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Question 1179221: Ben has $100 in his savings account. He wants to save more money. He is looking at two investment plans. Under plan A, he will increase his account balance by $20 a year. Under plan B, he will increase his account balance by 15% each year. How much more will he save with Plan B after 10 years?

Click here to see answer by MathLover1(20849)

Question 1179236: An initial investment of $3,000 earns 7% interest compounded continuously. What will the investment be worth in 19 years? (Round your answer to the nearest cent.)
Click here to see answer by ikleyn(52756)

Question 1179253: Don Fletcher has a $1,500 CD that earns 6% annual interest with the interest compounded quarterly. Find his balance when the CD matures in 2 years.
Click here to see answer by mananth(16946)

Question 1179322: Toyang had her birthday party at the movie house. it cost 350pesos for pizza and 180pesos per friend for the movie tickets. Can she invite 10 friends if her budget for her party is 2000pesos?
Click here to see answer by ankor@dixie-net.com(22740)

Question 1179237: A bank credit card charges interest at the rate of 24% per year, compounded monthly. If a senior in college charges $1,100 to pay for college expenses, and intends to pay it in one year, what will he have to pay? (Round your answer to the nearest cent.)
Click here to see answer by Boreal(15235)

Question 1179447: An amount of $1,000 is deposited into a bank account that pays 4% interest compounded once a year. If there are no other withdrawals or deposits, what will be the balance of the account after 3 years?

Click here to see answer by mananth(16946)

Question 1179540: If the sale of an article resulted in a loss of 20% on the cost price, then the cost price as a percentage of the selling price is?
Click here to see answer by greenestamps(13196)

Question 1179601: The cost (c) of materials for a deck varies jointly with the width (w) and the length (l). If c=$424.80 when w=18 and l=10, find the cost when w=7 and l=22? Be sure to respond in a complete sentence that explains your answer in relation to the question.
Click here to see answer by MathLover1(20849)

Question 1179620: There were 487 tickets purchased for a game. The lower reserved tickets were $9.50 and the upper reserved was $8.00. The total amount of money spent was $4428.50. How many of each kind of ticket were purchased?
Click here to see answer by greenestamps(13196)

Question 1179677: During one month, a homeowner used 300 units of electricity and 140 units of gas for a total cost of $106.20. The next month, 250 units of electricity and 250 units of gas were used for a total cost of $112.50. Find the cost per unit of gas.
Click here to see answer by josgarithmetic(39614)

Question 1179676: A merchant mixed 12 lb of a cinnamon tea with 4 lb of spice tea. The 16-pound mixture cost $26. A second mixture included 16 lb of the cinnamon tea and 6 lb of the spice tea. The 22-pound mixture cost $36. Find the cost per pound of the cinnamon tea and of the spice tea.
Click here to see answer by josgarithmetic(39614)

Question 1179776: A contractor buys 15 yd2 of nylon carpet and 26 yd2 of wool carpet for $1345. A second purchase, at the same prices, includes 10 yd2 of nylon carpet and 20 yd2 of wool carpet for $990. Find the cost per square yard of the wool carpet.
Click here to see answer by josgarithmetic(39614)

Question 1179779: A merchant mixed 12 lb of a cinnamon tea with 4 lb of spice tea. The 16-pound mixture cost $26. A second mixture included 16 lb of the cinnamon tea and 6 lb of the spice tea. The 22-pound mixture cost $36. Find the cost per pound of the cinnamon tea and of the spice tea.
Click here to see answer by josgarithmetic(39614)

Question 1179780: A merchant mixed 12 lb of a cinnamon tea with 4 lb of spice tea. The 16-pound mixture cost $26. A second mixture included 16 lb of the cinnamon tea and 6 lb of the spice tea. The 22-pound mixture cost $36. Find the cost per pound of the cinnamon tea and of the spice tea./
Click here to see answer by josgarithmetic(39614)

Question 1179778: During one month, a homeowner used 300 units of electricity and 140 units of gas for a total cost of $106.20. The next month, 250 units of electricity and 250 units of gas were used for a total cost of $112.50. Find the cost per unit of gas.
Click here to see answer by josgarithmetic(39614)

Question 1179781: For using a computerized financial news network for 45 min during prime time and 80 min during non-prime time, a customer was charged $11.85. A second customer was charged $15.20 for using the network for 65 min of prime time and 90 min of non-prime time. Find the cost per minute for using the financial news network during prime time./
Click here to see answer by ewatrrr(24785)

Question 1179788: During one month, a homeowner used 300 units of electricity and 140 units of gas for a total cost of $106.20. The next month, 250 units of electricity and 250 units of gas were used for a total cost of $112.50. Find the cost per unit of gas./
Click here to see answer by mananth(16946)

Question 1179835: A grocery store offers a cheese sampler that includes a pepper cheddar cheese that costs $17 per kilogram and Pennsylvania Jack that costs $8 per kilogram. How many kilograms of each were used to make a 6-kilogram mixture that costs $11.75 per kilogram?
Click here to see answer by mananth(16946)

Question 1179867: Topic: Financial Mathematics
Is my answer correct? I want to check my answer.
A park started with 12 oak trees, and the number of oak trees increased at a rate of 25% each year. Write the function that models the situation, substituting numerical values for A and r into the expression.

