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

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Question 1132311: a certain amount of money is invested at 9% per year. a second amount is Php50,000 larger than the first and is invested at 12% per year. the interest from the investment at the higher rate exceeds the income from the lower investment by Php13,500. find the investment at each rate. (show table if possible and use only 1 variable) (thanks in advance)
Click here to see answer by ikleyn(52775) About Me 

Question 1132369: Emily is 46 years old. Colin is 11 years older than Emily. Dan is 5 years younger than Emily. What is the total of their combined ages?
Click here to see answer by josgarithmetic(39616) About Me 

Question 1132382: The amount of money (y) that Juan has for any given week (x) can be modeled by the equation y = -7x + 80. About how long will it take for Juan to spend all of his money?
Click here to see answer by amarjeeth123(569) About Me 

Question 1132368: to start a small business mr. tan borrowed a total of 50000 pesos from 2 banks the first bank charged him 10% annual interest and the 2nd bank 11% annual interest if the total interest for a year is 5200 pesos how much did he borrow from each bank?
Click here to see answer by greenestamps(13198) About Me 

Question 1132497: You invested ​$13000 in two accounts paying
2% and
6 %
annual​ interest, respectively.
If the total interest earned for the year was
$380, how much was invested at each​ rate?

Click here to see answer by addingup(3677) About Me 
Question 1132497: You invested ​$13000 in two accounts paying
2% and
6 %
annual​ interest, respectively.
If the total interest earned for the year was
$380, how much was invested at each​ rate?

Click here to see answer by Alan3354(69443) About Me 

Question 1132510: Wanita deposits $8,320 at 1.25% interest quarterly find the amount after 1 year?
Click here to see answer by MathLover1(20849) About Me 

Question 1132513: Stewart bought a new moterbike for £6500 it’s value decreases by 4%each year .find the value for after 3 years
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Question 1132513: Stewart bought a new moterbike for £6500 it’s value decreases by 4%each year .find the value for after 3 years
Click here to see answer by Alan3354(69443) About Me 

Question 1132509: JOE deposits $7250 at 3.5% interest monthly find the amount after 4 months?
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Question 1132507: Billy deposits $4500 at 12% interest monthly find the amount in the account after 4 months?
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Question 1132508: Shelly deposits $9200 at 5% interest semiannually find the amount after 2 pay periods of interest?
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Question 1132508: Shelly deposits $9200 at 5% interest semiannually find the amount after 2 pay periods of interest?
Click here to see answer by MathTherapy(10551) About Me 

Question 1132506: becky deposits $2100 at 8% interest quarterly find the amount in the account after 3 quarters?
Click here to see answer by Alan3354(69443) About Me 

Question 1132676: In 7 years I want to buy a car which most likely will cost 40,000.00. The bank offers an APR of 4.5%. How much monthly deposits I will need to make to come up with 40,000.00?
Click here to see answer by jerryguo41(197) About Me 
Question 1132676: In 7 years I want to buy a car which most likely will cost 40,000.00. The bank offers an APR of 4.5%. How much monthly deposits I will need to make to come up with 40,000.00?
Click here to see answer by MathTherapy(10551) About Me 
Question 1132676: In 7 years I want to buy a car which most likely will cost 40,000.00. The bank offers an APR of 4.5%. How much monthly deposits I will need to make to come up with 40,000.00?
Click here to see answer by greenestamps(13198) About Me 

Question 1132718: Jonathan has $3,500. He deposited part of the money in his savings account and part in his checking account. If the amount he deposited into his savings account is $800 more than twice the amount he deposited into his checking account, how much did he deposit into his checking account?
Click here to see answer by Boreal(15235) About Me 

Question 1132804: Gregory and Javier each want to buy a bicycle. Gregory has already saved $35 and plans to save $10 per week

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Question 1132834: Can you help me with math and science

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Question 1132842: Suppose consumers will purchase q units of a products at a price of 200/q + 7 dollars per unit. What is the minimum number of units that must be sold in order that sales revenue be greater than $8000?
Click here to see answer by josmiceli(19441) About Me 

Question 1132843: A company invests a total of $30,000 of surplus funds at two annual rates of interest: 4% and 6.75%. It wishes an annual yield of no less than 6.75%. What is the least amount of money that the company must invest at the 6.75% rate?
Click here to see answer by addingup(3677) About Me 
Question 1132843: A company invests a total of $30,000 of surplus funds at two annual rates of interest: 4% and 6.75%. It wishes an annual yield of no less than 6.75%. What is the least amount of money that the company must invest at the 6.75% rate?
Click here to see answer by ikleyn(52775) About Me 

Question 1132795: Kevin purchases a guitar on a payment plan of $17,85 per week for 2.5 years at 13 %/ a compound weekly. What was the selling price of the guitar?
Click here to see answer by josmiceli(19441) About Me 
Question 1132795: Kevin purchases a guitar on a payment plan of $17,85 per week for 2.5 years at 13 %/ a compound weekly. What was the selling price of the guitar?
Click here to see answer by MathTherapy(10551) About Me 

Question 1132957: Compare the amounts at age 65 that would result from making an monthly deposit of $300 starting at age 16, or from making an monthly deposit of $1750 starting at age 50, to an RRSP that earns 3% interest per annum, compounded monthly. What is the total of the deposits in each situation? What should you do?
Click here to see answer by Boreal(15235) About Me 
Question 1132957: Compare the amounts at age 65 that would result from making an monthly deposit of $300 starting at age 16, or from making an monthly deposit of $1750 starting at age 50, to an RRSP that earns 3% interest per annum, compounded monthly. What is the total of the deposits in each situation? What should you do?
Click here to see answer by MathTherapy(10551) About Me 

