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

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Question 1167629:
Billy was looking at his spending records. Last month he made a $225 truck payment,
spent $23.58 on some jeans, ate out three times for $6.23 each time, and used 20 gallons
of gasoline for which he paid $3.76 a gallon. How much were his total cash outflows?

Click here to see answer by ikleyn(52775)

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 Theo(13342)

Question 1167627: Ivan spent $23.53 on eating out this week, $40 on gasoline, and $20 on a school function.
How much were his total cash outflows?
Click here to see answer by ikleyn(52775)

Question 1167628: Jauna paid $18 for school lunches this week and bought some jewelry for $42.14. She
also bought a new shirt at the mall for $19.99 with the $40 she got for her birthday. How
much were her total cash outflows?

Click here to see answer by ikleyn(52775)

Question 1167617: Find how much money needs to be deposited now into an account to obtain $1,000 (future value) in 10 years if the interest rate is 4.5% per year compounded annually.
Click here to see answer by ikleyn(52775)

Question 1167711: You can afford a $450 per month car payment. You've found a 5-year loan at 6% interest. How big of a loan can you afford?
Click here to see answer by Theo(13342)

Question 1167702: A car and a bus set out at 6 P.M. from the same point headed in the same direction. The average speed of the car is twice the average speed of the bus. In 2 h, the car is 68 mi ahead of the bus. Find the rate of the car.
Click here to see answer by Theo(13342)

Question 1167729: Marielle helps her mom clean houses on weekends and gets paid $25 per house. She
helped clean four houses on Saturday. She also got a rebate check in the mail for $35
from a video game she bought. How much were her cash inflows this week?
Click here to see answer by ikleyn(52775)

Question 1167728: Nilam’s paycheck from the local store was $87.50 last week. He also got a $50 birthday
gift from his aunt and sold an old guitar for $250. What were his cash inflows last week?
Click here to see answer by ikleyn(52775)

Question 1167727: Zeb makes about $120 a week working in his mom’s restaurant. He also gets a $30
allowance from his grandparents every week to help them with some chores. How much
is his weekly cash inflow?
Click here to see answer by ikleyn(52775)

Question 1167726: Lucinda makes $50 every Friday night babysitting and she also sold $276 worth of
clothes on eBay last week. What where her cash inflows last week?
Click here to see answer by ikleyn(52775)

Question 1167616: Find how much money needs to be deposited now into an account to obtain $1,000(future value) in 10 years if the interest rate is 4.5% per year compounded continuously.
Click here to see answer by VFBundy(438)

Question 1167781: A clothes store sells boots, shoes and shirts. Each day, on
average, three times as many shoes are sold as boots, and
eight times as many shirts as shoes. The price of shoes is
identical to that of boots - NIS 250, and the price of shirts is
half of that price. In the last month, the store was open 20
days, and its total income was NIS 480,000. How many shirts,
on average, were sold each day in the last month?
(NIS is Israeli Currency) I don't understand how to make this into an algebraic
equation. Please walk me through step by step.
Click here to see answer by Theo(13342)

Question 1167807: A vehicle purchase for $25,000 depreciates at a constant rate of 8% determine the approximate value of the vehicle 14 years after purchase round to the nearest whole dollar
Click here to see answer by Boreal(15235)

Question 1167806: Find how much money needs to be deposited now into an account to obtain $7700 in 15 years if the interest rate is 8% per year compounded monthly
Click here to see answer by Boreal(15235)

Question 1167949: The demand equation for a certain product is given by p = 118 −0.045x, where p is the unit price (in dollars) of the product and x is the number of units produced.
The total revenue obtained by producing and selling x units is given by R = x*p.
Determine prices (p) that would yield a revenue of 9200 dollars.
Lowest such price = ? dollars
Highest such price = ? dollars
Please help me with this!!
Click here to see answer by Theo(13342)

Question 1168009: Omar wants to purchase a new bicycle for $134.45 and helmet for $22.55.
If the sales tax rate is 8%, what will be the total amount of Omar's purchase including sales tax?
Click here to see answer by Boreal(15235)

Question 1168024: Jim invested $4,000 in a bond at a yearly rate of 4.5%. He earned $540 in interest
How long was the money invested
Click here to see answer by Boreal(15235)

Question 1168024: Jim invested $4,000 in a bond at a yearly rate of 4.5%. He earned $540 in interest
How long was the money invested
Click here to see answer by MathTherapy(10551)

Question 1168035: A store manager lists the selling price of a DVD player at $168. The profit is 20% of the cost. Find the cost.
Click here to see answer by Boreal(15235)

Question 1168065: Martha has $95 in her savings. She gets paid $20 a week from each paycheck. How much is in her savings after a waak
Click here to see answer by josgarithmetic(39616)

Question 1168150: Kitty puts ¼ of her the money she earned from selling embutido in savings and uses ½ of the remaining money to pay back her father (who loaned her the capital). If she has Php 1500 left, how much did she have in the first place?
Click here to see answer by Theo(13342)

