Tutors Answer Your Questions about Money Word Problems (FREE)
Question 1173560: The computer system a salesperson said I should get costs $3,525. He said that I could pay $1,500 down and make monthly payments of $100 per month for 2 years. My father said that he would sign for the loan since I am only sixteen. This computer has all the software I could ever want and has all the latest improvements.
For an additional $5 per month I can get a full service warranty for the two years that I make payments.
The printer is not included in the package. The salesperson said that trying to use the family printer might not work and would at the least be a nuisance to hook up each that that I wanted to use it. He suggested that I get a printer for $400.
What will be the total cost of the computer using the payment plan.
Click here to see answer by Theo(13342)   |
Question 1173876: 1- Aya and Harumi would like to buy a house and their dream house costs $500,000. They have $50,000 saved up for a down payment but would still need to take out a mortgage loan for the remaining $450,000 and they're not sure whether they could afford the monthly loan payments. The bank has offered them an interest rate of 4.25%, compounded monthly.
How much would they have to be able to afford to pay each month in order to pay off their mortgage in 25 years?
What is the total amount that would be paid to the lender after 25 years of payments?
2- What if Aya and Harumi could only afford a monthly payment of $2,000?
What would be the maximum mortgage amount they could afford to borrow from the bank if all the other conditions were the same?
What is the total amount that would be paid to the lender over 25 years?
Click here to see answer by Theo(13342) |
Question 1173874: A company's daily profits throughout one week were as follows: Monday, $2,600; Tuesday, -$1,100; Wednesday, $1,750; Thursday, $2,350; and Friday, -$1,800.
On which day did the company earn the least amount of money?
Click here to see answer by ewatrrr(24785)  |
Question 1173936: please help me solve this problem: peter invested P300000.00 with 15% return in an electronic shop and 8% return in real estate. his annual income from his investments is P40000.00. how much did he invest in the electronics shop?
Click here to see answer by Theo(13342) |
Question 1173936: please help me solve this problem: peter invested P300000.00 with 15% return in an electronic shop and 8% return in real estate. his annual income from his investments is P40000.00. how much did he invest in the electronics shop?
Click here to see answer by greenestamps(13200)  |
Question 1173956: Dana borrowed $8000. She borrowed part of the money from a bank that charged 14% /a interest. She borrowed the remainder from her uncle who charged her 5% /a interest. After 1 year Dana needed a total of 8850 to repay both loans. How much did she borrow from each source
Click here to see answer by ikleyn(52781)  |
Question 1173986: Hak Young is daunted by that monthly payment amount and is trying to figure out how he can make paying off his loan more manageable. He went his bank and found out he could get a personal loan that he could then use to pay off his credit card. The personal loan has an interest rate of 10.75% compounded monthly.
Q1 Assuming he still planned to pay off his debt in 5 years, what would his monthly payments to the bank be now?
Q2 What will be the total interest paid?
Click here to see answer by greenestamps(13200) |
Question 1173985: Today Dante and Sharon had their first child and they want to begin saving for their child’s education. With all the expenses of having a new child they feel they can only afford to put away $75 a month but they plan to continue doing so until the child turns 18. They are budgeting for an interest rate of 3.2%, compounded monthly.
Q1 How much money will they have in the account by their child’s 18th birthday?
Q2 How much interest will be earned?
Sharon convinces Dante that because school is both very expensive and very important, they must try to save a little more each month. The review their budget once more and decide that increasing their payments to $125 each month is manageable.
Q3 How much will they have saved by their child’s 18th birthday now that they have increased their payments?
Q4 How much interest will be earned?
Click here to see answer by ikleyn(52781) |
Question 1174215: dr e man invested $10,000, part at 8 1/2% per annum and the rest at 6 3/4% per annum in one year the amiunt earned at the 8 1/% was $14 more than twice the amount earned at the 6 3/4% how much was invested at each rate and how much interest was earned at each rate?
Click here to see answer by greenestamps(13200) |
Question 1174295: With an initial deposit of $10 000, Omar opened an RRSP on September 1, 2018. He added $2000 on January 1, 2019 and another $1200 on May 1, 2019. How much is available in his account to start school on August 1, 2019 if the account offers 4.9% compounded semi-annually? Practice drawing a timeline in your own notes.