Question 1133020: Susan Marciano invested part of her $36,000 bonus in a fund that paid a 9% profit and invested the rest in stock that suffered a 4% loss. Find the amount of each investment if her overall net profit was $1290.00
Click here to see answer by solver91311(24713) About Me 

Question 1133051: A club is creating a fund so that scholarships of $5000 can be paid out to the eligible students every year, for the next 20 years, starting next year. How much does the club need to invest today at 6.5% compounded annually?
Click here to see answer by Boreal(15235) About Me 

Question 1133060: Bob is saving money that he earns at his part time job. He deposits $100 at the end of each month into a saving account that pays interest at 3% , compounded monthly. Bob would like to know what his savings will be in the end of 1 year.

Click here to see answer by Olasko(10) About Me 
Question 1133060: Bob is saving money that he earns at his part time job. He deposits $100 at the end of each month into a saving account that pays interest at 3% , compounded monthly. Bob would like to know what his savings will be in the end of 1 year.

Click here to see answer by ikleyn(52775) About Me 

Question 1133083: Terry mother figures that she will need to have $200 000 at the end of 10 years. The retirement fund that she has chosen earns interest at 6% compounded semi-annually.
A) How much does she need to invest in the fund every six months?
B) how much interest will Terrys mother have earned over the course of her investment?

Click here to see answer by ikleyn(52775) About Me 

Question 1133059: Jane's grandmother figures that she will need to have $200,000 at the end of 10 years. The retirement fund that she has chosen earned interest at 6% compounded annually.
a) How much does she need to invest in the fund every six months?
b)How much interest will jane's grandmother have earned over the course of her investment?

Click here to see answer by ikleyn(52775) About Me 

Question 1133089: A group of workers won the lottery and will each walk away with $10 000. Fred, one of the workers, decides to spend some of the money and save the rest. He wants the money he saves to grow back into $10 000 in 7 years. He can invest the money at 5.5% compounded quarterly.

a) How much must he invest to meet his goal.

b) How much money can he afford to spend today?


(I have been working on this problem and i did get for R=4657.65 and i am not sure what they mean by part b.)

Click here to see answer by jim_thompson5910(35256) About Me 
Question 1133089: A group of workers won the lottery and will each walk away with $10 000. Fred, one of the workers, decides to spend some of the money and save the rest. He wants the money he saves to grow back into $10 000 in 7 years. He can invest the money at 5.5% compounded quarterly.

a) How much must he invest to meet his goal.

b) How much money can he afford to spend today?


(I have been working on this problem and i did get for R=4657.65 and i am not sure what they mean by part b.)

Click here to see answer by addingup(3677) About Me 

Question 1133094: Annie cashed a $2000 regular Saving Bond with an annual interest rate of 6.4% She received $896 in interest during the time she held the bond. How Long did she hold the bond?
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Question 1133095: Ted won $1000 000 in a lottery. He invested it at 6.25% compounded daily. How much does the money earn in a 30 day month?
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Question 1133095: Ted won $1000 000 in a lottery. He invested it at 6.25% compounded daily. How much does the money earn in a 30 day month?
Click here to see answer by greenestamps(13198) About Me 
Question 1133095: Ted won $1000 000 in a lottery. He invested it at 6.25% compounded daily. How much does the money earn in a 30 day month?
Click here to see answer by Alan3354(69443) About Me 

Question 1133084: would extend trade credit to some customers that previously have been denied credit because they were considered poor risks. Sales are projected to increase by $120,000 per year if credit is extended to these new customers. Of the new accounts receivable generated, 6% are projected to be uncollectible. Additional collection costs are projected to be 5% of incremental sales, and production and selling costs are projected to be 80% of sales. Your firm expects to pay a total of 30% of its income after expenses in taxes.
1) Compute the incremental income after taxes that would result from these projections:

Click here to see answer by Theo(13342) About Me 

Question 1133119: Hannah has taken out a personal loan for $9000, which she will pay off with 60 monthly payments starting 1 month from now. The interest rate is 12.8% compounded monthly. Determine the total amount Hannah will pay over the 60 months?
Click here to see answer by rothauserc(4718) About Me 
Question 1133119: Hannah has taken out a personal loan for $9000, which she will pay off with 60 monthly payments starting 1 month from now. The interest rate is 12.8% compounded monthly. Determine the total amount Hannah will pay over the 60 months?
Click here to see answer by MathTherapy(10551) About Me 
Question 1133119: Hannah has taken out a personal loan for $9000, which she will pay off with 60 monthly payments starting 1 month from now. The interest rate is 12.8% compounded monthly. Determine the total amount Hannah will pay over the 60 months?
Click here to see answer by greenestamps(13198) About Me 

Question 1133140: Grace and Janice had an equal amount of money at first. After Grace spent $245 and Janice $74, Janice had 4 times as much money as Grace. How much money did each girl have at first?
Click here to see answer by josgarithmetic(39616) About Me 
Question 1133140: Grace and Janice had an equal amount of money at first. After Grace spent $245 and Janice $74, Janice had 4 times as much money as Grace. How much money did each girl have at first?
Click here to see answer by ikleyn(52775) About Me 

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