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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 1082516: A motel rents double rooms at $34 per day and single rooms at $25 per day. If 30 rooms were rented one day for a total of $921, how many rooms of each kind were rented?
Click here to see answer by ikleyn(52748)

Question 1082520: Jerry goes to the bank and borrows $9000 for farm equipment. The simple yearly interest is 9.5% and he pays off the loan over a 2 year period with 24 equal monthly payments. What is Jerry's monthly payment?
A. 375.00
B. 410.63
C. 446.25
D. 892.50
Click here to see answer by Theo(13342)

Question 1082619: A box contains $6.75 in nickels, dimes,and quarters. There are 40 coins in all, and the sum of the numbers of nickels and dimes is 2 less than the number of quarters. How many coins of each kind are there?
Click here to see answer by ankor@dixie-net.com(22740)

Question 1082656: karen has $2000 in two banks one is earning 6% while the other is earning 3% if karen makes $84 profit by end of the year how much did she invest one each account
Click here to see answer by addingup(3677)

Question 1082868: Erwin invested $120,000 in stocks and bonds. If he made a 20% profit on his stocks and a 5% profit on his bonds, and the combined profit was $10,500, how much did Erwin invest in stocks?
Click here to see answer by Boreal(15235)

Question 1082863: Which of these options for saving money typically offers the least liquidity?

A. Money market account
B. Savings account
C. Savings bond
D. Certificate of deposit
Click here to see answer by Boreal(15235)

Question 1082767: A salesman bought two cars for $10,000 each. He sells both of them, and makes a profit of 12% on the first car and loses 2% on the second car. Overall, did he make a profit or a loss and by how much?
Click here to see answer by Edwin McCravy(20054)

Question 1082964: Peter borrowed php 15,000 from the bank at the rate of 12% per annum. How much will he owe the bank after 18 months?
Click here to see answer by Boreal(15235)

Question 1083041: you invest $4000 today in a 5yr certificate of deposit at 4% what is the maturity worth?

Click here to see answer by addingup(3677)

Question 1083034: Nina and Tom would like to purchase a new home, but they are not sure if they can afford the $2420/month mortgage payment. A finance company is willing to finance the purchase at 7% and 30-year term. What is the amount of money they are considering borrowing?
Click here to see answer by addingup(3677)

Question 1083134: Al thinks he will buy his boat this year. If he can afford a loan of $400 per month and the bank charges 5.1% / a compounded monthly. Al wishes to pay off his boat loan in 4 years. How much could he borrow now?
Click here to see answer by addingup(3677)

Question 1083133: al wishes to save for a boat in 4 years. if he can invest $430 each month into an account earning 7.2%/ compounded monthly. how much could he spend on a boat after 4 years?
Click here to see answer by addingup(3677)

Question 1083195: The principal is 5,700
Term is 60 days
Interest $95
What would the interest rate be.
Click here to see answer by Boreal(15235)

Question 1083254: I withdrew 1/10 of my bank account. I have 80 dollars left. How much money did I originally have?
How do I set up this problem?
Click here to see answer by MathLover1(20849)

Question 1083254: I withdrew 1/10 of my bank account. I have 80 dollars left. How much money did I originally have?
How do I set up this problem?
Click here to see answer by jorel1380(3719)

Question 1083385: How much money must be deposited today to become $1500 in 40 years at 6.5% compounded continously?
The deposit must be $____
Click here to see answer by Alan3354(69443)

Question 1083594: Walmart sells thermometers ($4) and hot-water bottles ($3). In December, Walmart�s total sales were $1,012. Customers bought 2 times as many thermometers as hot-water bottles. How many of each did Walmart sell?
Click here to see answer by Boreal(15235)

Question 1083658: kris Jason and liz received a total of 250 from mrs.Lawrence. they play a series of rock-paper-scissors to figure out how much each would get. kris get $20 less than twice what Jason will get. liz gets $30 less than tree times what Jason will get. how much will each person get.
Click here to see answer by Boreal(15235)

Question 1083781: A new car has a list price of $24,500. Suppose that the dealer markup on this car is 5%. What is the dealer's cost?
Click here to see answer by rfer(16322)

Question 1083849: there is $80 in my bank account i deposit $7 from my allowance and $25 from my check how many weeks will it take me to have $205

Click here to see answer by ikleyn(52748)

