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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 1180137: Is it C? I want to check my answer.
Topic: Financial Mathematics
ABC Lumber Company has stock with these probabilities of value after five years with an initial investment of $2,000: 55% probability of a $1,800 value, 20% probability of a $2,100 value, and 25% probability of a $2,700 value. What is the expected value of the investment after five years?
A. $2,085
B. $2,000
C. $1,950
D. $1,545
Click here to see answer by ikleyn(52752)

Question 1180226: 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 josgarithmetic(39613)

Question 1180526: A sum of $350 is invested at simple interest and amounts to $476 after 3 years. Find
i) the total interest
ii) the rate per cent per annum.

.
Click here to see answer by mananth(16946)

Question 1180512: You deposit $6000 in an account earning 4% interest compounded quarterly. How much will you have in the account in 5 years?
Click here to see answer by mananth(16946)

Question 482220: Jason has 50 coins, all in 5 and 1 peso coins, amounting to Php 130.00. How many 5 peso coin does he have?

Click here to see answer by 12345qwerty(1)

Question 482220: Jason has 50 coins, all in 5 and 1 peso coins, amounting to Php 130.00. How many 5 peso coin does he have?

Click here to see answer by greenestamps(13195)

Question 1180731: Linda needs 10 gallons of solution that is 60% antifreeze. She has a solution
that is 90% antifreeze and another that is 50% antifreeze. How much of each
should she use?
Click here to see answer by josgarithmetic(39613)

Question 1180734: Find the amount to be repaid on a loan of $3200 at a
simple interest rate of 9% for 2 years.
Click here to see answer by ikleyn(52752)

Question 1180809: A movie theater has a seating capacity of 129. The theater charges $5.00 for children, $7.00 for students, and $12.00 for adults. There are half as many adults as there are children. If the total sales was $930, how many children, students and adults attended?
Click here to see answer by ikleyn(52752)

Question 1180814: A chemist has three different acid solutions. The first acid solution contains 20% acid the second it contains 30% and the third contains 75%. They want to use all three solutions to obtain a mixture of 96 L containing 45% acid using two times as much of the 75% solution as the 30% solution. How many liters of each solution should be used.
Click here to see answer by josgarithmetic(39613)

Question 1180813: Successful scholarship fund received a gift of $110000. The money is invested in stocks bonds and CDs. Siri is paid for .5% interest bonds pay 5% interest in stocks pay 11.8% interest. Maricopa success invests $35000 More in bonds than in CDs if the annual income from the investment is $7780 how much was invested in the account
Click here to see answer by greenestamps(13195)

Question 1180863: 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/2mLAAfN.png
Click here to see answer by Theo(13342)

Question 1180919: Simplify 2a+14-4a-7+8a
Click here to see answer by MathLover1(20849)

Question 1180917: 4 men can do a piece of work io 8 days how many days would it takes 16 men
Click here to see answer by josgarithmetic(39613)

Question 1181075: Is it B? I want to check my answer.
Select the correct answer.
Esther works for a marketing company. She earns $12 per hour, and she gets a $50 travel allowance every month. Which linear equation could be used to find her monthly pay rate?
A. y = 50x + 12
B. y = 12x + 50
C. y = 12x
D. y = 50x
Click here to see answer by Theo(13342)

Question 1181097: Abby is purchasing a new phone for $150. Optionally, she can also purchase a warranty at an additional cost of $20. With the warranty, Abby can get the phone replaced for free, should it ever break. If there’s a 9% probability that the phone will break during the time that she owns it, what is the expected value of the warranty?
Click here to see answer by ikleyn(52752)

Question 1181112: Two investments totaling $47,500 produce an annual income of $3000. One investment yields 9% per year, while the other yields 6% per year. How much is invested at each rate?
Click here to see answer by josgarithmetic(39613)

Question 1181226: A man left one-fourth of his estate to his wife, one-fifth to each of his two sons, one-eight to his daughter and the remainder, an amount of $3,600 to charity. Find the amount of estate.
Click here to see answer by ikleyn(52752)

