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

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Question 1155439: Determine the principal P that must be invested at rate r = 9%, compounded monthly, so that $500,000 will be available for retirement in t = 6 years. (Round your answer to the nearest cent.)
P = ?
Click here to see answer by greenestamps(13200)

Question 1155463: find the amount erica owes at the end of 3 years if $5900 is loaned to her at a rate of 7% compounded monthly
Click here to see answer by ikleyn(52781)

Question 1155467: 6. A mainframe computer whose cost is k220 will depreciate to a scrap value of k12 in 5
years. what is the depreciation rate by use of the reducing balance method. [4 marks]
Click here to see answer by Theo(13342)

Question 1155521: If $7000 is invested at an interest rate of 3.75% per year, find the amount (to the nearest cents) of the investment at the end of 5 years compounding monthly.

Click here to see answer by josgarithmetic(39617)

Question 1155547: matthew borrowed $24,000 dollars to buy a new truck. after 5 years,he paid $7,500 in simple interest. what was the interest rate on his truck loan?
Click here to see answer by mananth(16946)

Question 1155546: matthew borrowed $24,000 dollars to buy a new truck. after 5 years,he paid $7,500 in simple interest. what was the interest rate on his truck loan?
Click here to see answer by mananth(16946)

Question 1155548: me.angeli invested $5,000 at 8 and 1/2% interest for 9 months. how much interest did he earn on his investment? what is the total value of me.angeli’s investment after 9 months?
Click here to see answer by dkppathak(439)

Question 1155556: Before your high school year starts, you decide to invest into a new laptop that costs $1600. After a year, the value decreases by half. That makes it worth $800 after 1 year, worth $400 after 2 years, $200 after 3 and that same pattern would continue. The value/price of your computer for high school is getting smaller each year by a factor of 1/2. It kind of looks like division by 2, but remember that division by 2 is the same as multiplication by 1/2.

Click here to see answer by ikleyn(52781)

Question 1155617: The Business Club buys 20 whole pizzas to sell at the game. Each pie has 8 slices. The pies cost $10 each. They also buy 5 cases of water for $9 a case. Each case has 24 bottles. The club sells 75 slices of pizza for $3 a slice. They sell 35 bottles of water for $1 each. They sell 85 combos (a slice and water) for $3 each
Click here to see answer by ikleyn(52781)

Question 1155670: 675 tickets were sold for a game for a total of $800.00. If adult tickets sold for $1.50 and children's tickets sold for $1.00, how many of each kind of ticket were sold?
Click here to see answer by ikleyn(52781)

Question 1155672: Yesterday, John bought 5 deluxe hamburgers and 2 orders of cheese fries from the Hamburger Palace and paid $23.65. Today John purchased 3 deluxe hamburgers and 1 order of cheese fries and paid $13.80. What is the price of one deluxe hamburger? What is the price of one order of cheese fries?
Click here to see answer by josgarithmetic(39617)

Question 1155680: The values of most cars depreciate (decrease in value). Kristen paid $6700 for her car. It will lose 23% of its value each year. How much will her car be worth in 48 months?

Click here to see answer by Theo(13342)

Question 1155715: Suppose you invest $140 a month for 4 years into an account earning 6% compounded monthly. After 4 years, you leave the money, without making additional deposits, in the account for another 29 years. How mich will you have in the end?
Click here to see answer by Theo(13342)

Question 1155737: Bonnie invested $2,000 six years ago in an account which compounds interest annually at 3%. How much is Bonnie's account now worth?

Click here to see answer by Boreal(15235)

Question 1155758: Two hundred thirty-five children go to camp Luther. There are 17 more girls than boys. How many are girls?

Click here to see answer by math_helper(2461)

Question 1155758: Two hundred thirty-five children go to camp Luther. There are 17 more girls than boys. How many are girls?

Click here to see answer by greenestamps(13200)

Question 1155814: Harold is a salesperson in a retail store and earns $48 per week plus 12% of his weekly sales. If Harold made $600 one week, what were his sales that week?
Click here to see answer by ikleyn(52781)

Question 1155813: In 1983, Company A reported sales of $6 million. In 1984, the company had sales of $6.9 million. Find the percent of the change to the nearest tenth of a percent. Is this a percent of increase or decrease?
Click here to see answer by josmiceli(19441)

Question 1155826: Diana is a salesperson in a retail store and earns $39 per week plus 13% of her weekly sales. If Diana made $416 one week, what were her sales that week?
Click here to see answer by josgarithmetic(39617)

Question 1155825: Phyllis invested
44000
44000
dollars, a portion earning a simple interest rate of
5
5
percent per year and the rest earning a rate of
6
6
percent per year. After one year the total interest earned on these investments was
2430
2430
dollars. How much money did she invest at each rate?
Click here to see answer by MathLover1(20849)

Question 1155827: Two American states are not a part of the continental United States. What percent of states are included in the continental United States?
Click here to see answer by greenestamps(13200)

Question 1155725: what is the amount of the monthly payment if i secure a R55000 loan with a bank at 10.5%per annum compounded monthly,with a term of seven years?

