Tutors Answer Your Questions about Money Word Problems (FREE)
Question 1119751: Emily needs to purchase a new air conditioner for the office. Model 1600A costs $950 to purchase and $32 per month to operate. Model 6070B, a more efficient unit, costs $1275 to purchase and $22 per month to operate.
a) After how many months will the total cost of both units be equal?
b) Which model will be the more cost effective if the life of both units is guaranteed for 10
years?
Click here to see answer by Alan3354(69443)  |
Question 1119732: Emily needs to purchase a new air conditioner for the office. Model 1600A costs $950 to purchase and $32 per month to operate. Model 6070B, a more efficient unit, costs $1275 to purchase and $22 per month to operate.
a) After how many months will the total cost of both units be equal?
b) Which model will be the more cost effective if the life of both units is guaranteed for 10
years?
Click here to see answer by Alan3354(69443)  |
Question 1119863: The average monthly expenses of a family with one child is 10,000. An additional child means an increase of 3,000 in the the monthly expenses. How does this relation change with the increase of the number of children?
Click here to see answer by Theo(13342)  |
Question 1120055: Use graphical approximation techniques or an equation solver to approximate the desired interest rate. A person makes annual payments of $ 1000 into an ordinary annuity. At the end of 5 years, the amount in the annuity is $ 5703.88. What annual nominal compounding rate has this annuity earned?
Click here to see answer by Boreal(15235)  |
Question 1120055: Use graphical approximation techniques or an equation solver to approximate the desired interest rate. A person makes annual payments of $ 1000 into an ordinary annuity. At the end of 5 years, the amount in the annuity is $ 5703.88. What annual nominal compounding rate has this annuity earned?
Click here to see answer by ankor@dixie-net.com(22740)  |
Question 1120235: A broker brought stocks in two companies for a total investment of $44,000. When he sold them, he gained 12% on the first company and lost 10% on the second company for a total profit of $2200. How much did he invest in each company?
Click here to see answer by ikleyn(52787)  |
Question 1120246: last year Rita opened an investment account with 5500. At the end of the year the amount in the account has decreased by 22%. How much is this decrease in dollars? How much money was in her account at the end of last year?
Click here to see answer by Shin123(626)  |
Question 1120708: A coincoin sold for $239 in 1980 and was sold again in 1987 for $443. Assume that the growth in the value V of the collector's item was exponential.
a) Find the value k of the exponential growth rate. Assume Vsubscript o=239.
k=?
(Round to the nearest thousandth.)
b) Find the exponential growth function in terms of t, where t is the number of years since 1980.
V(t)=?
c) Estimate the value of the coincoin in 2015.
$=?
(Round to the nearest dollar.)
d) What is the doubling time for the value of the coincoin to the nearest tenth of a year?
yrs=?
(Round to the nearest tenth.)
e) Find the amount of time after which the value of the coincoin will be $5729.
yrs=?
(Round to the nearest tenth.)
Click here to see answer by stanbon(75887) |
Question 1120923: Juan invests a total of $26,000 in two accounts paying 13% and 15% annual interest, respectively. How much was invested in each account, if after one year, the total interest was 3,710.00. ______was invested at 13% and_____ was invested at 15%
Click here to see answer by josmiceli(19441)  |
Question 1120966: A student plans to spend ₦200 on p notebooks. But the price of the notebooks had increased by ₦10. As a result, the number of notebooks the student could buy was reduced by 1. Find the price of each notebook before the increase.
Click here to see answer by ikleyn(52787)  |
Question 1120972: A student plans to spend ¢200 on p notebooks. But the price of the notebooks had increased by ¢10. As a result, the number of notebooks the student could buy was reduced by 1. Find the price of each notebook before the increase.
Click here to see answer by ikleyn(52787)  |
Question 1120967: A student plans to spend ¢200 on p notebooks. But the price of the notebooks had increased by ¢10. As a result, the number of notebooks the student could buy was reduced by 1. Find the price of each notebook before the increase.
Click here to see answer by ikleyn(52787)  |
Question 1120967: A student plans to spend ¢200 on p notebooks. But the price of the notebooks had increased by ¢10. As a result, the number of notebooks the student could buy was reduced by 1. Find the price of each notebook before the increase.
Click here to see answer by Theo(13342)  |
Question 1121004: A theater group made appearances in two cities. The hotel charge before tax in the second city was $1500 lower than in the first. The tax in the first city was 3.5%, and the tax in the second city was 3%. The total hotel tax paid for the two cities was $263.75. How much was the hotel charge in each city before tax?
Click here to see answer by solver91311(24713)  |
Question 1121029:
I need help please.
For a fundraising project, your Math Club is publishing an art calendar. The cost of the digital images and the permission to use it is P34, 000.00. In addition to these “one-time” charges, the unit cost of printing each calendar is P130.
a. Write a model that gives the average cost per calendar as a function of the number of calendars to be printed.
b. Graph the model manually or by using a graphing software or an online graphing tool and use the graph to estimate the number of calendars you need to print before the average cost drops to P200 per calendar.
c. Describe what happens to the average cost as the number of calendars printed increases.
Click here to see answer by Alex.33(110)  |
Question 1121113: The question is:
The total cost (In dollars) for a company to manufacture and sell x items per week is C=60x + 800. Whereas the revenue brought in by selling all items is R=115x - 0.5x^2. How many items must be sold to obtain a weekly profit of $400?
Click here to see answer by solver91311(24713)  |
Question 1121176: each year a student uses the interest earned a two separate investment to help pay for college cost. the annual interest rates are 11% and 13%. of the total amount interest is 15,200 and the total interest earned per year is 1,840, how much is invested at 11% rate?
Click here to see answer by ikleyn(52787)  |
Question 1121176: each year a student uses the interest earned a two separate investment to help pay for college cost. the annual interest rates are 11% and 13%. of the total amount interest is 15,200 and the total interest earned per year is 1,840, how much is invested at 11% rate?
Click here to see answer by josgarithmetic(39617) |
Question 1121180: How would I go about solving this question?
A construction company pays $12,000 for a truck. The truck depreciates at a constant rate of 20% yearly. How long will it take for the truck to be worth $7200.
Thanks in advance.
Click here to see answer by Boreal(15235)  |
Question 1121288: You found your dream house. It costs $487000, and you put $50000 as a down payment. For the rest you get a 28-year 5% mortgage (with first payment due in one month). What will be your monthly mortgage payment? (Assume no early repayment.)
Click here to see answer by Theo(13342)  |
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