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

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Question 1103350: The drama club is spending $224 to put on a play. They plan to sell tickets at $3.00 each. If they sell n tickets, which of the following represents their profit after expenses?
Click here to see answer by Theo(13342)

Question 1103296: 3. The Peterson�s paid for many years on a $60,000 mortgage with a term of 30 years and a 4.5% interest rate. Prepare an amortization schedule for the first 2 months of their mortgage.
Click here to see answer by Theo(13342)

Question 1103553: Deshaun invested his savings in two investment funds. The amount he invested in Fund A was 3 times as much as the amount he invested in Fund B. Fund A returned a 5% profit and Fund B returned a 8% profit. How much did he invest in Fund B, if the total profit from the two funds together was $1610?
Click here to see answer by richwmiller(17219)

Question 1103655: Help! My friend let me borrow their notes and I don't know how he got these answers because they didn't show their work! Could someone please help me? *The answers are correct btw.
Click here to see answer by richwmiller(17219)

Question 1103726: Arsing invested a certain amount at 8% and twice that amount at 10%. If the investment would yield an annual income of PhP16,500.00, how much did he invest in each
Click here to see answer by ikleyn(52756)

Question 1103774: Liza deposits some money at 2% interest. with twice as much deposited at 4%. Find the amount deposited at each rate if the total annual interest income is 1200
Click here to see answer by Boreal(15235)

Question 1103814:
How long (in years and months) will it take for an investment to double at
9
9% compounded monthly?
Click here to see answer by greenestamps(13195)

Question 1103757: You want to be able to withdraw $40,000 from your account each year for 25 years after you retire. If you expect to retire in 15 years and your account earns 6.6% interest while saving for retirement and 5.6% interest while retired:
Round your answers to the nearest cent as needed.
a) How much will you need to have when you retire?
$
b) How much will you need to deposit each month until retirement to achieve your retirement goals?
$
c) How much did you deposit into you retirement account?
$
d) How much did you receive in payments during retirement?
$
e) How much of the money you received was interest?
Click here to see answer by greenestamps(13195)

Question 1103887: How many pounds of peanuts that sell for $1.8 per pound should be mixed with cashews that sell for $4.5 per pound so that a 10-lb mixture is obtained that will sell for $2.61 per pound?
Click here to see answer by josgarithmetic(39614)

Question 1103899: Taylor deposits $3,500 at the end of year 1, $4,000 at the end of year 3 and $2,500 at the end of year 5. If interest is 6.2% compounded monthly, determine the value at the end of year 7
Click here to see answer by Boreal(15235)

Question 1103947: you have $500 dollars in saving account. One year from now, you have $625 in that savings account. Write an equation that models the situation. How many years until you have $1,000.
Click here to see answer by addingup(3677)

Question 1103963: Mercy invested part of her money at 8% per year and twice amount at 5% per year. If the return last year in the two investment was 4200 how much did mercy invest at each rate
Click here to see answer by Theo(13342)

Question 1103997: Kimberly bought 90 stamps in denominations of 41 cents, 58 cents and 75 cents. To test her daughter, who is taking an algebra class, she said that she bought three times as many 41 cent stamps as 58 cent stamps and that the total cost of the stamps was $43.70. How many stamps of each denomination did she buy?
Click here to see answer by ankor@dixie-net.com(22740)

Question 1104080: The amount of money a broker invested in bonds was double of what she invested in a mutual fund. After 1 year, the interest from the bonds was 10% and interest from the mutual fund was 8%. If she earned a total interest of $650, how much was each of her investments?
Click here to see answer by richwmiller(17219)

Question 1104121: In how many ways can you unfriend 5 of your 60 virtual friends?
Click here to see answer by Boreal(15235)

Question 1104121: In how many ways can you unfriend 5 of your 60 virtual friends?
Click here to see answer by josmiceli(19441)

Question 1104124: you have to pass a math course, a foreign language course and a social science course in order to obtain your degree . If there are 3 math courses, 4 foreign language courses and 2 social science courses to choose from, in how many ways can you choose your 3 required courses?
Click here to see answer by math_helper(2461)

Question 1104125: suppose the odds against an event are 5:2
a}what are the odds in favor of the event?
b} what is the probabilty of the event?
Click here to see answer by Theo(13342)

Question 1104136: a rectangle has length of 6 inches and width 3 inches . How long in diagonal?
Click here to see answer by josgarithmetic(39614)

Question 1104127: you owned an organic food store last year. In 7 of the 12 months you made $50,000/month, in 3 of the 12 months you lost $40,000/month, and in 2 of the 12 months even. What was your average monthly porfit?
Click here to see answer by josgarithmetic(39614)

Question 1104139: ``you owned an organic food store last year. In 7 of the 12 months you made $50,000/month, in 3 of the 12 months you lost $40,000/month, and in 2 of the 12 months even. What was your average monthly profit?''
Click here to see answer by josgarithmetic(39614)

Question 1103992: b. If Tyler deposits $1500 of the $3200 he has earned in an account that pays 4% simple interest, how much will he have after 5 years? Show all work.