Click here to see answer by Theo(13342)

Question 1155853: John needs money in 15 years’ time to pay for his son’s university fees. He is considering three investments options:
(i) A single amount of N$ 13 250 with interest compounded continuously
Click here to see answer by ikleyn(52781)

Question 1155938: You decide to drop out of college and work at the local hamburger place - against your mother's wishes. Each hour you wrap 208 hamburgers. You work 8 hours a day for 5 days a week. You get paid every two weeks with a salary of $821.02. How many hamburgers will you have to wrap to make your first million dollars? Answer in scientific notation to two decimal places.
Click here to see answer by ikleyn(52781)

Question 1155956: You decide to drop out of college and work at the local hamburger place - against your mother's wishes. Each hour you wrap 185 hamburgers. You work 8 hours a day for 5 days a week. You get paid every two weeks with a salary of $888.63. How many hamburgers will you have to wrap to make your first million dollars? Answer in scientific notation to two decimal places.
Click here to see answer by ikleyn(52781)

Question 1156235: the annual rate of inflation, in percent, of a home that increases in value from p to q over a period of n years is i=100((q)/(p))^((1)/(n))-100 find the annual rate of inflation, to the nearest tenth of a percent, of a home that doubles in value over 20 years
Click here to see answer by Theo(13342)

Question 1156316: Adam got $600 for his birthday and deposited it into his bank account. Each week he withdrawals $30 to go to the movies. After one week he has $570, two weeks $540, three weeks $510, and four weeks $480.
• 𝑓(w) = amount in his bank account after w weeks
• 𝑓(0) = 600
Enter an equation, for w ≥ 1, which describes the amount in Adam’s account, 𝑓(w), after w, weeks in terms of the amount in his account the previous week, 𝑓(w − 1).
Enter the amount Adam will have in his account after 10 weeks f(10).
Click here to see answer by stanbon(75887)

Question 1156393: 12. A firm is considering a capital project with a net cash flow as follows:
year 0 1 2 3 4 5
Net Cash
Flow
(80000) 18000 20000 25000 38000 45000
Calculate the IRR for the project using 1 = 6% and 2 = 15%. (8 marks)
�
Click here to see answer by Theo(13342)

Question 1156416: A school that sells tickets to its variety night sells adult tickets for 10 dollars and 7 dollars for students tickets. If a total of 350 tickets were sold and the total for revenue tickets was 2996 how many tickets were sold for adults and students
Click here to see answer by josgarithmetic(39617)

Question 1156472: Suppose that $2500 is invested in an account that pays interest compounded continuously. Find the amount of time that it would take for the account to grow to $3400 at a 4.75% interest rate.

Click here to see answer by Boreal(15235)

Question 1156501: Write an Equation for the exponential growth / decay situation given below.
a) The value of a painting that costs $1750 initially appreciates at the rate of 9% every
year.
b) The deer population in a state forest is decreasing at the rate of 15% every year. There
were 3000 deer in the forest originally.
Click here to see answer by ikleyn(52781)

Question 1156502:
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Question 1156503:
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Question 1156597: You travel 245 mi on 12.5 gal of gasoline. How many miles can you travel on 1 gal of gasoline?
Click here to see answer by ikleyn(52781)

Question 1156600: Find the perimeter of a rectangular that measures 5.5 I'm. by 4.25 in. Use the formula P=2L+2W
Click here to see answer by ikleyn(52781)

Question 1156599: You had a balance of $358.28 in your checking account. You then made a deposit of $189.55 and wrote a check for $61.89. Find the new balance in your checking account.
Click here to see answer by josgarithmetic(39617)

Question 1156674: If Linda, Ella and Sam share an amount of $150 such that Sam receives 3/2 times as much as Ella and Ella receives 3 times as much as Linda. Find the share of Linda

Click here to see answer by ikleyn(52781)

Question 1156690: Ms. Montgomery invested $1,600 at 10% simple interest at the beginning of each year for a period of ten years. Find the total accumulated value of all the investments at the end of the 10-year period.
Click here to see answer by ikleyn(52781)

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