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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 1129003: Suppose Karen has $1000 that she invests in an account that pays 3.5% interest compounded quarterly. How much money does Karen have at the end of 5 years?
Click here to see answer by rothauserc(4718)

Question 1129036: 6) John put $1,200 in a savings account. The account earns 3.5% simple interest. At the end of 5 years, John figures he will have earned about $90 in interest.

Click here to see answer by ikleyn(52781)

Question 1129285: A farmer can buy two types of plant food, mix A and mix B. Each cubic yard of mix A contains 20 pounds of phosphoric acid, 30 pounds of nitrogen, and 5 pounds of potash. Each cubic yard of mix B contains 10 pounds of phosphoric acid, 30 pounds of nitrogen, and 10 pounds of potash. The minimum monthly requirements are 400 pounds of phosphoric acid, 990 pounds of nitrogen, and 210 pounds of potash. If mix A costs $20 per cubic yard and mix B costs $40 per cubic yard, how many cubic yards of each mix should the farmer blend to meet the minimum monthly requirements at a minimum cost? What is this cost?

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

Question 1129403: Sally works at Walmart and babysits. She earns $13/hr. at Walmart and $10/hr. babysitting. She worked a total of 30 hours last week, of which she spent "x" hours babysitting. Which is the simplified equation that represents the relationship between her earnings, "y", in dollars and the number of hours she spent working last week? Write in Slope-Intercept Form
Click here to see answer by stanbon(75887)

Question 1129407: Christine deposited $4000 into an account with 5%
interest, compounded quarterly. Assuming that no withdrawals are made, how much will she have in the account after 9 years?
Do not round any intermediate computations, and round your answer to the nearest cent.
Click here to see answer by addingup(3677)

Question 1129420: Mark and Heather starr are celebrating thier 25th anniversary by a reception at a local reception hall. They have budgeted $4,000 for thier reception. If the reception hall charges a $80 cleanup fee plus $36 per person. Find the greatest number of people that they may invite and still stay with in thier budget?
Click here to see answer by ikleyn(52781)

Question 1129423: Part of the proceeds from a garage sale was $265 worth of $5 and $20 bills. If there were 3 more $5 bills than $20 bills. Find the number of each denomination
There were ? $5 bills and ? $20 bills
Click here to see answer by ikleyn(52781)

Question 1129317: Michelle Payne deposited $7,800 in a savings account paying 7.00% simple interest. How long will it take for her investment to amount to $10,400?

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

Question 1129443: Your rich uncle just gave you a gift of $40,000. You are investing this money for 15 years at 7 percent simple interest. How much money will you have at the end of the 15 years?
Click here to see answer by Boreal(15235)

Question 1129445: Today, you deposit $3,400 in a bank account that pays 5 percent simple interest. How much interest will you earn over the next 5 years?
Click here to see answer by Boreal(15235)

Question 1129427: Susan maraiano invested part of her $35,000 bonus in a fund that paid a 10% profit and invested the rest in stock that suffered a 3% loss. Find the amount of each investment if her overall net profit was $2,330.
The amount invested at 10% is $ ?
The amount invested in stock is $ ?

Click here to see answer by Boreal(15235)

Question 1129460: An actor invested some money at 7% simple interest, and $26 comma 000 more than four times the amount at 10 %. The total annual interest earned from the investment was $37 comma 850. How much did he invest at each amount?
Click here to see answer by ikleyn(52781)

Question 1129468: An actor invested some money at 6% simple interest, and $44,000 more than four times the amount at 12 %. The total annual interest earned from the investment was $50,640. How much did he invest at each amount?
Click here to see answer by Boreal(15235)

Question 1129599: If the net price of a TV is $900 and the trade discount rate is 40%, then the list price is
A. $1,500.
B. $1,260.
C. $2,250.
D. $3,600.

Click here to see answer by MathLover1(20849)

Question 1129598: Given an interest of $11,900 at 6% for 50 days (ordinary interest), calculate the principal.
A. $1,428,571.40
B. $1,420.70
C. $1,487,500.00
D. $1,428,005.70
Need the right steps
Click here to see answer by MathLover1(20849)

Question 1129597: A local clothing boutique is selling a suit for $99. Because of changing styles, the first markdown was 8% and the second markdown was 25%. The suit still didn't sell, so a final markdown of 10% was taken.
What's the current sale price?
A. $86.31
B. $61.48
C. $61.84
D. $68.31
Need steps please
Click here to see answer by MathLover1(20849)