Question 1168202: An investor bought a number of shares of stock for $1500. After the price dropped by $20 per share, the investor sold all but 4 of her shares for $1050. How many shares did she originally buy?
Click here to see answer by ikleyn(52775)

Question 1168227: a man leaves 60000$to his children and grandchildren, seven in all. the children receive 1/3 of it, which is 2000 more a piece than the grandchildren get. how much is the amount received by the grandchildren
Click here to see answer by Theo(13342)

Question 1168273: Tom and Jerry are selling fruit for a charity fundraiser. Customers can buy small boxes of oranges and large boxes of oranges. Tom sold 3 small boxes of oranges and 14 large boxes of oranges for a total of $203. Jerry sold 11 small boxes of oranges and 11 large boxes of oranges for a total of $220. Find the cost each of one small box of oranges and one large box of oranges.
Click here to see answer by josgarithmetic(39616)

Question 1168345: Sarah will babysit 4 times a month and typically get 20 dollars each time. She also works 100 hours a month as a server at a nearby restaurant. The restaurant pays her a wage of $6.50 an hour. She also gets about $9 an hour in tips while working at the restaurant. What is her total cash inflow for the month?

Click here to see answer by Theo(13342)

Question 1168349: How many months will it take Harlan to save enough money to put a down payment on a motorcycle if the bike will cost $3,000 and he needs a 20 percent down payment and he can
save about $75 a month?
Click here to see answer by Boreal(15235)

Question 1168348: Rob wants to buy a new canoe that will cost $720. How many months will it take him to save enough money to buy it if his cash inflows average about $420 a month and his current
cash outflows are $360 a month?
Click here to see answer by Boreal(15235)

Question 1168352: joan has 4,000 invested , partly 5% and the remainder 3% interest. the total income he received in 2018. how much does he have invested in each investment
Click here to see answer by Boreal(15235)

Question 1168396: Rob wants to buy a new canoe that will cost $720. How many months will it take him to save enough money to buy it if his cash inflows average about $420 a month and his current
cash outflows are $360 a month?
Click here to see answer by ikleyn(52775)

Question 1168395: Marcos needs to save $2,000 for college next year. If he has 12 months before he needs the money, how much will he need to save every month? Round to the nearest dollar.
Click here to see answer by ikleyn(52775)

Question 1168455: Having some trouble with this one. Any help is appreciated
Suppose Miss Roxanne Davenport is 25 years old right now and puts away $1,800 per quarter in an account that returns 6% interest.
a. How much will be in the account when she turns 65?

b. What is her total contribution to the account?

c. How much interest did she earn?
Click here to see answer by Theo(13342)

Question 1168648: A person invests $4050 in stocks today, and their value doubles every 4 years. Let f (t) be the value (in dollars) of the investment at t years from now
A. Find an equation of f.
B Find the value of the investment 20 years from now
a. f can be modeled by the exponential equation of the form f(t)=ab^t with the following values kof a and b.
THE ANSWERS I NEED TO FIND ARE:
a=
b=
Click here to see answer by Theo(13342)

Question 1168681: Kira bought a desktop computer and a laptop computer. before finance charges, the laptop cost $200 less than the desktop. she paid for the computer using two different financing plans. for the desktop the interest rate was 9% per year, and for the laptop it was 7% per year the total finance charges for one year were $306 how much did each computer cost before finance charges?
Click here to see answer by Theo(13342)

Question 1168706: Manuel is going to rent a truck for one day. there are two companies he can choose from, and they have the following prices. company A has no initial fee but charges 70 cents for every mile driven Company B charges an initial fee of $60 and additional 60 cents for every mile driven
Click here to see answer by solver91311(24713)

Question 1168731: Sam and Tyra are selling fruit for a charity fundraiser. Customers can buy small boxes of oranges and large boxes of oranges. Sam sold three small boxes of oranges and 14 large boxes of oranges for a total of $203. Tyra sold 11 small boxes of oranges and 11 large box of oranges for a total of $220. Find the cost each of one small box of oranges and one large box of oranges. You must show equation you use to solve the problem.
Click here to see answer by josgarithmetic(39616)

Question 1168738: A company produces very unusual cd’s for which the variable cost is $17 per CD and the fixed cost are $35000. They will sell the cd’s for $49 each. Let x be the number of cd’s produced. Write the total cost C as a function of the number of cd’s produced.
C=$_______
Write the total revenue R as a function of the number of cd’s produced.
R=$_______
Write the total profit P as a function of the number of cd’s produced
P=$___________
Find the number of cd’s which must be produced to break even.
The number of cd’s in which must be produced to break even is __________
Click here to see answer by Theo(13342)

Question 1168746: Becky needs another $1,100 in her vehicle fund to purchase the car she wants. Her parents offer to loan her the money, but want to teach her about the time value of money. They offer to have her repay the loan in the future using money from freelance work. They agree that she will repay $475 at each of her next three booked engagements. These events are 3, 9 and 16 months from now. Assume a 5% cost of capital. Assume there is no risk of default, and that compounding is monthly. What is the NPV of the loan from her parents' perspective?
Click here to see answer by Theo(13342)

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