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

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Question 1147858: if a company models its revenue (in millions) using y = 16.83x + 210.4 where x=0 corresponds to the year 2015, what will be the companys predicted revenue in the year 2024?
Click here to see answer by ikleyn(52782)

Question 1147891: Find the amount of each payment to be made into a sinking fund which earns
5% compounded quarterly and produces $31,000 at the end of 2.5 years.
Payments are made at the end of each period.
Click here to see answer by ikleyn(52782)

Question 1147990: Ticket sales for the school fair brought in receipts of $8,250 for 2,480 tickets sold. If adult tickets cost 3$, how many of each ticket were sold?
Click here to see answer by josgarithmetic(39617)

Question 1147861: A printing machine costs 400,000 to purchase with a life of 10years with no salvage value. If the rate of interest is 10% per annum, compounded annually, compute the equivalent uniform annual cost of the machine If it will cost
P100,000 per year to operate?
Click here to see answer by Theo(13342)

Question 1148018: david spent 25% of his money in one shop and then spent one third of the remainder in another shop. If he had $5.50 left, how much had he at first?

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

Question 1148048: Lisa opens a savings account with $1,950. The bank pays 5% compounded semiannually. After one-and-a half years Lisa deposits an additional $875. What is the balance in her account at the end of a total of 2 years?
Click here to see answer by Theo(13342)

Question 1148059: Stewart invests 1200 GBP in a bank that offers interest at a rate of 2.8% compounded annually
Click here to see answer by ikleyn(52782)

Question 1148190: $960 is deposited at the end of every three months into an account that pays 5.1% compounded quarterly. How much interest will the investment earn over 4 years?
Click here to see answer by ikleyn(52782)

Question 1148191: Niki needs $5200 for university tuition when she graduates from high school in 2 years. She plans to make deposites into an account that earns 6.5%, compound monthly. How much should she deposit every month?
Click here to see answer by ikleyn(52782)

Question 1148202: please help with this question.

If Tanisha has 1,000$ to invest at 7% per annum compounded annually,how long will it be before she has 2,000$ ?If the compounding is continuous,how long will it be?
Click here to see answer by ikleyn(52782)

Question 1148203: I need some help with this problem?
The half-life of radium is 1690 years. If 30 grams are present now, how much will be present in 210 years?
Click here to see answer by ikleyn(52782)

Question 1148193: Julie won $200 000 in a lottery! She estimates that to live comfortably she will need to withdraw $5000 per month for the next 50 years. Her savings Account earns 4.25%, compounded monthly. Can Julie afford to retire and live off her lottery winnings?
Click here to see answer by josmiceli(19441)

Question 1148272: A company's sales in Seattle were $380,000 in 2012, while their sales in Portland were $265,000 for the same year. Complete the following statements:
a. Seattle's sales were_____% larger than Portland's.
b. Portland sales were _____% smaller than Seattle's.
c. Portland sales were _____% of Seattle's.

Click here to see answer by greenestamps(13200)

Question 1148309: Suppose a principle amount of $1,305 were invested at an annual rate of 4.3% compounded monthly for 9 years. How many compounding periods would this be?
Click here to see answer by ikleyn(52782)

Question 1148298: Jerry invested $10,000, part at 8% simple interest and the rest at 5% simple interest for a period of 1 year. If he received a total annual interest of $575 from both investments, how much did he invest at each rate?
Click here to see answer by greenestamps(13200)

Question 1148290: Two certificates of deposit pay interest at rates that differ by 4%. Money invested for one year in the first CD earns $350 interest. The same principal invested in the other CD earns $550. Find the two rates of interest.
Click here to see answer by ikleyn(52782)

Question 1148335: If the simple interest on $7 comma 000 for 7 years is $1 comma 960, then what is the interest rate?
Click here to see answer by ikleyn(52782)

Question 1148324: How long will it take $ to accumulate to $ at % p.a. compounded ? State your answer in years
and months (from 0 to 11 months).
641.00 787.00 6 semi-annua
Click here to see answer by ikleyn(52782)

Question 1148340: Jessie is the beneficiary of a trust fund established for him 21 years ago at his birth. If the original amount placed in trust was $5,000, how much will he receive if the money has earned interest at the rate of 8%/year compounded annually? Compounded quarterly? Compounded monthly?
Click here to see answer by ikleyn(52782)

Question 1148417: Jean earns Php 720,000 annually and is able to place 1/3 of this in savings.If she uses 50% of her savings to buy some stocks every year, how much will she be investing annually in stocks?
Click here to see answer by ikleyn(52782)

Question 1148430: Graduation is 3 years away and you want to have 1350 available for a trip. If your bank is offering a 3 year CD paying 2.8% simple interest, how much do you need to put in this CD to have the money for your trip. Show work
Click here to see answer by ikleyn(52782)

Question 1148418: Ken bought 100 shares of a stock for Php50,840.A year later,he sold the stock for Php490.20 a share and paid the broker 1 1/2% commission. Considering that he could have placed the Php50,840 in a time deposit that pays 3% interest in a year,was choosing to invest in stocks the better decision?
Click here to see answer by greenestamps(13200)

Question 1148492: Seventy Php1,000 bonds were purchased by Jim at 92.15 and sold at 110.23.If the broker's fee was Php2000 per transaction, find the amount earned by Jim?
Click here to see answer by greenestamps(13200)

