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

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Question 1145743: Nico is saving money for his college education. He invests some money at 7%, and $1400 less than that amount at 3 %. The investments produced a total of $148 interest in 1 yr. How much did he invest at each rate?
Click here to see answer by richwmiller(17219)

Question 1145703: Erwin has 40 pieces of coins consisting of 5¢, 10¢ and 25¢. the 5¢ is equal to the number of 10¢. if he has a total of 8.25, hoe many coins of each kind does he have?
Click here to see answer by solver91311(24713)

Question 1145714: On the first day of a two day meeting, 10 coffees and 10 doughnuts were purchased for a total of $20.00. Since nobody drank the coffee and all the doughnuts were eaten, the next day only 2 coffees and 14 doughnuts were purchased for a total of $13.00. How much did each coffee and each doughnut cost?
Click here to see answer by ikleyn(52754)

Question 1145740: The cost of a new refrigerator is $895. You make a down payment of 150 and pay the rest with an installment loan you will have to pay $50 per month for 18 months
What is the amount financed?
Find the total installment price.
Find the finance charge.
Click here to see answer by Theo(13342)

Question 1145739: A person making $ 2400 per month has her salary reduced by 5 % due to poor company sales. One year later, after A dramatic increase in sales she is given an 18% increase over her reduced salary
How much is her salary reduced per month?
What is a reduced salary per month?
What is her raise per month?
Click here to see answer by Alan3354(69443)

Question 1145767: A manager receives a salary of ₦2,055,000. He is promoted and his salary increases by 14%.
a) Calculate his new salary.
b) If the increase is taxed at 25%, how much money does he actually gain from the increase?
Click here to see answer by Alan3354(69443)

Question 1145839: You invested $25,000 in two accounts paying 6% and 7% interest, respectively. If the total interest earned for the year was $1720, how much was invested at each rate?
Click here to see answer by VFBundy(438)

Question 1145850: what is the integer of the refund that erica has? the money is 125 dollars.

Click here to see answer by Alan3354(69443)

Question 1145863: Amara currently sells televisions for company A at a salary of $14000 plus a $110 commission for each television she sells. Company B offers her a position with a salary of $14840 plus a $50 commission for each television she sells. How many televisions would Amara need to sell for the options to be equal?
Click here to see answer by ikleyn(52754)

Question 1145869: Misu sheet owner of the bedspread shop, knows his customers will pay no more than $100 for a comforter. Misu wants 39% markup on selling price. What is the most that misu can pay for a comforter?
Click here to see answer by ikleyn(52754)

Question 1145913: A textbook costs a bookstore $77, and the store sells it for $96.25. Find the rate of profit based on the selling price.

Click here to see answer by josgarithmetic(39613)

Question 1145958: The question i need help with is
Morgan loaned $4,500 to Rolf at a simple interest rate of 0.60% per month. What was the term of the loan if the total interest came to $189.00?
i am having trouble figuring out how to do the question, in class we use p/y c/y N(c/yX# of years) I/y pv pmt and fv to solve this type of question. i have p/y=12, c/y=12, N=? I/y=0.60 pv=4500 pmt=0 and fv=4689 but it is coming up as an error on my calculator to compute N
if you could help me figure out n that would be very helpful.

Click here to see answer by Alan3354(69443)

Question 1146041: If an investment at 7% simple interest has a future value of $6031 in 9 years, what was the original investment ?
Click here to see answer by greenestamps(13195)

Question 1146130: A home with a mortgage of $105,000 for 30 years has mortgage payments of $789.60 per month. Determine the amount of total interest on this mortgage?
Click here to see answer by ankor@dixie-net.com(22740)

Question 1146126: . Alice purchased a truck for a cash price of $24,900. She made a 15.5% down payment and financed the balance with payments of $395.47 per month for 60 months. Determine the finance charge amount?

Click here to see answer by josmiceli(19441)

Question 1146226: Savannah wants $12,000 saved in 6 years to make a down payment on a house. How much money should she invest now at 4.3% compounded quarterly in order to meet her goal?

Click here to see answer by Theo(13342)

Question 1146252: Compute the amount earned on $75,000 invested at 3.26% APR in one year if compounding is taking place daily. (Round your answer to the nearest cent.)
Click here to see answer by Theo(13342)

Question 1146251: You want to buy a $35,000 car. You can make a 10% down payment, and will finance the balance with a 4% interest rate for 48 months (4 years). What will your monthly payments be?

Click here to see answer by Theo(13342)

Question 1146229: Ricky and Krystal have a new grandson. How much money should they invest now so that he will have $63,000 for his college education in 18 years? The money is invested at 5.6% compounded quarterly.

