Tutors Answer Your Questions about Money Word Problems (FREE)
Question 1156693: Darla the Darling Dot Dudette has $400 to deposit in two different savings accounts. 1. She deposits $300 into Account 1, which earns 4.5% annual simple interest. 2. She deposits $100 into Account 2, which earns 3% interest compounded annually. She does not make any additional deposits or withdrawals. What will be the total balance of these 2 accounts at the end of 3 years?
Click here to see answer by ikleyn(52785)   |
Question 1156944: Strontium 90 is a radioactive material that decays according to the function Upper A left parenthesis t right parenthesis equals Upper A 0 e Superscript negative 0.0244 t Baseline comma where Upper A 0 is the initial amount present and A is the amount present at time t (in years). Assume that a scientist has a sample of 400 grams of strontium 90.
Click here to see answer by ikleyn(52785) |
Question 1156944: Strontium 90 is a radioactive material that decays according to the function Upper A left parenthesis t right parenthesis equals Upper A 0 e Superscript negative 0.0244 t Baseline comma where Upper A 0 is the initial amount present and A is the amount present at time t (in years). Assume that a scientist has a sample of 400 grams of strontium 90.
Click here to see answer by josgarithmetic(39617) |
Question 1156966: Lydia invested
$1700 in an account that pays 2.75% interest compounded annually. Assuming no deposits or withdrawals are made, find how much money Lydia would have in the account 7 years after her initial investment. Round to the nearest tenth (if necessary).
Click here to see answer by ikleyn(52785) |
Question 1156966: Lydia invested
$1700 in an account that pays 2.75% interest compounded annually. Assuming no deposits or withdrawals are made, find how much money Lydia would have in the account 7 years after her initial investment. Round to the nearest tenth (if necessary).
Click here to see answer by mananth(16946)  |
Question 1156978: Rachel borrowed
$800
from her parents and will pay them back
$75
every week. Which of the following gives an appropriate linear model for this situation, where
x
is the number of weeks and
f(x)
is the amount that she still owes to her parents?
Click here to see answer by josgarithmetic(39617) |
Question 1157355: Can you please help me with this problem? I've been trying to figure it out but I'm stuck. I appreciate any help.
Juanita and Liz are buying a house. They have $23000 for a down payment. The house price is $157000. If the interest rate is 5.6% compounded monthly, determine the size of the monthly payments they must make over the next 30 years to pay off the house.
Express your answer rounded to the nearest cent!
Click here to see answer by Theo(13342)  |
Question 1157415: You have just invested 100,000 from your Great Aunt. Rather than spend the money you are going to invest the money and use the annual interest to pay for private schooling. The annual tuition is $5150. You have decided to invest the money in two different accounts one paying 7% the other paying 4%/ How much should you invest in each account to earn as close to $5150 as possible
Click here to see answer by Boreal(15235)  |
Question 1157365: Please help, I am really stuck on this question. Thank You!
John and his wife, Nichole, both work and have a combined gross income of $90000 per year. They estimate the property taxes on their condo will be $1150 and insurance would be about $1280 per year. John takes the bus to work, but Nichole has a car payment of $275 per month, and they are both still paying off student loans for a combined total of $285 per month. Use this information to answer the questions below.
Express your answers rounded correctly to the nearest cent!
(i) Determine how much of a monthly mortgage John and Nichole can afford.
Payment = $
(ii) If the couple can get a 30-year mortgage with a fixed rate of 7.1%, use Excel's PV function to determine how much house they could afford
Amount to Borrow = $
Click here to see answer by Theo(13342) |
Question 1157837: Last month Molly earned $200 a week and got a bonus of $150. During the same period, Harry earned $300 a week and got a bonus of $50. If these earnings continue, when will their earnings be the same, and what will the amount be?
Click here to see answer by Theo(13342) |
Question 1157837: Last month Molly earned $200 a week and got a bonus of $150. During the same period, Harry earned $300 a week and got a bonus of $50. If these earnings continue, when will their earnings be the same, and what will the amount be?
Click here to see answer by MathTherapy(10552)  |
Question 1158038: For each of the cases shown in the following table, calculate the future value of the single cash flow deposited today at the end of the deposit period if the interest is compounded annually at the rate specified.
Case Single cash flow Interest rate Deposit period (years)
A $ 200 5% 20
B 4,500 8 7
C 10,000 9 10
D 25,000 10 12
E 37,000 11 5
F 40,000 12 9
Click here to see answer by Shin123(626)  |
Question 1158314: Blake has a total of $12,000 to invest into two accounts. One account earns 2% simple interest and the other earns 5% simple interest. How much should be invested in each account to earn exactly $390 at the end of one year
Click here to see answer by Boreal(15235) |
Question 1158346: Money is invested at two rates of interest. One rate is 6% and the other is
2%.If there is $1200 more invested at 6% than at 2%, find the amount invested at each rate if the total annual interest received is $890.Let x=amount invested at
6% and y= amount invested at 2%.Then the system that models the problem is
{x=y+1200
0.06x+0.02y=890.Solve the system by using the method of addition.
Click here to see answer by josmiceli(19441)  |
Question 1158316: 1) Laurie has $15,000 to invest. She placed a portion of the funds in a savings account and 3,000 more than twice this amount in a checking account. How much did Laurie place in each account?
2) The charity group helps the children living in poverty all over the world. In 2001 donation were about $120.5 million and in 2005 donation were about $216.5 million. The organization assumes that this trend will continue at a constant rate in the future.
2.a) find the rate of change (slope) of donations over time and explain its meaning in the context of this problem?
2.b) write an equation to represent this situation.
2.c) how much in donation can the organization expect in the year 2025?
Click here to see answer by mananth(16946) |
Question 1158316: 1) Laurie has $15,000 to invest. She placed a portion of the funds in a savings account and 3,000 more than twice this amount in a checking account. How much did Laurie place in each account?
2) The charity group helps the children living in poverty all over the world. In 2001 donation were about $120.5 million and in 2005 donation were about $216.5 million. The organization assumes that this trend will continue at a constant rate in the future.
2.a) find the rate of change (slope) of donations over time and explain its meaning in the context of this problem?
2.b) write an equation to represent this situation.
2.c) how much in donation can the organization expect in the year 2025?
Click here to see answer by ikleyn(52785) |
Question 1158316: 1) Laurie has $15,000 to invest. She placed a portion of the funds in a savings account and 3,000 more than twice this amount in a checking account. How much did Laurie place in each account?
2) The charity group helps the children living in poverty all over the world. In 2001 donation were about $120.5 million and in 2005 donation were about $216.5 million. The organization assumes that this trend will continue at a constant rate in the future.
2.a) find the rate of change (slope) of donations over time and explain its meaning in the context of this problem?
2.b) write an equation to represent this situation.
2.c) how much in donation can the organization expect in the year 2025?
Click here to see answer by josgarithmetic(39617) |
Question 1158370: Suppose your salary in 2013 is $60,000. Assuming an annual inflation rate of 9%, what salary do you need to earn in 2019 in order to have the same purchasing power? (Round your answer to two decimal places.)
Click here to see answer by ikleyn(52785) |
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