Click here to see answer by math_helper(2461)

Question 1104140: In how many ways can the new president choose a secretary of defense, offense , and a secretary on the fence from a pool of 12 candidates?
Click here to see answer by josmiceli(19441)

Question 1104132: In how many ways can the new president c
Click here to see answer by richwmiller(17219)

Question 1104161: Fred invested $4000 at a simple interest rate of 5.75%. What is the total value of his investment after one year?
Click here to see answer by ikleyn(52756)

Question 1104172: An amount of money is to be divided to 3 people; Justin, Mark and Angela. Angela's money is half of Justin's money and Mark's money is 10 more than Angela's money. If the money is given, how much will each person get?
Click here to see answer by greenestamps(13195)

Question 1104168: Dinner (plus tax and tip) costs $93-60. The tax rate is 5% and Mr. Simmons left a 15% tip. Both tax and tip are calculated on the base amount of the check, what was the base amount of Mr. Simmon's bill?
Click here to see answer by josgarithmetic(39614)

Question 1104146: there are 17 chocolates in a box, all identically shaped . There are 3 filled with nuts, 8 with caramel and 6 are solid chocolate. You randomly select one piece, eat it and then select a second piece. Find the probability of selecting 2 solid chocolates in a row?
Click here to see answer by KMST(5328)

Question 1104177: How long (in years) would $600 have to be invested at 11.2%, compounded continuously, to earn $400 interest? (Round your answer to the nearest whole number.)
Click here to see answer by ankor@dixie-net.com(22740)

Question 1104202: If sarah makes $1350 every 2 weeks and plans to set aside 8.5% of her monthly budget for savibgs, how much is she planning to save per month
Click here to see answer by Boreal(15235)

Question 1103908: Question 1 (1 point)
�
A bank offers a four-year "Escalating Rate GIC" on which the interest rate for year one is 3% compounded annually, 4% compounded annually for year two, 5% compounded annually for the third year and 6% compounded annually for the fourth year. Determine the maturity value of a $100,000 four-year "Escalating Rate GIC
Click here to see answer by Theo(13342)

Question 1104275: A sales clerk receives a monthly salary of $⁢700 plus a commission of 5% on all sales over $⁢4000. What did the clerk earn the month that he sold $⁢11,800 in merchandise?
Click here to see answer by stanbon(75887)

Question 1104295: Jason received a loan of $9,000 at 6.75% compounded quarterly. He had to make payments at the end of every quarter for a period of 1 year to settle the loan
Calcu.ate the size of payments?
Click here to see answer by Theo(13342)

Question 1104392: Allison invests a total of $20,000 in two accounts, one paying 5% and the
other paying 8% simple interest per year. Her annual interest is $1180. How much did she invest at each rate?
Click here to see answer by addingup(3677)

Question 1104385: Maria has a savings account that is earning simple interest. If she started with $200 in the account and has earned a total of $8 in interest in two years, what is the rate of the account? Use the formula .

Click here to see answer by jorel1380(3719)

Question 1104362: Find the future value.
$3253 invested for 9 years at 4% compounded annually.
I have tried this and I can't seem to be able to get this correct. Could you please show me how to get to the answer. Thanks
Click here to see answer by jorel1380(3719)

Question 1104331: CelebNav, Inc. had sales last year of $565,000, and the analysts are predicting a good year for the start-up, with sales growing 21 percent a year for the next three years. After that, the sales should grow 13 percent per year for two years, at which time the owners are planning to sell the company. What are the projected sales for the last year before the sale?
Click here to see answer by jorel1380(3719)

Question 1104472: Part of a $8, 000 inheritance was invested at 10% interest and the rest was in- vested at 12% interest. If the annual income from these investments is $810 , how much was invested at each rate?
Click here to see answer by stanbon(75887)

Question 1104494: There are twenty coins consisting of dimes and quarters. If the dimes were quarters and the quarters were dimes, he would have 90 cents more than what he has now. Has many dimes and quarters does he have?
Click here to see answer by ikleyn(52756)

Question 1104489: You open your bank account on April 16 with a tax refund check of $145.00.
You pay SellUPhone $65.34 on April 18. (Check 794)
You deposit your paycheck on April 23. ($9.76/hour for 35 hours)
You buy $61.32 (4% sales tax not included) in clothes from BargainsRUs on April 24 using your debit card.
Be sure to include in your response:
the steps you followed to complete your computations
the balance as of April 24
the process for entering the transaction in the registry

Click here to see answer by josgarithmetic(39614)

Question 1104430: you put 1500 in a simple interest savings account two years later the total account balance is 1665 what is the interest rate of the savings account

Click here to see answer by josgarithmetic(39614)

Question 1104572: Peter must pay $ 7000 every month in school. this month he didn�t pay on time and he has to pay 15% extra. how much does he have to pay?
Click here to see answer by Boreal(15235)

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