Click here to see answer by Boreal(15235)

Question 1146232: Suppose you have $1350 in your savings account at the end of a certain period of time. You invested $1200 at a 4.34% simple annual interest rate. How long, in years, was your money invested?
Click here to see answer by Boreal(15235)

Question 1146269: a total of $21,000 is to be invested in stocks and bonds if the amount invested in bonds between is twice that invested in stocks how much is invested in each category
Click here to see answer by josgarithmetic(39613)

Question 1146230: How much would you need to deposit in an account now in order to have $6000 in the account in 10 years? Assume the account earns 5% interest compounded monthly.
Click here to see answer by VFBundy(438)

Question 1146328: On march 20, Soren Kierkegaard deposited 1,000 into his savings account that pays 5.5% interest compounded daily. How much interest will the money earn by April 20?
Click here to see answer by greenestamps(13195)

Question 1146329: Suppose you invest money in two accounts. One of the accounts pay
9
%
annual interest, whereas the other pays
11
%
annual interest. If you have
$
4
,
000
more invested at
11
%
than you invested at
9
%
, how much do you have invested in each account if the total amount of interest you earn in a year is
$
840
?

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

Question 1146325: A sales representative receives a commission of 16 ⅔ on all sales. How much must his weekly sales to be so that he will make a commission of $720 per week?

Click here to see answer by Alan3354(69443)

Question 1146300: Suppose you want to have $700,000 for retirement in 35 years. Your account earns 5% interest. Round your answers to the nearest cent.
a) How much would you need to deposit in the account each month?
b) How much interest will you earn?
Click here to see answer by Theo(13342)

Question 1146388: Karen invest $500 in a fun for 6 years and was paid simple interest. The total interest that she received on the investment was $120. as a percentage, what was the annual interest rate of her investment
Click here to see answer by richwmiller(17219)

Question 1146444: Restaurant offers a series of two-egg breakfast specials. The prices are as follows:
#1 2 eggs, bacon, hash brown $3.30
#2 2 eggs, sausage, pancakes $3.50
#3 2 eggs, bacon, sausage $3.60
#4 2 eggs, bacon, sausage, hash brown $4.40
#5 2 eggs, bacon, sausage, pancakes $4.50
Based on these prices, how much is the restaurant charging for EACH individual item? For example, how much is just the bacon, or just the 2 eggs, or just the pancakes?
Click here to see answer by Glaviolette(140)

Question 1146466: Complete the table to determine the balance A for $1000 invested at rate r for t years and compounded n times per year. (Round your answers to the nearest cent.)
r = 4%, t = 8 years
1,2,4,12,365, Continuous
Click here to see answer by greenestamps(13195)

Question 1146496: Algebra Question:Three years after opening an account that pays simple interest add 3.25% annually a depositor withdrew the $1755 in interest earned how much money was left in the account. Can you please answer this
Click here to see answer by josgarithmetic(39613)

Question 1146529: An online shopping club has 13500 members when it charges $8 per month. For each $1 monthly increase, the club loses around 500 members
Click here to see answer by Alan3354(69443)

Question 1146521: Dale buys a big screen TV at a furniture store that offers zero down and no payments for 15 months. Unfortunately, he is unable to make his first payment on the 16th month , and he is charged interest for all 16 months of financing. The TV originally cost $950.00, and the interest rate is 7.95%/a compounded monthly. Calculate the total amount Dale now owns on his TV.
Click here to see answer by Theo(13342)

Question 1146563: If money is invested for 4 years at a simple interest rate of 13.2% per annum, the nominal interest rate per annum, compounding monthly, is (as a percentage rounded to three decimal places; no % sign):
Click here to see answer by josmiceli(19441)

Question 1146576: Hattie had $3850 to invest and wants to earn 2.9% interest per year. She will put some of the money into an account that earns 2.6% per year and the rest into an account that earns 3.7% per year. How much money should she put into each account?
Click here to see answer by richwmiller(17219)

Question 1146561: You invested $9,000 in a savings deposit 7 quarters ago and it has grown to $9683 today. What nominal rate of annual interest (compounding quarterly) did you earn? (expressed as a percentage to two decimal places
Click here to see answer by VFBundy(438)

Question 1146600: You spent $1,400 on new furniture the local Furniture Store allows you to make a down payment a $500 and then pay the remaining balance in 3 equal monthly payment how much are the monthly payments?

Click here to see answer by richwmiller(17219)

Question 1146637: If $14,000.00 is invested at 14% annual simple interest, how long does it take to be worth $29,680.00?
Click here to see answer by VFBundy(438)

Question 1146670: Take It Home Furniture advertises 20% off on a recliner that normally sells for $499. Stinky Pete's offers 40% off the same chair, which they usually sell for $625. Which store has the cheaper sale price, and by how much?
Click here to see answer by richwmiller(17219)

Question 1146689: Krystal plans to save $500 at the end of Year 1, $600 at the end of Year 2, and $800 at the end of Year 3. If she earns 2.8 percent on her savings, how much money will she have saved at the end of Year 3?
Click here to see answer by greenestamps(13195)

Question 1146729: A total of
$9000
$⁢9000
is invested: part at
6%
6%
and the remainder at
11%
11%
. How much is invested at each rate if the annual interest is
$600
$⁢600
?

Click here to see answer by greenestamps(13195)

Question 1146644: Tuition of $1721 will be due when the spring term begins in 2 months. What amount should a student deposit today, at 7.56%, to have enough to pay the tuition?
Click here to see answer by ankor@dixie-net.com(22740)

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