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

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Question 1133124: Karl invested his savings in a short-term fund that was offering a simple interest rate of 4% p.a. The maturity value of the investment at the end of 330 days was $27,514.91
Calculate the principal amount invested
calculate the interest earned

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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?
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Question 1133164: help I am stuck on this question
A financial institution offers personal loans with interest rates that vary from 8.25% to 12.5% compounded monthly, depending on a person's credit rating. Two people, one with the best credit rating and the other with the worst, take out loans of $12000 to be repaid in 30 monthly payments. How much interest does the person with the poor credit rating pay?

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Question 1133203: A soccer team goes to Starr Burger after a game. The number of drinks ordered is 2 less than the number of burgers. If burgers cost $3.25 and drinks cost $1.50, how many of each were ordered if the coach paid a total of $49.25?
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Question 1133237: Calculate the amount of simple interest earned:Principal: $2500Annual Rate: 2%TIme: 4.5 years
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Question 1133237: Calculate the amount of simple interest earned:Principal: $2500Annual Rate: 2%TIme: 4.5 years
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Question 1133280: Joshua borrowed $1000 from his friend and paid him back $1050 in six months what simple annual interest did Joshua pay his friend?
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Question 1133290: You deposit $1250 in an account that pays 5.4% annual interest compounded monthly.
a. When does your balance first exceed $1750?
after _____ years and _____ months

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Question 1133332: Marci invested $4000 in a fund that earns 9% annually and is compounded quarterly. How much will
his investment be worth if left untouched for 6 years?

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Question 1133332: Marci invested $4000 in a fund that earns 9% annually and is compounded quarterly. How much will
his investment be worth if left untouched for 6 years?

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Question 1133339: How much interest will be earned in 3 years from $7.30 placed in a savings account at 6.5% simple interest?
(note i must know by 1/24/19)
THANKS!

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Question 1133337: How much interest will be earned in 3 years from $7.30 placed in a savings account at 6.5% simple interest?
(note i must know by 1/23/19)
THANKS!

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Question 1133337: How much interest will be earned in 3 years from $7.30 placed in a savings account at 6.5% simple interest?
(note i must know by 1/23/19)
THANKS!

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Question 1133346: Two investments totaling $57,500 produce an annual income of $4245 . One investment yields 8% per year, while the other yields 7% per year. How much is invested at each rate?

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Question 1133346: Two investments totaling $57,500 produce an annual income of $4245 . One investment yields 8% per year, while the other yields 7% per year. How much is invested at each rate?

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Question 1133421: An inheritance of 2,700,000.00 among Ralph, Rayden and Velika in the following manner. Rayden recieve 1/3 of velika receive while Ralph gets 1/2 of what Rayden recieve. How much does Rayden recieve
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Question 1133485: Your weight on the Moon is relative to your weight on Earth. Neil Armstrong weighed 360 lbs. in his moon gear while on the Earth, but on the Moon he only weighed 60 lbs. How much would a 150 lb person weigh on the moon?
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Question 1133485: Your weight on the Moon is relative to your weight on Earth. Neil Armstrong weighed 360 lbs. in his moon gear while on the Earth, but on the Moon he only weighed 60 lbs. How much would a 150 lb person weigh on the moon?
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Question 1133490: If $100 invested at time 0 accumulates to $172 at time 3, find the accumulated value at time 10 of $100 invested at time 5.
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Question 1133506: Jordan heard that she could triple her money in 27 years if she invested it in her friend's telecommunications business. What nominal interest rate compounded quarterly does the business offer?
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Question 1133489: At a certain rate of simple interest, $100 will accumulate to $110 after a certain period of time. Find the accumulated value of $500 at a rate of simple interest three fourths as great over twice as long a period of time.
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Question 1133487: $600 invested for two years will earn $264 in interest. Find the accumulated value of $200 invested at the same rate of compound interest for three years.
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Question 1133531: Jennifer is the owner of a video game and entertainment software retail store. She is currently planning to retire in 30 years and wishes to withdraw $10,000/month for 20 years from her retirement account starting at that time. How much must she contribute each month for 30 years earning interest at a rate of 5% compounded monthly to meet her goal?
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Question 1133542: Joseph invests $1000 at a rate of 7% compounded monthly for 10 years. Sarah invests $1000 at the same rate for the same time, but her investment is compounded continuously. What is the difference in total money made by each? Identify who made more and by how much.

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Question 1133529: Martin has deposited $375 in his IRA at the end of each quarter for the past 20 years. His investment has earned interest at the rate of 8% per year compounded quarterly. Now, at age 60, he is considering retirement. What quarterly payment will he receive over the next 15 years?
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Question 1133530: Joe secured a loan of $12,000 3 years ago for use towards his college expenses. The bank charged interest at the rate of 4% compounded monthly on his loan. Now, he wishes to repay the loan through monthly payments over 10 years at the same interest rate. Find the size of the monthly payment he must make.
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Question 1133530: Joe secured a loan of $12,000 3 years ago for use towards his college expenses. The bank charged interest at the rate of 4% compounded monthly on his loan. Now, he wishes to repay the loan through monthly payments over 10 years at the same interest rate. Find the size of the monthly payment he must make.
Click here to see answer by MathTherapy(10551) About Me 

Question 1133558: Solve each system of linear equations by either substitution or by adding equations.

x + y = −5
3x − 4y = 6

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Question 1133558: Solve each system of linear equations by either substitution or by adding equations.

x + y = −5
3x − 4y = 6

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Question 1133558: Solve each system of linear equations by either substitution or by adding equations.

x + y = −5
3x − 4y = 6

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Question 1133568: Show by graphing whether each system of linear equations has (a) one unique solution; (b) an infinite number of solutions; or (c) no solution.
2x + 3y = 9
y = −2/3x + 5



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Question 1133568: Show by graphing whether each system of linear equations has (a) one unique solution; (b) an infinite number of solutions; or (c) no solution.
2x + 3y = 9
y = −2/3x + 5



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Question 1133566:
Solve each system of linear equations by either substitution or by adding equations.
3x − y = −4
−5x + 2y = 9

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Question 1133570: Solve each system of linear equations by either substitution or by adding equations.
3x − y = −4
−5x + 2y = 9

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Question 1133569: Solve each system of linear equations by either substitution or by adding equations.


