answer by Boreal(15235)

Question 1078538: the cost of tuition to the college of your choice for all 4 years is estimated to be $60,000 if your uncle wanted to pay your entire tuition by investion in an account that compounded annually at a rate of 4% for 18 years how much would he have had to intiqlly invest ?
Click here to see answer by Boreal(15235)

Question 1078556: Tracey�Long�has�$100�deducted�from�every�paycheck�for�retirement.�She�
can�have�this�deduction�taken�before�state�taxes�are�applied,�which�reduces�
her�taxable�income.�Her�state�income�tax�rate�is�4%.�If�Tracey�earns�$1500�
every�pay�period,�find�the�difference�in�her�net�income�if�she�has�the�
retirement�deduction�taken�before�or�after�taxes.
Click here to see answer by Boreal(15235)

Question 1078563: You have decided to purchase land costing $100,000 today and the finance terms require quarterly payments over 5.5 years at an interest rate of 16.33%. What is your quarterly payment?
Click here to see answer by Boreal(15235)

Question 1078610: Lucy went to a shop that was having a sale with 15% off the marked price of every item.
She bought a computer whose marked price was $1,800.
How much did Lucy pay for this computer?

Click here to see answer by LynnMomo(10)

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