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

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Question 1164233: A sum of $25,000 is invested in a savings account which pays interest at a rate of 7 percent per year compounded annually. If the amount is kept on deposit for 15 years, what will be the compound amount equal? How much interest will be earned during the 15 years?
Click here to see answer by greenestamps(13195)

Question 1164264: martha is 35 1/2 years old and cheska is 3 2/3 years younger than martha. how old is cheska?
Click here to see answer by ikleyn(52748)

Question 1164271: Linda and Juan went shopping. Linda spent less than Juan . If we let y represent how much Juan spent, write an algebraic expression for how much Linda spent.
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Question 1164231: A principal of $50,000 has been invested at an interest rate of 9 percent per year compounded semi annually. If the principal has been invested for 8 years, determine the compound amount at the end of this period.
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Question 1164227: Given $400,000 today, determine the equivalent series of 24 semi annual payments which could be generated beginning in 6 months. Assume interest can be earned at a rate of 7 percent per year compounded semi annually
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Question 1164301: Phyllis invested $10,000, a portion earning a simple interest rate of 6 1/5% per year and the rest earning a rate of 6% per year. After 1 year the total interest earned on these investments was $612. How much money did she invest at each rate?
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Question 1164315: Sum of $250,000 earns interest at a rate of 12% per year compounded quarterly. How long will it take the investment to grow to $ 400,000?
Click here to see answer by Boreal(15235)

Question 1164208: Business: Concession Markup A movie theater markup the candy it sells by 275%. If a box of candy sells for $4.50 at the theater, how much did the theater pay for the box?

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Question 1164052: A project on Kickstarter for an iPad stylus raised 1,233% of their goal, raising a total of $326,198 from 7,690 supporters. What was their original goal?
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Question 1164348: Given $400,000 today, determine the equivalent series of 24 semi annual payments which could be generated beginning in 6 months. Assume interest can be earned at a rate of 7 percent per year compounded semi annually''.
Click here to see answer by ikleyn(52748)

Question 1164349: Given $400,000 today, determine the equivalent series of 24 semi annual payments which could be generated beginning in 6 months. Assume interest can be earned at a rate of 7 percent per year compounded semi annually.
where A= Present value of annuity 400,000
i= interest rate per period = 0.07/2 = 0.035
n = number of annuity
Click here to see answer by Theo(13342)

Question 1164517: On October 1,,2004, the euro (European dollar) was worth $1,24 (U,S, dollars).
What is the value of 500 Eulos in U.S, dollars?
Click here to see answer by ikleyn(52748)

Question 1164535: there were 12 packages total, split between small flat-rate boxes for Php 5 each and medium flat-rate boxes for Php 10.50 each. The total cost was about Php 110. How many of each type did she ship?
Click here to see answer by solver91311(24713)

Question 1164653: Castel spent half of his weekly allowance playing mini-golf. To earn more money his parents let him clean the gutters for $5.46. What is his weekly allowance if he ended with $12.66?
Click here to see answer by josgarithmetic(39613)

Question 1164649: The value of 100 Euros in Different Currencie are:
US Dollar 133.8
British Pounds 89.9
Australian Dollars 143.2
Russian Ruble 4239.6
Questions:
1) 45 British pounds is approximately to how many russian ruble?
2) Approximately how many Euros will you get for 100 Australian Dollars?
3) Approximately how many US Dollars will you get for 48 Australian Dollars?
Click here to see answer by Theo(13342)

Question 1164662: Megan wants to buy a designer handbag and plans to earn the money from babysitting. Suppose the interest rate is 7% and she is willing to wait one year to purchase the bag. How much babysitting money will she need to earn today to buy the bag for $550 one year from now?
Click here to see answer by greenestamps(13195)

Question 1164640: A university endowment fund has invested $5 million in United States government certificates of deposit. Interest of 6 percent per year compounded quarterly, will be earned for 15 years. To what amount will the investment grow during this period? How much interest will be earned?
Click here to see answer by Theo(13342)

Question 1164695: A well drilling company offers two plans. Under the "pay as you go" plan, they charge $300 plus $5 per foot for a well of any depth. Under the "guaranteed-water" plan, they charch a flat fee of $8000 for a well that is guarenteed to preovide adaquate water for a household. For what depths would save a customer money to use the "pay as you go" plan?