Question 1181333: You have $25,000 of debt in college loans when you need to start making payments. Your interest rate on the loan is 7% and you set up the loan to be paid off in 20 years. How much will your monthly payment be? Show your work
Click here to see answer by Solver92311(821)

Question 1181506: Dina borrowed Rp5000000 in a financial institution with a loan term of 5 years. Ranti repays the loan by means of amortization at the end of each semester with a nominal interest rate of 6% converted semi-annually. The amount of installments paid by Ranti is Rp...?
Click here to see answer by Theo(13342)

Question 1181513: A corporation sells a one-year bond for Rp1000000,- at a price of Rp4000000,-. In addition, the corporation sold a two-year bond without a coupon for Rp3700000,- and a redemption value of Rp1000000,-. Three-year bond with annual coupon =α=44% for Rp3500000,- and par value of Rp1000000,-. Count r1, r2, r3
Click here to see answer by ikleyn(52752)

Question 1181590: Brad invests $3700 in an account paying 3% compounded monthly. How much is in the account after 8 months?
Click here to see answer by Theo(13342)

Question 1181593: Tina earned $1.38 per day for two days as interest on her $1,000.00 investment. Select all the expressions you could use to find the percent interest she earned in total.
Click here to see answer by greenestamps(13195)

Question 1181594: Tina earned $1.38 per day for two days as interest on her $1,000.00 investment. Select all the expressions you could use to find the percent interest she earned in total.
A) 2.76•1000/100
B) 2(1.38)•1000
C) 1.38/1000
D) 2(1.38)/1000
E) 2.76/1000

Click here to see answer by Theo(13342)

Question 1181662: At what simple interest rate will PhP 415,000 increase to PhP 500,000 in 3 years?
Click here to see answer by mananth(16946)

Question 1181666: Accumulate PhP 180,000 for 5 years at 13% compounded semi-annually. (Note: Accumulating an amount means finding the maturity value.)
Click here to see answer by mananth(16946)

Question 1181696: You owe your friend $35. You work for 4 hours, earning $7 an hour. Did you make enough money to pay your friend back? If you still owe your friend money, how much do you still owe them?
Click here to see answer by josgarithmetic(39613)

Question 1181852: equal amounts are invested in each of 3 accounts paying 8%,9% and 13.5% annually. If one years combined interest income is $1,433.50, how much was invested in each account
Click here to see answer by ikleyn(52752)

Question 1181862: Three software applications are priced as follows. 1.spreadsheet=$160 2.Database=$185 3.Word processing=$270. Spreadsheet and Database sold in equal numbers, but 35 more Word processing applications were sold than the other two combined. If the three applications generated sales of $80,250, how many Spreadsheets were sold
Click here to see answer by ikleyn(52752)

Question 1182011: An amount of $16,000 is borrowed for 6 years at 9% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back? Round your answer to the nearest dollar?
Click here to see answer by mananth(16946)

Question 1182017: A principal of $4800 is invested at 4.5% interest, compounded annually. How much will the investment be worth after 7 years?
Round to nearest dollar.
Please help
Click here to see answer by ikleyn(52752)

Question 1182232: A shopkeeper buys a stove from a manufacturer for $860. He sells it for $ 650. Calculate his loss percentage.
Click here to see answer by Theo(13342)

Question 1182276: This year, 2250 students registered at Golden State College, an increase of 12.5% over last year. How many students registered at Golden State College last year?
Click here to see answer by mananth(16946)

Question 1182346: Ike Penrose sells oriental rugs. Ike buys a rug for $1,850. Based on an 80% markup on cost, at what price should Ike resell the rug?

Click here to see answer by MathLover1(20849)

Question 1182470: Calculate the amount of interest on $4,000.00 for 4 years, compounding daily at 4.5 % APR.
From the Monthly Interest Table use $1.197204 in interest for each $1.00 invested.

