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

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Question 1141606: A total of $21,000 is to be invested, some in bonds and some in certificates of deposit (CDs). If the amount invested in bonds is to exceed that in CDs by $3,000, how much will be invested in each type of investment?

- this is what I am given I need to find the amount invested is CDs and amount invested in bonds. my book says something about certification interest but I'm confused on how I should set up the problem bc I got 9000. do I set it up (b+3000)=21000? what do I do? plz help
Click here to see answer by ikleyn(52748)

Question 1141607: The ABC Shipping Company charges $290 for all packages weighing less than or equal to 5lbs, $520 for packages weighing more than 5lbs and less than 10lbs, and $800 for all packages weighing 10lbs or more. the number of packages weighing 5lbs or less is 50% more than the number of packages weighing 10lbs or more. one day shipping charges for 300 orders was $150,800. find the number of packages in each category.
Click here to see answer by ikleyn(52748)

Question 1141228: If an employee deposits Rs. 2,000 at the end of each year into his company’s plan which pays 7% interest compounded quarterly, how much will he have in the account at the end of 5 years?
Click here to see answer by Theo(13342)

Question 1141611: A sculptor is selling her work at an exhibit and hopes to earn at least $260 in revenue. Small pieces go for $4.20 and large pieces go for $16. How does she know how much of each sized sculpture should she sell?
Click here to see answer by Alan3354(69443)

Question 1141790: A foundation invests $50,000 at simple interest, a part at 7%, twice the amount at 2%, and the rest at 5.5%. What is the most the foundation can invest at 2% and be guaranteed $2,420 in interest per year?
Click here to see answer by ikleyn(52748)

Question 1141811: What is the nominal annual rate of interest compounded quarterly if a loan of $12,500 is paid in six years by payments of $1,000 made at the end of every six months?
Click here to see answer by greenestamps(13195)

Question 1141819: A man invest rupees 10000 for 3 years at a certain rate of interest compounded annually at the end of one year it amounts to 11200 rupees calculate the rate of interest per annum
Click here to see answer by Theo(13342)

Question 1141813: Ali contributed $1,000 per year for the past 9 years into an RRSP account, earning 3.8% compounded annually. If he leaves the accumulated contributions for another 5 years in the RRSP at the same rate of interest,
a) How much will Ali have in total in his RRSP account?
b) How much did Ali contribute? c) How much will be the interest?

Click here to see answer by Theo(13342)

Question 1141845: Fred opens a holiday account with his $2000 tax refund. He decides to add $100 a month into this account. How much will Fred have in this account after a year assuming no interest was added
Click here to see answer by ikleyn(52748)

Question 1141890: What will deposit of $80 made at the end of each month amount to after 4 years if interest is 4.8% compounded monthly?

Click here to see answer by VFBundy(438)

Question 1141909: 6. Cathy saves $25 at the end of each week and deposits the money in an account paying 5% compounded monthly. How much will she accumulate in 5 years?
Click here to see answer by greenestamps(13195)

Question 1141922: A man invest $2000 at 5% per annum simple interest in order to pay his son school fees.He pays the fees of $400 partly from the interest and partly from the capital invested. How much capital is left after 3 years?
Click here to see answer by josmiceli(19441)

Question 1141908: Raj placed $6000 in saving account. For how long can $600 be withdraw from the account at the end of every month starting one month from now if interest is 4.58% compounded monthly?
Click here to see answer by Theo(13342)

Question 1141907: 4. What payment is required at the end of each month for 10 years to repay a $200,000 mortgage if interest is 6.5% compounded monthly?
Click here to see answer by VFBundy(438)

Question 1141977: Mike invested $1200, part at 8% and the rest at 6% per year. The interest earned after one year was $88. How much did mike invested at each rate?
Click here to see answer by VFBundy(438)

Question 1141993: A bank loaned out $15,000, part of it at the rate of 4% annual interest, and the rest at 10% annual interest. The total interest earned for both loans was $1,170.00. How much was loaned at each rate?
Click here to see answer by josmiceli(19441)

Question 1142066: For a particular pickup truck the percent markup is known to be 115% based on cost to the seller. If the seller paid $15,800 for the truck, what would be the percent markup be based on the sale price? (Round to the nearest tenth percent
Click here to see answer by Theo(13342)

Question 1142098: an investor invested a total of $1,800 in two mutual funds. One fund earned a 6% profit while the other earned a 3% profit. If the investor's profit was $69, how much was invested in each mutual fund?
Click here to see answer by ikleyn(52748)

