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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 1165207: Kenny makes $50.00 every Friday night babysitting and she also sold $276.00 worth of clothes on eBay last week. What were his cash inflows last week

Click here to see answer by solver91311(24713)

Question 1165313: If you have $400,000 in your retirement account, and you are currently making 8% interest on your account, how much can you withdraw from it a year without decreasing the amount in your account?
Click here to see answer by Theo(13342)

Question 1165392: Paige bought a car from a friend for $6500. The bank made her a simple interest loan with an interest rate at 7.25% per year for 3 years. How much will paige really pay for the car
Click here to see answer by Boreal(15235)

Question 1165452: what is the price of 9 potatoes if 6 potatoes cost 1.49

Click here to see answer by ikleyn(52747)

Question 1165537: Kate has $4 more then twice as much as joe does. joy has 16 less then Maria in all they have 220 how much does how have
Click here to see answer by josgarithmetic(39613)

Question 1165778: A tune-up automotive facility marks up its parts by35 %. Suppose that the facility charges its customers $2.43 for each spark plug it sells. What is the facility's cost for each spark plug?
Click here to see answer by ikleyn(52747)

Question 1165791: Solve this application problem using a system of equations: 40,000 people attended a ballgame at a stadium that offers two kinds of seats: general admission and reserved. The day's receipts were $425,000. How many people paid $15.00 for reserved seats, and how manypaid $8.00 for general admission?
Click here to see answer by josgarithmetic(39613)

Question 1165810: Mr. Flores invested Php 25,000.00 of his bonus at 16% per annum. He found another investment opportunity at 20% per annum where he invested the rest of his bonus. If he realized a total of yearly income of 19% on his two investments, How much did he invest at 20%? What was the amount of his bonus.
Click here to see answer by Theo(13342)

Question 1165868: 2. At the time of her grandson's birth, a grandmother deposits $ 1000 in an account that pays 8.5% compounded quarterly. What will be the value of the account at the child's twenty-first birthday, assuming that no other deposits or withdrawals are made during this period?
Click here to see answer by ankor@dixie-net.com(22740)

Question 1166224: Brando bought 20 chicken for P200.00. The cocks cost P30.00 each, hens P15.00 each, and chicks P5.00 each. How many cocks did he buy?

Click here to see answer by josgarithmetic(39613)

Question 1166289: 25% of monthly net income is used for a house payment of $796. What is the monthly net income?
Click here to see answer by math_helper(2461)

Question 1166054: The Math Club raised $4000 to attend a future competition. The club invested part of the money in an account that paid 5% interest, and the rest in a government savings bond that paid 4% interest per year. After one year, the club had earned a total of $170 in interest. How much was invested at each rate?
Click here to see answer by ankor@dixie-net.com(22740)

Question 1166413: Mrs. Khan has a fixed deposit for 1,50000 in the bank. She invested this money 6 months back for a year at 10% a year which is compounded 6 monthly. If she decided to withdraw that money before time tell me the interest earned
Click here to see answer by ikleyn(52747)

Question 1166489: A total of $16,000 is divided among three investments. The annual interest rates for the three investments are 5%, 6%, and 7%. If the total of $940 in interest per year, and the amount invested at 6% is $3,000 less than the amount invested at 5%, then find the amount invested at each rate.
Click here to see answer by solver91311(24713)

Question 1166613: angelo and imee had a total of P480. after angelo spent P20, he had 3 times as much as imee. How much did angelo have?
Click here to see answer by josgarithmetic(39613)

Question 1166617: 3 notebooks and 2 pens cost P330. 2 notebooks and 3 pens cost P240. find the cost of 1 notebook and 1 pen.
Click here to see answer by josgarithmetic(39613)

Question 1166617: 3 notebooks and 2 pens cost P330. 2 notebooks and 3 pens cost P240. find the cost of 1 notebook and 1 pen.
Click here to see answer by greenestamps(13195)

Question 1166617: 3 notebooks and 2 pens cost P330. 2 notebooks and 3 pens cost P240. find the cost of 1 notebook and 1 pen.
Click here to see answer by ikleyn(52747)

Question 1166621: We went to the market to buy some fruit. We decided to buy some apples, strawberries, and oranges. If we buy 2
apples, 3 boxes of strawberry, and 4 oranges, the fruit would cost $15.30. If we buy 1 box of strawberry, 4 apples, and
2 oranges, the fruit would cost $10.90. If we buy 1 orange, 5 apples and 2 boxes of strawberry, the fruit would cost
$13.70. Use the Gaussian Elimination Method to solve for the price of each fruit
Click here to see answer by greenestamps(13195)

Question 1166624: A financial consultant wishes to invest up to a total of $30,000 in two types of securities, one that yields 10% per year and the other yields 8% per year. Furthermore, she believes that the amount invested in the first security should be at most one-third of the amount invested in the second security. What investment program should the consultant pursue in order to maximize income?
Clearly outline the objective function and the constraints.
Click here to see answer by ikleyn(52747)

Question 1166627: Please help me solve these thank you so much
2. Johnny and Darren both earn $250 working on their respective neighbors' big farms. Johnny puts his $250 in the piggy bank that his parents gave him to encourage him to save. Darren puts his money in a savings account his parents set up for him. The savings account pays 6% interest. They both take their money out after 6 years. How much more money does Darren have than Johnny?

