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

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Question 1097996: Define all of your unknowns a
Click here to see answer by richwmiller(17219)

Question 1098122: You are a salesperson for Acme Toys. Every day you earn $30 plus two ninths of your sales. What dollar amount of sales do you need to earn $100
Click here to see answer by josgarithmetic(39613)

Question 1098125: The owner of a candy store wants to make a 50-pound mixture of two candies to sell for $4 per pound. If red licorice bits sell for $3.40 per pound and lemon gumdrops sell for $4.40 per pound, how many pounds of each should be used?
Click here to see answer by ikleyn(52748)

Question 1098131: Define all of your unknowns and use at least 2 distinct variables.
April has been saving her allowance for vacation. She believes she has a total of $107 consisting of only one-dollar bills, five-dollar bills, and ten-dollar bills. If she has twice as many five-dollar bills as ten-dollar bills and 3 less one-dollar bills than five-dollar bills, how many of each bill does April have?
Click here to see answer by josgarithmetic(39613)

Question 1098244: For one deposit of 2000 EUR in ProCredit Bank you will have 30 EUR interest for 4 months. Find the interest rate for one year.
Click here to see answer by jorel1380(3719)

Question 1098217: If you placed $1 into an account that paid interest at a rate of 9% and compounded the interest monthly, how much would that account be worth in 200 years? and 300 years?
Click here to see answer by yazimyne(8)

Question 1098300: At a basketball game, a vender sold a combined total of
176
sodas and hot dogs. The number of sodas sold was three times the number of hot dogs sold. Find the number of sodas and the number of hot dogs sold.

Click here to see answer by yazimyne(8)

Question 1098310: Dam borrowed $1850 from his brother who is charging 10% simple interest. If his brother pays him back in 18 months, how much does he have to pay back
Click here to see answer by ikleyn(52748)

Question 1098354: Haley invested $2,000.00 in a 36-month certificate of deposit (CD) that earned 7% annual simple interest. When the CD matured she rolled the entire amount into a mutual fund that had growth equivalent to 14% compounded annual. How much was the mutual fund worth after 9 years? Round your answer to 2 decimal places and separate the thousands by a comma.
Click here to see answer by Theo(13342)

Question 1098351: Matt and Anna have a new grandson. How much money should they invest now so that he will have $65,000 for his college education in 18 years? The money is invested at 7.05% compounded monthly. Round your answer to 2 decimal places and separate the thousands by a comma.
Click here to see answer by ankor@dixie-net.com(22740)

Question 1098432: I bought 150 magazines for 450 dollars. I sold half of them at a profit of 20%, 50 of them at a profit of 10%, and the rest at a loss of 4%.
a) How much did I receive from the sales?
b) find my gain percent, correct to the nearest percent.
Click here to see answer by ikleyn(52748)

Question 1098352: For her 3rd birthday Alice's parents invested $5,000.00 in a 13-year certificate for her that pays 7% compounded quarterly. How much is the certificate worth on Alice's 16 birthday? Round your answer to 2 decimal places and separate the thousands by a comma.
Click here to see answer by ankor@dixie-net.com(22740)

Question 1098433: A man started work on the first day of Jan 1995 and was paid 125 dollars per week for 25 weeks. He's been given RAISE OF 15 DOLLARS per week for the rest of the year. How much did he earn for that year?
(Take 1 year = 52 weeks)
Click here to see answer by richwmiller(17219)

Question 1098437: The yearly interest at 4 1/2% (fraction) on a certain sum of money was $36. Find the value of the yearly interest on the same amount at 6 1/4% (fraction).
Click here to see answer by josmiceli(19441)

Question 1098463: I subscribe to the Comic-of-the-Month Club. Each month I can buy any number of the 48 titles offered by the club. The ﬁrst month I bought ﬁve comics for $19.07. The second month I bought two comics for $8.72. The next month I bought six of the club offerings for $22.52. In May I bought three more for $12.17. The club charges a fee for each comic and a handling fee for the entire order. How much would it have cost to buy all 48 titles at the same time
Click here to see answer by josmiceli(19441)

Question 1098470: Sam recieved $1500 he gave his daugter 1/3 after that he put 2/5 in savings. He donated the rest how much did he donate?
Click here to see answer by ikleyn(52748)

Question 1098480: A loan of $50,000 is paid off by paying 6% reducible interest. Annual repayments of $6,000 are paid at the end of the year.
a. Determine the amount that is still owing at the end of the third year.
b. How much interest is paid altogether?
Thank you :)
Click here to see answer by Theo(13342)

Question 1098500: Steve�s daily allowance is one-half of his basic pay. After working for 12 days, he received $3,600. How much is his daily allowance and basic pay?
Click here to see answer by richwmiller(17219)

