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

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Question 1114410: mr. smith invests part of $8000 at 4% and the remainder at 6%. the annual effective rate on his total investment is 4.4%. find the amount invested at each rate.
Click here to see answer by ikleyn(52776)

Question 1114404: A local community theater sells adult tickets
x
for
$
20
and children's tickets
y
for
$
10
. For one evening performance of a popular musical, the theater sells out
350
and collects a revenue of
$
5250
. The system of equations for this situation is
{
x
+
y
=
350
20
x
+
10
y
=
5250

Click here to see answer by josgarithmetic(39616)

Question 1114371: Omar invested $500 at a rate of 8% in early 2018. In what year will his money double?
Click here to see answer by Fombitz(32388)

Question 1114395: Assume that an investment of $8000 earns an APR of 6% compounded monthly for 18 months.
How much money is in your account after 18 months? (Round your answer to the nearest cent.)
Click here to see answer by Fombitz(32388)

Question 1114439: when invested at an annual interest rate of 7.5 an account earned $217.50 of simple interest in one year. how much money was originally invested in the account?

Click here to see answer by stanbon(75887)

Question 1114470: suppose the APR on credit card is 18.25% if a card carries an average daily balance of $500.00 over one billing period of period of 30 days, what is the finance charge that period ? assume there are 365 days in a year.
Click here to see answer by stanbon(75887)

Question 1114469: The cherry tree in your front yard has grown from 5 ft last year to 8 ft this year. what is the percent change?
Click here to see answer by stanbon(75887)

Question 1114467: You see a TV set you like that has a list price of $850. suppose the sales tax is 9% how much do you have pay when you buy the TV set.
Click here to see answer by stanbon(75887)

Question 1114546: Find lim 2x3 − 5x.
x→−1

Click here to see answer by Alan3354(69443)

Question 1114546: Find lim 2x3 − 5x.
x→−1

Click here to see answer by ikleyn(52776)

Question 1114539: The will of an eccentric millionaire read as follows. �I leave 4/17 of my estate to my son, 7/13 of the remainder to my wife, 2/3 of this remainder to my daughter, and the remaining $2 million to my dog.� What was the total amount of the estate?
Click here to see answer by ikleyn(52776)

Question 1114549: A computer store manager buys several computers of the same model for $10,800. The store can regain this investment by selling all but 5 of the computers at a profit of $360 per computer. To do this, how many computers must be sold, and at what price?
______computers at $_____ per computer
Click here to see answer by stanbon(75887)

Question 1114559: A science club charters a bus to attend a science fair at a cost of $440. To lower the bus fare per person, the club invites nonmembers to go along. When 4 nonmembers join the trip, the fare per person is decreased by $1. How many people are going to the science fair?
Click here to see answer by josgarithmetic(39616)

Question 1114591:
Click here to see answer by Alan3354(69443)

Question 1114643: If a sales tax is increasing from 5% to 6% is it only increasing by 1% or is the sales tax going up by 20%?
Click here to see answer by Alan3354(69443)

Question 1114677: John wants to start saving for an apartment. On his 20th birthday, he starts depositing R500 per week into
a bank account with an annual interest rate of 8%, compounded weekly. He will continue to make these
weekly payments until the day of his 29th birthday. How much money will he have saved by then to finance
the purchase of an apartment?

Click here to see answer by Theo(13342)

Question 1114675: Joe made a deposit into an account that earns 6% simple interest after 3 years Joe had earn $400 how much was Joe inital deposit

Click here to see answer by ikleyn(52776)

Question 1114693: How much should be invested today in order to have a $18,000 balance 3 years from now if the investments pays 9% annual interest with interest compounded monthly?
Click here to see answer by Boreal(15235)

Question 1114692: Find the balance after 4 years of a $2000 investment at 6% annual rate with interest compound monthly
Click here to see answer by Boreal(15235)

Question 1114684: $1,860 at 8% for two years
Click here to see answer by Shin123(626)

Question 1114718: 300 hundred students from a high school took the ACT exam and sarah had the 12th highest score. What is sarahs percentile rank in the high school?
Click here to see answer by ikleyn(52776)

Question 1114701: 300 students from a high school took the ACT exam and Sarah had the 9th highest score. What is Sarah percentile rank in high school?
Click here to see answer by ikleyn(52776)

Question 1114727: A survey of 53 pet owners revealed that 25 own chickens, 21 owned pigs, 23 owned goats, 16 owned chickens and pigs, 12 owned chicken and goats, 10 owned pigs and goats and 7 owned all three.
A) How many owned chickens or goats, but not pigs?
B) How many owned none of the three pets?
Click here to see answer by stanbon(75887)