$1,493.83

$354.63

$104.63

$155.98
Click here to see answer by solver91311(24713)

Question 1166828: Find the amount in an account where $500 is invested at 2.5% compounded continuously for a period of 10 years.
Click here to see answer by ikleyn(52747)

Question 1166827: Find the amount in an account where $500 is invested at 2.5% compounded quarterly for a period of 10 years.
Click here to see answer by ikleyn(52747)

Question 1166833: The fee to rent a hall for a wedding is $1,450 plus $50 per hour. For how many hours can it be rented for and stay within a budget of $2,100?
Click here to see answer by ikleyn(52747)

Question 1166865: The length of a rectangle is
5
inches more than
4
times the width. If the area of the rectangle is
84
square inches, find the length and the width.
Click here to see answer by josgarithmetic(39613)

Question 1166911: Before getting paid, Brian had a balance of $250 in his checking account. He then received his paycheck of $1,150 by direct deposit. His rent is $650, and his utilities are $50. He bought $300 worth of groceries. He went to the movie theater to watch the latest release and spent $20 on his movie ticket, popcorn, and a drink. He spent $40 on gas for his car and bought $100 worth of clothes at the mall.
How much money does Brian have left?

Click here to see answer by ikleyn(52747)

Question 1166961: WEX Company accepted a Php 420,700 in 9.6% , 150-day note dated. August 1 from QUAS Corporation in settlement of a past bill. On November 6, WEX discounted the note at Rural bank at 11.5%
a. How much is the value of the note
b. How much is the banks carning?
c. How much does WEX company received after discounting the note?
Click here to see answer by ikleyn(52747)

Question 1166960: Cris Adolfo borrowed php 80000 at 10.4% simple interest for 130 days. On day 40, July 3, of the loan, he made a partial payment of php 12500. He made another payment of php 14,500 that pays php 790.68 of intetest.
a. When did Cris made the second partial payment?
b. How much is being paid to his loan in his partial payment?
c. How much does he need to pay on the due date?

Click here to see answer by ikleyn(52747)

Question 1167001: Wei is worth $30 000 depreciates in value by 10% every year. After 5 years how much will be the worth of the phone?
Click here to see answer by josgarithmetic(39613)

Question 1167098: Two brothers, Mark and Charles, each inherit $32000. Mark invests his inheritance in a savings account with an annual return of 2.8%, while Charles invests his inheritance in a CD paying 4.6% annually. How much more money than Mark does Charles have after 1 year?

Click here to see answer by dkppathak(439)

Question 1167134:
A mother wants to invest $9,000 for her son's future education. She invests a portion of the money in a bank certificate of deposit (CD account) which earns 4% simple interest and the remainder in a savings bond that earns 5% simple interest. If the total interest earned after one year is $ 405,how much money was invested in each account?
The amount of money that was invested in the CD account is?
The amount of money that was invested in the savings bond is?

Click here to see answer by greenestamps(13195)

Question 1167216:
13
-foot ladder is placed so that it reaches to a point on the wall that is
2 feet higher than twice the distance from the base of the wall to the base of the ladder. How far from the wall is the base of the ladder? How high does the ladder reach?
Click here to see answer by josgarithmetic(39613)

Question 1167264: Larry mitchel invested part of his $13,000 advance at 7% annual simple interest and the rest at 3% annual simple interest. If his total yearly interest from both accounts was $870, find the amount invested at each rate
Click here to see answer by ikleyn(52747)

Question 1167325: Henry and Gordon share $650 in the ratio 8 : 5. How much money must Henry give to Gordon so that they will both have an equal amount of money?
Click here to see answer by josgarithmetic(39613)

Question 1167324: John received an inheritance of $12,000$12,000 that he divided into three parts
and invested in three ways: in a money-market fund paying 3%3% annual interest;
in municipal bonds paying 4%4% annual interest; and in mutual funds
paying 7%7% annual interest. John invested $4,000$4,000 more in municipal funds
than in municipal bonds. He earned $670$670 in interest the first year. How much
did John invest in each type of fund?
Click here to see answer by Boreal(15235)

Question 1167363: Overtime function:
 You have a job where you make $10 per hour.
 After you work 40 hours you get paid time and one half.
 You may only work a maximum of 60 hours.
Write a piecewise function that represents your pay for up to 60 hours.
Click here to see answer by Theo(13342)

Question 1167449: A store has $50,000 of inventory in notebook computers and desktop computers. The profit on a notebook computer is 25% and the profit on a desktop computer is 20%. The profit for the entire stock is 23%. How much is invested in notebook computers and how much in desktop computer?

Click here to see answer by ikleyn(52747)

Question 1167420: Amanda invested Php 12,000 in an institution. When her investment reached its maturity date, she received Php 15,000. How much interest did she gain?

Click here to see answer by ikleyn(52747)

Question 1167447: You can afford a $200 per month car payment. You've found a 5 year loan at 2% interest. How big of a loan can you afford?
Click here to see answer by Theo(13342)

Question 1167530: The Jurassic charges $11 for each adult admission and $4 for each child admission. The total cost for 239 people from a school trip was $1439. How many adults and how many children went to the zoo.
Click here to see answer by solver91311(24713)

Question 1167611: The cost of running an paint shop businessis made up the following:
Office Rental= 40%
Labor = 35%
Materials = 20%
Miscellaneous = 5%
If the office rental increased by 24%, labor increase by 15%, cost of materials increased by 20% and the miscellaneouscosts are unchanged, find the percentage change in the cost of running the shop.
Click here to see answer by Theo(13342)

Question 1167626: Ramon bought two new tires for his truck that cost $274. He also changed the oil and filter,
which cost him $24.32 for supplies. How much did he spend on vehicle maintenance
this month?
Click here to see answer by Edwin McCravy(20054)

Question 1167630: Brian’s car payment is $178.45 and his car insurance last year was $645. He also spent an average of $75 a month on gasoline and repairs. How much were his total cash outflows
for his car last year?

Click here to see answer by ikleyn(52747)

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