Question 1129596: Rene Rodrigues vacationed in Mexico and spent 9,200 pesos. What would this be in U.S. dollars? (Round to the nearest cent. Use the Currency Conversion chart in the textbook.
A. $576.80
B. $657.73
C. $757.80
D. $857.80
I have been going insane i need to understand how they want this answered.
Click here to see answer by MathLover1(20849)

Question 1129595: Steve and Bart sell cars for KC Complete Auto. Over the past year, they sold 640 cars. Assuming Steve sells 3 times as many as Bart, how many cars did Steve sell?
A. 480
B. 180
C. 160
D. 500
A break down and verbal explanation would help a lot.
Click here to see answer by MathLover1(20849)

Question 1129636: At what rate must php 60,000 be invested to earn php 3,600 in 120 days.
Click here to see answer by Alan3354(69443)

Question 1129636: At what rate must php 60,000 be invested to earn php 3,600 in 120 days.
Click here to see answer by Edwin McCravy(20055)

Question 1129670: A bike road race starts at an elevation on 990 ft and passes through 5 stages where the elevation changes by -325 ft,-239 ft, 40 ft, -15 ft and -340 ft. At wat elevation does the race end?
Click here to see answer by ikleyn(52781)

Question 1129648: If 129 people attend a concert and tickets for adults cost $3.5 while tickets for children cost $3.25 and total receipts for the concert was $439, how many of each went to the concert?
Adults-
Kids-
Click here to see answer by ikleyn(52781)

Question 1129649: Skyler invests $4700 in two different accounts. The first account paid 5 %, the second account paid 6 % in interest. At the end of the first year he had earned $271 in interest. How much was in each account?
5%-
6%-
Click here to see answer by Boreal(15235)

Question 1129650: Amy invests $1500 in one account and $1900 in an account paying 3 % higher interest. At the end of one year she had earned $261 in interest. At what rates did she invest?
1500 invested at -
1900 invested at-
Click here to see answer by Boreal(15235)

Question 1129306: A farmer can buy two types of plant food, mix A and mix B. Each cubic yard of mix A contains 20 pounds of phosphoric acid, 30 pounds of nitrogen, and 5 pounds of potash. Each cubic yard of mix B contains 10 pounds of phosphoric acid, 30 pounds of nitrogen, and 10 pounds of potash. The minimum monthly requirements are 400 pounds of phosphoric acid, 930 pounds of nitrogen, and 200 pounds of potash. If mix A costs $30 per cubic yard and mix B costs $40 per cubic yard, how many cubic yards of each mix should the farmer blend to meet the minimum monthly requirements at a minimum cost? What is this cost?
Click here to see answer by ikleyn(52781)

Question 1129695: Tina, the owner of a home and garden store, lends $8,000 to Lana to help her open an art shop. Lana plans to repay Tina at the end of eight years with interest compounded semiannually at 8%.
Click here to see answer by stanbon(75887)

Question 1129229: micheal received $275 more from relatives than friends. he receives $4275 dollars in all, how much more money did he recieve from relatives and how much dis he receive from friends ?
Click here to see answer by 4198181(13)

Question 1129824: Dillon�s sells a swimming suit originally priced at $89 for $52.75. Find the percent of markdown on the original price. Round to the nearest whole percent.
Click here to see answer by josmiceli(19441)

Question 1129827: PFS Fitness bought a treadmill for $700. PFS has a 70% markup on selling price. What is the selling price of the Treadmill (to the nearest dollar)?
Click here to see answer by MathLover1(20849)

Question 1129826: Sachi Wong, store manager for Hawk Appliance, does not know how to price a GE dishwasher that cost the store $399. Sachi knows her boss wants a 40% markup on cost. What price should she put on the dishwasher?
Click here to see answer by josgarithmetic(39617)

Question 1129825: The Office Store sells a box of computer disks for $11.99 while using a markup of 35% on selling price. Find the cost.
Click here to see answer by josgarithmetic(39617)

Question 1129810: Lynsey invests $3000 in a bond trust that pays 8% interested compounded semiannually. Her friend Lyla invest $3000 in a certified of deposit that pays 7.75% compounded daily. How much money does each of them have after 20 years?
Click here to see answer by josmiceli(19441)

Question 1129828: Sam invested $1950, part of it at 6% and the rest at 8% yearly interest. The yearly income on the 8% investment was $46 more than twice the income from the 6% investment. How much did he invest at each rate?

Click here to see answer by ikleyn(52781)

Question 1129823: Foodmart buys a frying pan for $12.95 while using a markup of 28% on cost. Find the selling price.
Click here to see answer by josmiceli(19441)

Question 1129895: Shawn�s pay is $123 for 20
hours of work. How much will his
paycheck be if he works 31 hours?
Click here to see answer by stanbon(75887)

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