Click here to see answer by Theo(13342)

Question 1164724: Janet drove 268 kilometers and the trip took 4 hours. How fast was Janet traveling?
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Question 1164724: Janet drove 268 kilometers and the trip took 4 hours. How fast was Janet traveling?
Click here to see answer by Alan3354(69443)

Question 1164738: Ashley has $120, 000 to invest and decides to put some in a CD that earns 4% interest per year and the rest in a low-risk stock that earns 3%. How much did she invest in each to earn $ 3800 interest in the first year?
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Question 1164688: You have a part-time job that pays Php150 per hour. If you work more than 40 hours, you will be paid an additional 20 pesos for the succeeding hours until the 50th hour. Beyond that, you are already paid 1.5 times your hourly rate. Represent these with a function and sketch the graph of the pay per unit hour.
Click here to see answer by Theo(13342)

Question 1164792: An investment
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Question 1164803: The admission fee at an amusement park is $2.00 for children and $5.20 for adults. On a certain day, 237 people entered the park, and the admission fees collected totaled $810. How many children and how many adults were admitted?
Click here to see answer by josgarithmetic(39613)

Question 1164802: A bank loaned out $7,500, part of it at the rate of 14% annual interest, and the rest at 9% annual interest. The total interest earned for both loans was $825.00. How much was loaned at each rate?

Click here to see answer by ikleyn(52748)

Question 1164761: Assume you have a balance of $3200 on your credit card that you want to pay off. Calculate your monthly payment and total payment under the given conditions. Assume you make no additional charges to the card:
Find the savings plan balance after 7 months with an APR of 2% and monthly payments of $368.

Click here to see answer by Theo(13342)

Question 1164855: Michael and Jessica decide to invest $2,000 in a portfolio of stocks for a time period of 5 years. They believe that the portfolio would give them a return on investment of 8%. What would be the total sum at the end of 5th year?

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Question 1164856: Earl Broker is 25 years old, senior in college and he decides to put $150 every year in a Roth IRA through Vanguard Total Stock Market ETF. It gives the return of 10%. Find the total sum he will receive when he will withdraw the money in his 65th birthday.
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Question 1164988: Nancy buys beads for $17.50 and hires Kim at $9.50 per hour to make earrings using the beads. Kim makes 61 earrings in 11 hours using all available beads. If Nancy wants to make a profit of at least $90, at what price, in dollars, must she sell each earring? (Ignore the cost of any other materials used to make earrings.
Click here to see answer by solver91311(24713)

Question 1165000: Three girls, Ann, Betty and Cynthia, each have a younger brother, Dylan,
Ernie and Frank, respectively. All six children do some fruit picking for
the local farmer. The farmer agrees to pay each child as many dollars per
basket as the number of baskets of fruit collected by that child. Each of
the girls earned $45 more than her brother, and all six children collected
a different number of baskets. How much did the farmer pay them all in
total?
Click here to see answer by ikleyn(52748)

Question 1165025: A recipe calls for 8.5 cups of flour. If the recipe is for 4 dozen cookies, how much flour is needed for 19 dozen cookies?

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Question 1165036: A builder of tract homes reduced the price of a model by 10%. If the new price is $180,000, what was its original price? How much can be saved by purchasing the model?
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Question 1165066: A hardcover book is marked down to $15.60 once the book comes out in paperback. If this is the new price after a 35% markdown, determine the original price.
Click here to see answer by Boreal(15235)

Question 1165073: My Chris and John decided to go running mate can run 4 mph Chris can run 6 mph and John can run 5 mph Mike ran for one hour and 45 minutes Chris around 70 minutes and John ran 90 minutes if Chris ran for 10 miles how many more miles would might have to run the exact same amount
Click here to see answer by greenestamps(13195)

Question 1165126: Brittany went to Japan for a business trip. Brittany converted $ 1,500 US into 155,835 Yen at the local bank. Brittany spent 90,384 Yen on this trip and returned with the remaining Yen to the US.
Round answer to the nearest whole dollar.
Click here to see answer by greenestamps(13195)

Question 1165175: a total of $4300 was invested, part of it at 8% and the remainder at 13%. if the total yearly interest amounted to $375. how much was invested at each rate?
Click here to see answer by josgarithmetic(39613)

Question 1165176: Ashley wants to acculate 5000,000 5 years from now, as a college fund for her daughter. If money is worth 21 4/5% compounded semi-annually, the amount she will invest now is?
The time it would tske for 90,500 to amount to 200,000 if its is invested at 16 3/4% compounded quarterly is?
An investment her 23,000 in increased by 20% of its mount if invested at 5% per quarter. the term of investment is?
Marie invested her 68,400 in the bank and returend her 100,000 per 4 years and 6 months. The investment rate compound semi-annually is?
Click here to see answer by ikleyn(52748)

Question 1165200: 5 burgers and 3 fries cost $23. 5 burgers and 1 fry cost $20. How much is one burger?
Click here to see answer by Theo(13342)

Question 1165231: Suppose you want to have $500,000 for retirement in 30 years. Your account earns 7% interest. How much would you need to deposit in the account each month?

Click here to see answer by ikleyn(52748)

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