The answer is provided in the link here: https://i.imgur.com/6pzwmKp.png
Click here to see answer by Theo(13342)

Question 1179869: Topic: Financial Mathematics
Is it A? I want to check my answer.
Which account has the highest annual interest rate?
A. Account 1: Interest is compounded daily at a rate of 5.25%.
B. Account 2: Interest is compounded monthly at a rate of 5.40%.
C. Account 3: Interest is compounded quarterly at a rate of 5.50%.
D. Account 4: Interest is compounded annually at a rate of 5.55%.

The answer is provided in the link here: https://i.imgur.com/QSbXPpc.png
Click here to see answer by MathLover1(20849)

Question 1179872: Topic: Financial Mathematics
Is it B? I want to check my answer
How much would be earned on a $425 deposit earning 3% simple interest for 2 years?
A. $12.75
B. $25.50
C.$25.88
D. $38.25

The answer is provided in the link here: https://i.imgur.com/pciAD8c.png
Click here to see answer by Theo(13342)

Question 1179899: Isabel deposits $5000 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in the first 2 years?
Click here to see answer by ikleyn(52756)

Question 1179917: If the price of gas was on average $2.95 per gallon, and this was $1.38 cheaper than a year before, what is the percent of decrease in price?
Click here to see answer by josgarithmetic(39614)

Question 1179930: Is it 1.01325? I want to check my answer.
Topic: Financial Mathematics
Round your answer to one decimal place, if necessary.
A consumer survey conducted in two consecutive years determined that a fixed basket of goods and services cost $95.00 in year 1 and $96.25 in year 2.
The rate of inflation from year 1 to year 2 is 1.01325%.
he answer is provided in the link here: https://i.imgur.com/PBPWeJe.png

Click here to see answer by ikleyn(52756)

Question 1179969: Is it B? I want to check my answer.
Topic: Financial Mathematics
If a basket of goods and services used to calculate CPI contains 2 pairs of socks at $2 each and 1 pair of shoes at $50, what will the CPI for year 2 be if the 2 pairs of socks cost $2.05 and 1 pair of shoes costs $51?
A. 54.00
B. 55.10
C. 98.00
D. 102.04
Click here to see answer by MathLover1(20849)

Question 1179979: Is it D? I want to check my answer.
Topic: Financial Mathematics
Anika’s savings account has a stated interest rate of 2.5%. After inflation, the real return on her savings account is 1%. What is the nominal interest rate on the account?
A. -1%

B. 1%

C. 1.5%

D. 2.5%
Click here to see answer by MathLover1(20849)

Question 1179980: Is it 9,050.25? I want to check my answer.
Topic: Financial Mathematics
Anna wants to buy a car in two years and wants to have $10,000 for the purchase. How much will Anna need to deposit today in an account that earns 5% interest per year, compounded monthly?
Anna will need to deposit $ 9,050.25.
Click here to see answer by ikleyn(52756)

Question 1179984: Is it C? I want to check my answer.
Topic: Financial Mathematics

Jackson wants to have $18,000 available to buy a motorcycle in three years. How much should Jackson save each month if he earns 5% interest, compounded monthly?
The question is provided in the link here: https://i.imgur.com/HkeaBdW.png
Click here to see answer by ikleyn(52756)

Question 1179982: How many years will it take for an initial investment of $950 to grow to $14,000 if it is invested today at 6.5% compounded monthly? (Note on formatting: Be sure to include a space and the word, “year” or “years”, and round off to two decimal places. Example: 10.50 years)

Click here to see answer by ikleyn(52756)

Question 1180022: Is it C? I want to check my answer.
Topic: Financial Mathematics

Jackson wants to have $18,000 available to buy a motorcycle in three years. How much should Jackson save each month if he earns 5% interest, compounded monthly?
The question is provided in the link here: https://i.imgur.com/HkeaBdW.png
Click here to see answer by MathLover1(20849)

Question 1180024: Is it C? I want to check my answer.
Topic: Financial Mathematics

What’s the future value of a $1,000 investment compounded at 8% semiannually for five years?
A. $1,469
B. $1,477
C. $1,480
D. $1,490
Click here to see answer by math_tutor2020(3816)

Question 1180026: Is it B? I want to check my answer.
Topic: Financial Mathematics

Pete sold 150 shares of stock A at $10.98 per share through his broker. His broker charges $28 per trade. How much money did Pete receive from the sale after the broker took his fee?
A. $1,647
B. $1,619
C. $1,098
D. $1,070
Click here to see answer by ikleyn(52756)

Question 1180040: Is this correct? I want to check my answers.
Topic: Financial Mathematics
Whitney’s employer contributes to the employees’ 401(k) plans as part of its benefit package. The company will match up to 6% of an employee’s salary. Suppose that Whitney’s salary is $2,800 per month, and she currently contributes 3% of her salary to her 401(k).
Whitney’s employer contributes (3%) of her salary to her 401(k), or ($84) per month. To maximize her employer’s contributions, Whitney should contribute at least (6%) of her salary to her 401(k).

The question is provided in the link here: https://i.imgur.com/u9pusSt.png

Click here to see answer by MathLover1(20849)

Question 1180074: Is it C? I want to check my answer.
Topic: Financial Mathematics
Mr. Slater invested $100,000 in a portfolio that is contains 60% stocks and 40% bonds. Over the course of a year, the value of the stocks increased to 67%, and the value of the bonds decreased to 33%. The current value of his investment is $118,400. How much should Mr. Slater move from stocks to bonds to rebalance his portfolio to 60% stocks and 40% bonds?
A. $8,900
B. $8,500
C. $8,288
D. $8,100
Click here to see answer by MathLover1(20849)

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