Question 1083788: The formula A = P(1+r)^t can be used to relate the future value A of a deposit of P dollars in an account that earns an annual interest rate r (expressed as a decimal) after t years.
a. Solve the formula for P.
b. How much would you have to deposit today in order to have $5000 in 5 years in a bank account that pays 5% annual interest?
Click here to see answer by Boreal(15235)

Question 1083868: Maria spends $12 on lottery tickets every week and spends $130 per month on food.
On an annual basis, the money spent on lottery tickets is
what percentage of the money spent to buy food.
Click here to see answer by Boreal(15235)

Question 1083946: Jakki got a new job that guarantees her a 6% raise every year. If she started out making $40,000, how many years will it be before she doubles her current salary?
Click here to see answer by Fombitz(32388)

Question 1083955: Sam invested $2100, part of it at 6% and the rest at 8% yearly interest. The yearly income on the 8% investment was $28 more than twice the income from the 6% investment. How much did he invest at each rate?
Click here to see answer by Fombitz(32388)

Question 1084136: The average salary for physical therapist is $3,500.00 lower than three times the average salary for fry cooks. Combined, the average salaries are $74,60. Determine the average salary for physical therapist.
Click here to see answer by ikleyn(52748)

Question 1084194: Abram's home town had a polupation of 10280 people in 1997. and the town is losing people at a rate of 3.25% per year. Abram was born in 2012. What will the population of the town be when he graduates high school at 18 years old? (Assume the change of the population remains at 3.25% throughout the years, round your answer to the nearest whole number.)
Click here to see answer by josmiceli(19441)

Question 1084192: How many $ in 5 lbs of dimes? Thank you
Click here to see answer by Fombitz(32388)

Question 1084192: How many $ in 5 lbs of dimes? Thank you
Click here to see answer by ikleyn(52748)

Question 1084193: When Naomi was born, her parents invested $1000 in a fixed rate savings account at a rate of 7% compounded monthly. Naomi will receive when she turns 18 to help with her college expenses. What amount of money will she receive. Round your answer to the nearest dollar.
Click here to see answer by Boreal(15235)

Question 1084135: You invested $10,000 in two funds paying 4% and 5% annual interest. At the end of year one, the interest from the 5% investment exceeded the interest from the 4% investment by $140. How much money was invested at 5%?
Click here to see answer by addingup(3677)

Question 1084057: Suppose a college student pays $1200 for tuition fees. However, she also has to pay $250 for her textbooks (ouch!). What percent of her total education costs does she pay for her books?

Click here to see answer by ankor@dixie-net.com(22740)

Question 1084391: Find the exact interest. Use 365 days in a year, and use the exact number of days in a month. Round to the nearest cent, if necessary.
$2340 at 5.5% for 189 days
Click here to see answer by Alan3354(69443)

Question 1084687: mary earned $48000 from royalties on her book.she paid a 28% income tax on the royalties.she invested $15000 at one rate and the balance at a rate that was 1% lower,earning $1878 annual interest on the two investments. what was the higher interest rate?
Click here to see answer by Boreal(15235)

Question 1084682: A person has 30% of his gross salary deducted as income tax. How much does he earn?

Click here to see answer by Boreal(15235)

Question 1084681: A person has 15% of his gross salary deducted as income tax. How much does he earn?

Click here to see answer by rfer(16322)

Question 1084678: A coffee company wants a new flavor of Cajun coffee. How many pounds fo coffee worth 10 a pound should be added to 30 pounds of coffee worth 4 a pound to get a mixture worth 5 a pound?
Click here to see answer by Boreal(15235)

Question 1084709: A second hand car dealer offers a discount of 15% on aa car priced R95,00.How much will someone have to pay you the car

Click here to see answer by Fombitz(32388)

Question 1084645: fred invests �300 for 4 years at 3% write the calculation

Click here to see answer by Fombitz(32388)

Question 1084723: davis earned four times as much as mitchell. togther they earned a total of $120. how much did david earn .
can u tell me how to set this question up. and how to do times
Click here to see answer by jorel1380(3719)

Question 1084755: how many quarts of pure antifreeze must be added to 40 quarts of a 25% antifreeze solution in order to obtain a 60% antifreeze solution (round to the nearest tenth as needed)
Click here to see answer by josgarithmetic(39613)

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