Click here to see answer by ikleyn(52781) |
Question 1174417: rob's school is selling tickets to a play.on the first day of ticket sales the school sold 9 adult tickets and 8 child tickets for a total of $145. the school took in $82 on the second day by selling 2 adult tickets and 8 child tickets.what is the price each of one adult ticket and one child ticket?
Click here to see answer by greenestamps(13200) |
Question 1174589: You would like to have $41,000 in 5 years for the down payment on a new house following college
graduation by making deposits at the end of every three months in an annuity that pays 4.25%
compounded quarterly. How much should you deposit at the end of every three months? How
much of the $41,000 comes from deposits and how much comes from interest?
Click here to see answer by ikleyn(52781) |
Question 1174804: the fields medal the highest scientific award for mathematics is awarded evey 4 years. It was awarded in 2010. the birkhoff prize for applied mathematics is awarded evry 3 years. It was awarded in 2009. What are the first two times when both awards were given in the same year in 21st century?
Click here to see answer by math_tutor2020(3817) |
Question 1174804: the fields medal the highest scientific award for mathematics is awarded evey 4 years. It was awarded in 2010. the birkhoff prize for applied mathematics is awarded evry 3 years. It was awarded in 2009. What are the first two times when both awards were given in the same year in 21st century?
Click here to see answer by ikleyn(52781) |
Question 1174888: Kathy and Mark Smith believe investing in their retirement is critical. Kathy began investing 20% of each paycheck in a retirement account when she was 20 years old. She has saved four times more than Mark who began saving when he was 35. If their total retirement savings equals $1,450,000, how much are Kathy’s and Mark's investments worth?
Banana Republic at the Orlando, Florida, outlet store sells casual jeans for $40 and dress jeans for $60. If customers bought 5 times more casual than dress jeans and last month’s sales totaled $6,500, how many of each type of jeans were sold?
Click here to see answer by greenestamps(13200) |
Question 1174965: A customer purchases a television for $800 using a credit card. The interest is charged on any unpaid balance at the rate of 18% per year compounded monthly. If the customer makes no payment for one year, how much is owed at the end of the year?
Click here to see answer by Theo(13342) |
Question 1174834: For a certain company, the cost function for producing x items is C(x)=50x+250 and the revenue function for selling x items is R(x)=−0.5(x−110)2+6,050. The maximum capacity of the company is 150 items.
The profit function P(x) is the revenue function R(x) (how much it takes in) minus the cost function C(x) (how much it spends). In economic models, one typically assumes that a company wants to maximize its profit, or at least make a profit!
Answers to some of the questions are given below so that you can check your work.
Assuming that the company sells all that it produces, what is the profit function?
P(x)=
What is the domain of P(x)?
Hint: Does calculating P(x) make sense when x=−10 or x=1,000?
The company can choose to produce either 60 or 70 items. What is their profit for each case, and which level of production should they choose?
Profit when producing 60 items =
Number
Profit when producing 70 items =
Number
Can you explain, from our model, why the company makes less profit when producing 10 more units?
Click here to see answer by Theo(13342) |
Question 1175322: Bea inherited Php 250 000 from her uncle. She invested a part of it at an interest rate of 4% per annum and the rest at 5% per annum. If she received Php 11 500 interest from both investments, how much did she invest in each?
Click here to see answer by ikleyn(52781) |
Question 1175447: fast track couriers ltd pay their drivers 45c for every km travelled, plus 55% of the delivery fees charged. Calculate the earnings for a driver who travels 234km and makes deliveries that have been charged a total of $160.
Click here to see answer by Cromlix(4381)  |
Question 1175570: A Broadway theater has 600 seats, divided into orchestra, main, and balcony seating. Orchestra seats sell for $60 main seats for $50 and balcony seats for $30. If all the seats are sold, the gross revenue to the theater is $27,000 If all the main and balcony seats are sold, but only half the orchestra seats are sold, the gross revenue is $23,400 How many are there of each kind of seat?
Click here to see answer by ikleyn(52781) |
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