Question 1142110: A machine glazed donuts at the rate of one donut per second. How many hours will it take the machine to glaze 36000 donuts?
A)1
B)10
C)100
D)1000
Click here to see answer by Alan3354(69443)

Question 1142103: By washing cars, Michelle and Jean raised $2000 total. If Jean raised $600 more than Michelle, how much money did each of them raise?
Click here to see answer by Alan3354(69443)

Question 1142108: A man is planning to retire in 25 years. He
wishes to deposit a regular amount every
three months until he retires so that,
beginning one year following his retirement,
he will receive annual payments of $32,000
for the next 10 years. How much must he
deposit if the interest rate is 8%
compounded quarterly?
Click here to see answer by Alan3354(69443)

Question 1142102: Jacob bought a computer and owes 3000 to the computer store. They charge 7 percent and compound it quarterly. His payment is due in full in 3 years how much will he owe them in 3 years
Click here to see answer by josmiceli(19441)

Question 1142136: Evelyn wants to make a 30-month investment of $12,000 into a certificate of deposit that compounds continuously at an annual interest rate of 9.8%. What will be the value of the certificate at maturity? Formula: A=Pe^rt
Click here to see answer by josmiceli(19441)

Question 1142146: Mrs. Jackson deposits $15,000 in an account that earns compound interest. The annual interest rate is 6%, and the interest is compounded six times a year. To the nearest cent, what will the account balance be after 10 years if Mrs. Jackson makes no further deposits or withdrawals?

Click here to see answer by ikleyn(52748)

Question 1142172: Calculate the present value (principal) and the compound interest given: Compound Amount = $1,250 Term of Investment = 6 years Nominal rate = 6% Interest is compounded semiannually

Click here to see answer by Theo(13342)

Question 1142181: Amanda bought a truck for $20,000. The value of the truck depreciates by 7 percent each year. How much will the truck be worth after 6 years? Round your answer to the nearest cent
Click here to see answer by Theo(13342)

Question 1142204: You are a crew at acts 12:7 convenience store that pays an hourly wage of ₱45.00 and 1.5 times the hourly wage for the extra hours if you work for more than 40 hours a week. Give time limit 5 minutes write a piecewise function that gives the weekly pay P in terms of the number of hours H you work.
Click here to see answer by josgarithmetic(39613)

Question 1142187: Shelley decided to inveset 18000 of her retirement conservateily. She invested part of this money into 1 account that pays 6% simple interest and part into another account that pays 2% simple interest. Last year she earned 60 dollars in interest. how much did she invest in each time of account.
Click here to see answer by ikleyn(52748)

Question 1142186: Jill wants to save to buy a car. She decides to open a banking account that is offering an interest rate of 4.5% compounded annually. How much will Jill have in her account after 5 years if she deposits $7,000 today?
Click here to see answer by ikleyn(52748)

Question 1142205: grandpa joe wins $160 000 in the lottery. He descides to keep half of it and share it between his 4 children how much to they get each?
Click here to see answer by FrankM(1040)

Question 1142233: Chloe has 80.00 in her savings account that earns 5% interest per year.This interest is not compounded. How much interest will be earned in 3 years?

Click here to see answer by josmiceli(19441)

Question 1142234: Jeremy put aside 20% of his earnings for a year to save for a new computer. If he made $500 a month, how much would he have saved in a year?
Click here to see answer by ikleyn(52748)

Question 1142246: A school store sells pens. Each pen costs the store $.55. The store then marks up the price 65% what is the selling price of each pen?
Click here to see answer by ikleyn(52748)

Question 1142255: A bank loaned out $19000, part of it at the rate of 6% per year and then rest at 14% per year. If the interest received in one year totaled $2000, how much was loaned at 6%? How much of the $1900 did the bank loan out at 6%?
Click here to see answer by ikleyn(52748)

Question 1142291: mike wants to sabe 20.000 for a motorcycle. determine his monthly payment required if the bank offers a three year investment at 4,9% per year, compounded monthly.
Click here to see answer by ikleyn(52748)

Question 1142310: Tyler has two savings accounts that his grandparents opened for him. One of the accounts pay 6 %annual interest, whereas the other pays 8% annual interest. If you have $400 more invested at 8% than you invested at 6% how much do you have invested in each account if the total amount of interest you earn in a year is $102?
Tyler invested $_____ at 6%, and $______at 8%
Click here to see answer by ikleyn(52748)

Question 1142345: An actor invests some money at
5
5%, and $
42000
42000 more than
twice
twice the amount at
12 %.
12%. The total annual interest earned from the investment is $
46800
46800. How much did he invest at each amount? Use the six-step method.
Click here to see answer by greenestamps(13195)

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