2x − 3y = 5/2
5x + 3y = 4

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Question 1133572: Solve each system of linear equations by either substitution or by adding equations.
3x + 5y = 3.1
2x − 3y = −1.1

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Question 1133576: solve by either substitution or by adding equations.
2x − 3y = 5/2
5x + 3y = 4

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Question 1133655: A wooden right circular cylinder with diameter 9 cm and height 9 cm is topped with a hemisphere. What is the surface area in cm^2 of the resulting shape?
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Question 1133648: Using only $1,$5,$10 and $20 bills, how many ways can change be made for a $50 bill?
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Question 1133683: Sharon is a manufacturer's representative selling office furniture directly to businesses.
She receives a monthly salary of $2000 plus a 2.2% commission on sales exceeding her
quota of $150,000 per month.
a. What are her earnings for a month in which she has $227,000 in sales?

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Question 1133695: Suppose $50,000 is divided into two bank accounts. One account pays 4% simple interest per year and the other pays 6.4%. After five years there is a total of $12,000 in interest between the two accounts. How much was invested into the bank account that pays 4% simple interest (rounded to the nearest cent)?
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Question 1133695: Suppose $50,000 is divided into two bank accounts. One account pays 4% simple interest per year and the other pays 6.4%. After five years there is a total of $12,000 in interest between the two accounts. How much was invested into the bank account that pays 4% simple interest (rounded to the nearest cent)?
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Question 1133673: Two angles are complementary if the sum of their measures is 90°. Find two complementary angles such that one of the angles is 142° less than 3 times the other angle. (Round to two decimal places if necessary.)
_____ the smaller complementary angle?
---- the larger complementary angle?

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Question 1133715: A furniture shop refinishes tables. Employees use two methods to refinish tables. Method I takes 1.5 hours and the material costs $6. Method II takes 2.0 hours, and the material costs $5. Next week, they plan to spend 256 hours in labor and $784 in material for refinishing tables. How many tables should they plan to refinish with each method? (Round to two decimal places if necessary.)

-------The number of tables refinished using Method I
-------- The number of tables refinished using Method II

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Question 1133760: A worker’s salary was reduced by x%. Find the percent by which the new salary would have to be raised to bring it back to the original amount.
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11161..11205, 11206..11250, 11251..11295, 11296..11340, 11341..11385, 11386..11430, 11431..11475, 11476..11520, 11521..11565, 11566..11610, 11611..11655, 11656..11700, 11701..11745, 11746..11790, 11791..11835, 11836..11880, 11881..11925, 11926..11970, 11971..12015, 12016..12060, 12061..12105, 12106..12150, 12151..12195, 12196..12240, 12241..12285, 12286..12330, 12331..12375, 12376..12420, 12421..12465, 12466..12510, 12511..12555, 12556..12600, 12601..12645, 12646..12690, 12691..12735, 12736..12780, 12781..12825, 12826..12870, 12871..12915, 12916..12960, 12961..13005, 13006..13050, 13051..13095, 13096..13140, 13141..13185, 13186..13230, 13231..13275, 13276..13320, 13321..13365, 13366..13410, 13411..13455, 13456..13500, 13501..13545, 13546..13590, 13591..13635, 13636..13680, 13681..13725, 13726..13770, 13771..13815, 13816..13860, 13861..13905, 13906..13950, 13951..13995, 13996..14040, 14041..14085, 14086..14130, 14131..14175, 14176..14220, 14221..14265, 14266..14310, 14311..14355, 14356..14400, 14401..14445, 14446..14490, 14491..14535, 14536..14580, 14581..14625, 14626..14670, 14671..14715, 14716..14760, 14761..14805, 14806..14850, 14851..14895, 14896..14940, 14941..14985, 14986..15030, 15031..15075, 15076..15120, 15121..15165, 15166..15210, 15211..15255, 15256..15300, 15301..15345, 15346..15390, 15391..15435, 15436..15480, 15481..15525, 15526..15570, 15571..15615, 15616..15660, 15661..15705, 15706..15750, 15751..15795, 15796..15840, 15841..15885, 15886..15930, 15931..15975, 15976..16020, 16021..16065, 16066..16110, 16111..16155, 16156..16200, 16201..16245, 16246..16290, 16291..16335, 16336..16380, 16381..16425, 16426..16470, 16471..16515, 16516..16560, 16561..16605, 16606..16650, 16651..16695, 16696..16740, 16741..16785, 16786..16830, 16831..16875, 16876..16920, 16921..16965, 16966..17010, 17011..17055, 17056..17100, 17101..17145, 17146..17190, 17191..17235, 17236..17280, 17281..17325, 17326..17370, 17371..17415, 17416..17460, 17461..17505, 17506..17550, 17551..17595, 17596..17640, 17641..17685, 17686..17730, 17731..17775, 17776..17820, 17821..17865, 17866..17910, 17911..17955, 17956..18000, 18001..18045, 18046..18090, 18091..18135, 18136..18180, 18181..18225, 18226..18270, 18271..18315, 18316..18360, 18361..18405, 18406..18450, 18451..18495, 18496..18540, 18541..18585, 18586..18630