Question 1098656: If Jackson deposits $130 at the end of each month in a savings account earning interest at a rate of 8%/year compounded monthly, how much will he have on deposit in his savings account at the end of 4 yr, assuming he makes no withdrawals during that period?
Click here to see answer by jorel1380(3719)

Question 1098686: Find the rate of interest if $2250 amounts to $2790 in 4 years
Click here to see answer by Fombitz(32388)

Question 434949: What will be the future value in a year if $600 is invested at a rate of 15% compounded quarterly
Click here to see answer by amalm06(224)

Question 1098770: How long will it take money to triple at an APR of 6.4% compounded annually
Click here to see answer by josmiceli(19441)

Question 856199: If $240 is invested at an interest rate of 9% a year and is compounded monthly, how much will the investment be worth in 14 years?
Click here to see answer by amalm06(224)

Question 1098818: your goal is to create a college fund for your child, suppose you find a fund that offers an Apr of 6%. How much money should you deposit monthly to accumulate $85,000 in 17 years
Click here to see answer by Theo(13342)

Question 1098749: One person orders 2 eggs and 1 sausage patty and is charged $3.83 before tax, and the other person orders 2 sausage patties with 3 eggs which is a total of $6.46 before tax. How much are they charging per egg and sausage patty?
Click here to see answer by Fombitz(32388)

Question 1098846: Martha Goshaw wishes to place part of $12,000 into a savings account earning 8% simple interest and part of it into a savings account earning 7.25% simple interest. How much should she invest in each if she wishes to earn $900 in interest for the year.
Click here to see answer by Fombitz(32388)

Question 1098825: Money Problem.
Together, Victor and Tami Vargas earn $33,280 per year. Tami earns $4,160 more per year than Victor earns. How much do Victor and Tami each earn per year?
Click here to see answer by ikleyn(52748)

Question 1098709: 15. Nathan is considering selling a painting he inherited from his grandparents and which cost $200 when purchased 72 years ago. He accepted an offer for $22 000 for it recently. What is the annualized rate of return on this painting?

Click here to see answer by jorel1380(3719)

Question 1099038: If half of the dimes in the United States disappear every 37 years �
and are not replaced � how long will it take for the 4.2 billion dimes
minted last year to be virtually all gone?
Click here to see answer by Alan3354(69443)

Question 1099037: If you put $1000 into a savings account that bears 1.5% interest per
year, how long will it take that money to quadruple?
Click here to see answer by Boreal(15235)

Question 1099034: Loan term: 24, 36
Annual interest rates: 8.5%
Monthly payment: 24 months: 412.20
36 months: 287.25
How much Less total interest does Juan pay on the 24-month loan than on the 36-month loan
Click here to see answer by Boreal(15235)

Question 1099033: * Possibly solve using guess and check strategy?**
Click here to see answer by richwmiller(17219)

Question 1099097: To start a mobile dog-grooming service, a woman borrowed $1,500. If the loan was for 2 years and the amount of interest was $75, what simple interest rate was she charged?
Click here to see answer by Theo(13342)

Question 1099069: Mrs. Boyd has a desk full of quarters and nickels. She has a total of 19 coins that total $2.15 how many of each coin does she have?
Click here to see answer by Fombitz(32388)

Question 1099182: A couple just had a baby. How much should they invest now at 5.1% compounded daily in order to have $35,000 for the child's education 18 years from now? Compute the answer to the nearest dollar. (Assume a 365-day year.)

Click here to see answer by jorel1380(3719)

Question 1099178: Fred invests $15,000 into a bank account that offers 2.75%p.a simple interest. How long to the nearest month would Fred need to invest his money to have his money grow to $24,000?
Click here to see answer by jorel1380(3719)

Question 1099198: You are opening a gym with a pay per use business model. You want to charge $100 membership fee plus $4 per hour of gym time.
A) write an equation that gives the total membership cost, C as a function of x.
B)write a model that gives the average cost per hour, A as a function x.
Click here to see answer by jorel1380(3719)

Question 1099065: Marie borrowed $3500 on a one-year simple interest loan at 15% interest. The monthly payments were $300. Please help me find the amount of interest, the amount applied to the principal, and the new balance for the first monthly payment.
Click here to see answer by jorel1380(3719)

Question 1099048: An actor invests some money at 5%, and $22000 more than twice the amount at 11%. The total annual interest earned from the investment is $17540. How much did he invest at each amount? Use the six-step method.
Click here to see answer by jorel1380(3719)

Question 1098353: How much would you need to deposit in an account now in order to have $4000 in the account in 10 years? Assume the account earns 7% interest compounded monthly. Round your answer to 2 decimal places and separate the thousands by a comma.

Click here to see answer by jorel1380(3719)

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