Question 1114716: How much should be invested today in order to have a $20,000 balance three years from now if the investment pays 8% annual interest with interest compounded annually?
Click here to see answer by rfer(16322)

Question 1114715: Find the balance after 6 years of a $3,000 investment at 4% annual rate with interest compounded monthly?
Click here to see answer by rfer(16322)

Question 1114715: Find the balance after 6 years of a $3,000 investment at 4% annual rate with interest compounded monthly?
Click here to see answer by ikleyn(52776)

Question 1114685: you are paying 11% interest on a credit card balance of $2000. Which of the following best estimates the interest you are paying each month?
Click here to see answer by rfer(16322)

Question 1114749: tina earned some money by working part time in tim hortons during her summer vacation. she spent $50 on books and gave 1/4 of the remaining money to her younger sister. she bought new shoes for half of the money she had left. after buying the shoes $75 remained. how much money did tina earn from her part time job
Click here to see answer by josgarithmetic(39616)

Question 1114795: The price of a CD is reduced by $4.50 if Juanita pays five dollars for the CD what was its original price
Click here to see answer by josgarithmetic(39616)

Question 1114760: A total of $2200 is invested, part at 5% and the rest at 3%. The annual income from the 3% account is $46 less than the income from the 5% account. Find the amount invested at 3%.
Click here to see answer by ikleyn(52776)

Question 1114755: Alvin has $760 less invested in 7% than he has at 5%. If his annual income from these two investments is $51.20, how much does he have invested at each rate?

Click here to see answer by ikleyn(52776)

Question 1114688: 300 students from a high school took the ACT exam and Sarah had the 9th highest score what is Sarah percentile rank in high school?
Click here to see answer by ikleyn(52776)

Question 1114687: 300 students from a high school took the ACT exam and Sarah had the 9th highest score what is Sarah percentile rank in high school?
Click here to see answer by ikleyn(52776)

Question 1114871: Sara Sharp, a 30-year-old insurance broker, decided to start a retirement plan. She figures that her income for the next 20 years will be sufficient to deposit $300 at the end of each month into her retirement plan. She will then let the money sit for another 10 years until she is 60 years old. If Sarah�s retirement plan earns 5.75% compounded monthly, what amount will she have when she turns 60? and How much interest did she accumulate on her money over the 30 years?
Click here to see answer by addingup(3677)

Question 1114870: Tori Chang has three chores to finish over the coming weekend: planting flowers, cleaning the house, and babysitting her neighbor�s toddler. She has 20 hours to allow for these activities. She decides to spend three times as much time babysitting as cleaning and 1 hour less planting flowers as babysitting. Find how much time can be spent doing each activity.
a) babysitting
b) cleaning
c) planting flowers
Click here to see answer by josgarithmetic(39616)

Question 1114966: jill wants to save to buy a car she has a choice between two different banks . one bank is offering a simple interest rate of 4.5% and the other is offering a rate of 4.5% compounded annually. Which is the better deal ?
Click here to see answer by Theo(13342)

Question 1114753: The value ($V) of a car after n years is given by where is the initial value of the car and R is the annual percentage rate of depreciation. A car bought 3 years ago for $15000 was sold for $9000. Calculate the annual rate of depreciation of this car, giving your answer to the nearest whole form.
Click here to see answer by Fombitz(32388)

Question 1114989: Consider the amortisation of Sam�s loan in question 16 above.
What will the outstanding amount on Sam�s loan be after 3 years� minimum payments have been made?
Assume the interest rate stayed fixed for the whole period.
Click here to see answer by Fombitz(32388)

Question 1115056: A sum of $2000 is invested at an annual interest rate of 5%, compounded monthly. Find the balance in the account after 6 years. (Round your answer to the nearest cent.)
Click here to see answer by rfer(16322)

Question 1115055: A savings account with $2250 has an interest rate of 5%. If the interest is compounded annually, how much will be in the account after two years?
Click here to see answer by rfer(16322)

Question 1115067: Amanda's company matches whatever Amanda deposits into her retirement account every month up to 5% percent of her monthly pay. If Amanda contributes 10% of her salary of $2,600.00 every month, which of the following equations shows the total amount of monthly deposits, R, as a function of time, T, in months?
A) R= 520T
B) R= 648T
C) R= 390T
D) R= 288T

Click here to see answer by stanbon(75887)

Question 1115102: Suppose you invest $50 a month in an annuity that earns 48% APR compounded monthly. How much money will you have in this account after 2 years?
Click here to see answer by addingup(3677)

Question 1115038: how much can lerato borrow from a bank if she can repay the loan by means of quarterly payments of R2000, starting at the end of the first quarter? the interest rate is 18% per annum, compounded quarterly and the duration of the loan is 10 years
Click here to see answer by addingup(3677)

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