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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 162780: if 8000 dollars is invested at 7.5% for 2 years, what is the simple intrest earned?
Click here to see answer by user_dude2008(1862)

Question 162902: clark earned $403 in simple interest on an investment of $5700. some of the money earned an interest rate of 4%, andthe rest earned 9%. How much did he invest at each rate?
Click here to see answer by elima(1433)

Question 163188: Jose is applying to college. he receives information on 9 different colleges. he will apply to all of those he likes. he may like none of them, all of them, or or any combination of them. how many possibilities are there for the set of colleges that he applies to?
Click here to see answer by Anthea Lawn(22)

Question 163339: The cost of the gold bracelet was $20.00 more than three times the silver one. Together they cost $320.00. How much did each cost?
Click here to see answer by checkley77(12844)

Question 163338: The cost of the gold bracelet was $20.00 more than three times the silver one. Together they cost $320.00. How much did each cost?
Click here to see answer by checkley77(12844)

Question 163334: Ming Lee spent $10.20 for a pizza and a soft drink. If the pizza cost 11 times as much as the beverage, how much was each?
Click here to see answer by checkley77(12844)

Question 163514: hi guys need your help on this one
A VENDOR SELLS HOT DOGS AND BAGS OF POTATO CHIPS. A CUSTOMER BUYS 2 DOGS AND 5 BAGS OF POTATO CHIPS FOR $12.00. ANOTHER CUSTOMER BUYS 5 HOT DOGS AND 3 BAGS OF POTATO CHIPS FOR $15.75. FIND THE COST OF EACH ITEM.

Click here to see answer by checkley77(12844)

Question 163554: robert inherited $4,000 from his grandmother. part was invested at 5 %while the rest was invested at 6 1/2%. The total interest for a year was $227. how much was invested at 6 1/2%.
need a simple breakdown on why the answer is: 1800 were invested at 6 1/2%

Click here to see answer by scott8148(6628)

Question 163553: allison invested $2200 in two banks. at the first bank she had an interest rate of 4 1/2 % and at the second bank the interest rate was 5 3/4%. if the interest obtained at the end of the year was $107.75,how much money was invested at 5 3/4% answer:$700 were invested at 5 3/4 % need a break down of how they got $700 were invested at 5 3/4%
Click here to see answer by checkley77(12844)

Question 163579: You need to purchase a textbook for nursing school. The book cost $80.00, and the sales tax where you are purchasing the book is 8.25%. You have $100. How much change will you receive back?
Click here to see answer by checkley77(12844)

Question 163628: Donna invested $33,000 bonus and recovered a total of $970 in interest after one year, if part of the money returned 4% and the remainder 2.25% then how much did she invest @ each rate?
Click here to see answer by jojo14344(1513)

Question 163629: Tickets for a concert were sold to adults for $3 and students for $2 if the total receipts were $824 and twice as many adult tickets as students were sold then how many of each were sold?
Click here to see answer by nerdybill(7384)

Question 163660: The price of an item is given by the following polynomial: p=3x-4 where x is the number of items sold. Revenue is found by multiplying the price by the number of items sold. Write the polynomial representing the revenue.
Click here to see answer by jim_thompson5910(35256)

Question 163884: min leaves the house traveling 28 mph in the car. she overtakes lew in 2 hrs. lew is riding his bicycle and left the house 5 hrs before min. how fast is lew traveling
Click here to see answer by josmiceli(19441)

Question 164012: The drama club is printing a storybook to raise money. The print shop charges $4 for each book, and $90 to create the book. How many books can the club print if their budget is $990?
Please show process thanks
Click here to see answer by stanbon(75887)

Question 164014: A rental car costs a minimum charge plus a fixed charge per mile driven. one customer was charged $60 for 160 miles of use. Another customer drove 280 miles and paid $90. Write an equation relating the total cost, C(in dollars), to the miles driven,x. Please show all work thanks
Click here to see answer by stanbon(75887)

Question 164023: tasty bakery sells 3 kinds of muffins: Chocoalte chip muffins at 25 cents each Otmeal at 30 cents each and blueberry muffins at 35 cents each. Charles buys some of each kind and chooses three times as many muffins as chocolate chip muffins. If he spends $6.70 on 21 muffins, how many oatmeal muffins ded he buy?
Click here to see answer by stanbon(75887)

Question 164020: 1500 theater tickets were sold for a performance. Genaeral admission was $12 but student rates offered a 50% discount.Box office recepits totaled $16,200. How many students attended? please show work thanks
Click here to see answer by alicealc(293)

Question 164015: a rental car agency charges $16 per day plus 10 cents per mile to rent a certain car. Another agency charges $18 per day plus 5 cents per mile to rent the same car. How many miles will have to be driven for the cost of a car from the firts agency to equal the cost of a car of the second agency?
Click here to see answer by nerdybill(7384)

Question 164170: A group can charter a particular aircraft at a fixed total cost. If 36 people charter the aircraft rather than 40 people, then the cost per person is greater by $12. What is the cost per person if 40 people charter the aircraft
Click here to see answer by alicealc(293)

Question 164174: The suggested retail price of a new car is p dollars. The dealership advertised a factory rebate of $1200 and an 8% discount.
a) Write a function R in terms of p, giving the cost of the car after receiving the rebate from the factory.
b) Write a function S in terms of p, giving the cost of the car after receiving the dealership discount.
c) Form the composite functions [(R)(S)]p and [(S)(R)]p and interpret each.
d) Find [(R)(S)](18,400)and [(S)(R)]18,400. Which yields the lower cost for the car? Explain

THANK YOU SO MUCH!
Click here to see answer by aka042(26)