Question 1148491: Ben bought 100 shares of a stock for Php50,840.A year later,he sold the stocks at 145.50 a share.How much money did he make on the sale excluding costs of buying and selling?
Click here to see answer by greenestamps(13200)

Question 1148530: Ben bought 200 shares of a stock at Php140 a shares.A year later,he sold the stock at 145.50 a share.How much money did he make on the sale excluding costs of buying and selling?
Click here to see answer by josmiceli(19441)

Question 1148601: Amanda invested a total of $2,600 into three separate accounts that pay 6 %, 8 % and 10 % annual interest. Amanda has three times as much invested in the account that pays 10 % as she does in the account that pays 6 %. If the total interest for the year is $ 224, how much did Amanda invest at each rate?
Click here to see answer by ikleyn(52782)

Question 1148631: Braun invested R8350 in an account that pays simple interest.AFter six years,the accumulated amount was R12859.what was the simple interest rate on this investment?
Click here to see answer by ikleyn(52782)

Question 1148652: Freddy Fandango Is peddling a new brand of high-tech tennis shoes that makes different kinds of sounds each time the wearer's foot hits the ground, if Freddy bring in an $80 profit from every pair of shoes he sells and his expenses are a 100,000$ How many pairs must he sell if he wants to earn a profit of 69,840
Click here to see answer by ikleyn(52782)

Question 1148697: You deposit $9,200 in a 2-year certificate of deposit (CD) earning 2.4% annual interest compounded daily. At the end of the 2 years, you reinvest the compound amount plus an additional $9,200 in another 2-year CD. The annual interest rate on the second CD is 2.9%, compounded daily. What is the compound amount when the second CD matures?

Click here to see answer by Boreal(15235)

Question 1148700: Lucy earned $400 and $550 in interest the last 2 years. Describe the average interest she should earn in each of the next 3 years so that her total earnings over the 5-year period are at least $2300.
Click here to see answer by Boreal(15235)

Question 1148691: Emma is saving money for college. She has $800 and wants to deposit it into 2 different savings accounts. She decides to deposit $500.00 into an account, Account I, which earns 2.5% annual simple interest. She will then deposit $300 into an account, Account II, which earns
2
1
4
%
interest compounded annually.
If Emma makes no other deposits or withdrawals, what is the total amount of money she will have at the end of 3 years?
Click here to see answer by ikleyn(52782)

Question 1148699: A man can rent all of his apartments if he rents them for $500 each per month. However, for each $50 increase in rent he will rent two fewer apartments. To guarantee the best monetary return, how much monthly rent should he charge and how many apartments will he rent out?
Click here to see answer by ankor@dixie-net.com(22740)

Question 1148791: Carl purchased a $286 car stereo at Worst Buy. He paid $16 at the time of purchase and agreed to pay the balance in 12 equal monthly payments. The finance charge was 12% simple interest. What was the
amount of each payment?

Click here to see answer by Natalie barton(1)

Question 1148824: James has twice as much money as Roy. If James gives $1069 to Roy, they will have an equal amount of money in the end. How much money does each of them have?
Click here to see answer by josgarithmetic(39617)

Question 1148898: The cost of chartering a bus for the ski club's annual winter ski trip was split evenly by the 20 students planning to go. The day before the trip, 10 more students decided to go. Dividing the cost evenly among all 30 students brought the average cost down by $9.00 per person. What was the total cost of chartering the bus?
Click here to see answer by ikleyn(52782)

Question 1148978: Anju started an RRSP account on December 1,2014,with 2000.She added 2000 on july 1,2016, and 2000 on December 1,2018.How much is in her account on January 1,2020,if her deposit earns 3% p.a.compounded monthly
Click here to see answer by ikleyn(52782)

Question 1148922: Luis has $110,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to "roll over" his assets to a new account. Luis also plans to put $2000/quarter into the new account until his retirement 25 years from now. If the new account earns interest at the rate of 3.5%/year compounded quarterly, how much will Luis have in his account at the time of his retirement? Hint: Use the compound interest formula and the annuity formula. (Round your answer to the nearest cent.)
Click here to see answer by ikleyn(52782)

Question 1149138: CD players are going out of fashion in the modern era. If 400,000 CD players were sold this year and sales are declining at a rate of 17% per year, how many will be sold 3 years from now?

Click here to see answer by greenestamps(13200)

Question 1149174: The officers of a high school senior class are planning to rent buses and vans for a class trip. Each person can transfer 80 students, require seven chaperones and cost $1400 to rent. Each van can transport 10 students requires one chaperone and cost $120 to rent. Since there are 960 students in the senior class that may be eligible to go on the trip the officers must plan to accommodate at least 960 students. Since only 91 parents have volunteered to service chaperones the officers plan to use at most 91 chaperones. How many vehicles of each type should the officers rent in order to minimize the transportation costs. What are the minimal transportation costs
Click here to see answer by ikleyn(52782)

Question 1149347: Mr. Cook owns property assessed at $480,000 and pays a property tax rate of $1.93 per hundred. He rents the property by the month. If he budgets his rent income based on his property taxes, how much rent does he have to charge to cover his property tax bill?
Click here to see answer by ankor@dixie-net.com(22740)

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