Question 164192: Please help me with this problem. I do not know how to set it up.
How can $5,400 be invested, part of it at 8% and the rest of it invested at 10%, so that the two investments will produce the same amount of interest?
Click here to see answer by alicealc(293)

Question 164408: The problem is write an algebraic expression to represent the situation.
the number of $0.60 bagels that can be purchased with d dollars.
I thought it might be done like this d/.60bagels.
Thanks for your help.
Click here to see answer by Fombitz(32388)

Question 164328: Please help me solve this word problem:
A nursery has $20,000 of inventory in dogwood trees and red maple trees. The profit on a dogwood tree is 25% and the profit on a red maple is 17%. The profit for the entire stock is 20%. How much was invested in each type of tree?
Click here to see answer by Fombitz(32388)

Question 164417: You purchased a lawn tractor for $3750 and 1 year later you note that the cost has increased to $3900. Determine the inflation rate (as a percent) for the tractor
Click here to see answer by jojo14344(1513)

Question 164487: Nina bought 4 shirts mormally priced at $29 each. on sale for a total of 96.48 how much did nina end up paying for each shirt?
Click here to see answer by jojo14344(1513)

Question 164622: Applications of Linear Equations
Walt made an extra $9000 last year from a part-time job. He invested part of the money at 9% and the rest at 8%. He made a total of $770 in interest. How much was invested at 8%?
Click here to see answer by checkley77(12844)

Question 164686: The problem is - In 1902, 44 loaves of bread cost the same amount as 1 loaf of bread in 2006. If a loaf of bread in 2006 costs 1.72 more than in 1902, find the cost of a loaf of bread in 1902.
This is how I did the problem - but I don't think it is right.
44/1 = x/1.72
Click here to see answer by ankor@dixie-net.com(22740)

Question 164860: I am a confused about how to set this problem up and then solve. Can someone please help me. Thank you.
You are buying coffee beans for your new business, �The Algebra Caf�.� You discover that low grade beans sell for $0.80 a pound, and high grade beans sell for $1.45 a pound. To meet the demands of the upcoming month, you need to buy a total of 5000 pounds of beans. You must spend the remainder of your bean money� $6, 500.
Let �x� be the number of pounds of low grade beans and let �y� be the number of pounds of high grade beans that you buy.
Write a system of linear equations (two) that describe the situation above and solve for the weight of each grade bean that you need to buy.
Thank you
Click here to see answer by gonzo(654)

Question 164856: A certain number of boys bought a bicycle for P2000.00. One boy later withdrew and sold his share to the other boys for P420.00. The share of each boy of this additional cost turned out to be P190 less than what each originally contributed many boys was there originally?
please answer this one,QUICKLY..thanks..

Click here to see answer by edjones(8007)

Question 164813: I could really use some help with this High Interest Rate problem.
Eddie wrote a $280 check to a check holding company, which gave him $260 in cash. After two weeks the company will cash his $280 check. Find the annual simple intrest rate for this loan. Note that the time is a fraction of a year.
Click here to see answer by ankor@dixie-net.com(22740)

Question 165024: Suppose you want to cover the backyard with decorative rock and plant some trees. You need 30 tons of rock to cover the area. If each ton cost $60 and each tree is $84, what is the maximum number of trees you can buy with a budget for rock and trees of $2,500? Write an inequality that illustrates the problem you solve.
Is this correct? $84x + ($60*30)< $2,500
Click here to see answer by jojo14344(1513)

Question 165165: If it costs $4000 to build a sidewald around a rectangular field whose dimenstions are 300 yd by 600 yd, how much will it cost to build a sidewald around a rectangular field whose dimenstions are 200 yd by 600 yd?
Click here to see answer by checkley77(12844)

Question 165280: Mr. Smith invested $18,000 part at 8% and the rest at 10%. The annual income from the 10% investment is $360 more than the annual income from the 8% investment. Find the amount invested at each rate.
Click here to see answer by nerdybill(7384)

Question 165322: I ask this problem yesterday with no response.
A business invest $10,000 in a savings account for two years. At the beginning of the second year, an additional $3500 was invested. At the end of the second year, the account balance is $15,569.75. What is the interest rate?
Click here to see answer by gonzo(654)

Question 165348: Hi,
I can't seem to find a solution to this word problem:
"A man invests a certain sum of money at 14% and twice that amount at 15%. If his total interest earnings are $660 per year, how much has he invested at 14% and how much at 15%?"
I don't even know where to begin. Word problems are one of my weakest topics.
Thanks,
Jane

Click here to see answer by nerdybill(7384)

Question 165390: Another word problem.
"The ratio of interest received to money invested is 3 to 20. Find the interest if $1352 is invested."
My idea of a solution would be:
Ratio 3 to 20
Let x = Interest Received,
20(1352) / 3x ??
I've tried this a few different ways, and no of them make sense. Could you please help. It seems simple, yet complicated. Thank you.
Click here to see answer by Mathtut(3670)

Question 165487: Tickets for a concert were sold to adults for $3 and to students for $2. If the total receipts were $824 and twice as many adult tickets as student tickets were
sold, then how many of each were sold?
Not sure what to do? Thank you

Click here to see answer by stanbon(75887)

Question 165486: Donna invested her $33,000 bonus and received a total of $970 in interest after one year. If part of the money returned 4% and the remainder 2.25%,
then how much did she invest at each rate?
I need some help I am not sure how to work this problem out. Thank you
Click here to see answer by gonzo(654)

Question 165503: Donald,Kate and maggie win �2400 between them on the national lottery.Donald gets a share of �x,whilst kate gets twice as much as donald.maggies share is �232 less than donalds amount.
write down the amount maggie and kate receive.
Click here to see answer by gonzo(654)

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