Click here to see answer by Boreal(15235)

Question 1182490: You want to have a $ 54,516 college fund in 23 years. How much will you have to deposit now in an account with an APR of 6.3 % and monthly compounding?

Click here to see answer by josgarithmetic(39613)

Question 1182491: You have $ 750,675 saved for retirement. Your account earns 5.3 % interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 19 years?

Click here to see answer by Theo(13342)

Question 1181664: Three friends buy a second-hand equipment that costs PhP 120,000. They give a downpayment of PhP 40,000 and agree to settle the balance in 24 monthly payments. If the interest rate is 6% converted monthly, find the payments due at the end of each month.
Click here to see answer by Boreal(15235)

Question 1182553: Determine the present value P you must invest to have the future value A at simple interest rate r after time t. Round to the nearest cent.
A=$7000.00, R=10.5%, T=13 Weeks

Click here to see answer by Theo(13342)

Question 1182726: a sinking fund is being established, the goal of which is to reach 100,000. calculate the payment, where i is the interest rate per period.
Click here to see answer by Boreal(15235)

Question 1182773: Determine the yield on an investment in stocks. Kathryn Campbell bought 1000 shares at $12.75 each. She received a dividend of $1.38 per share shortly after the purchase and another dividend of $1.02 per share a year later. Eighteen months after the purchase, she sold the stock at a price of $10.36 per share. Determine Kathryn's total yield for these shares. ($10).
Click here to see answer by Boreal(15235)

Older solutions: 1..45, 46..90, 91..135, 136..180, 181..225, 226..270, 271..315, 316..360, 361..405, 406..450, 451..495, 496..540, 541..585, 586..630, 631..675, 676..720, 721..765, 766..810, 811..855, 856..900, 901..945, 946..990, 991..1035, 1036..1080, 1081..1125, 1126..1170, 1171..1215, 1216..1260, 1261..1305, 1306..1350, 1351..1395, 1396..1440, 1441..1485, 1486..1530, 1531..1575, 1576..1620, 1621..1665, 1666..1710, 1711..1755, 1756..1800, 1801..1845, 1846..1890, 1891..1935, 1936..1980, 1981..2025, 2026..2070, 2071..2115, 2116..2160, 2161..2205, 2206..2250, 2251..2295, 2296..2340, 2341..2385, 2386..2430, 2431..2475, 2476..2520, 2521..2565, 2566..2610, 2611..2655, 2656..2700, 2701..2745, 2746..2790, 2791..2835, 2836..2880, 2881..2925, 2926..2970, 2971..3015, 3016..3060, 3061..3105, 3106..3150, 3151..3195, 3196..3240, 3241..3285, 3286..3330, 3331..3375, 3376..3420, 3421..3465, 3466..3510, 3511..3555, 3556..3600, 3601..3645, 3646..3690, 3691..3735, 3736..3780, 3781..3825, 3826..3870, 3871..3915, 3916..3960, 3961..4005, 4006..4050, 4051..4095, 4096..4140, 4141..4185, 4186..4230, 4231..4275, 4276..4320, 4321..4365, 4366..4410, 4411..4455, 4456..4500, 4501..4545, 4546..4590, 4591..4635, 4636..4680, 4681..4725, 4726..4770, 4771..4815, 4816..4860, 4861..4905, 4906..4950, 4951..4995, 4996..5040, 5041..5085, 5086..5130, 5131..5175, 5176..5220, 5221..5265, 5266..5310, 5311..5355, 5356..5400, 5401..5445, 5446..5490, 5491..5535, 5536..5580, 5581..5625, 5626..5670, 5671..5715, 5716..5760, 5761..5805, 5806..5850, 5851..5895, 5896..5940, 5941..5985, 5986..6030, 6031..6075, 6076..6120, 6121..6165, 6166..6210, 6211..6255, 6256..6300, 6301..6345, 6346..6390, 6391..6435, 6436..6480, 6481..6525, 6526..6570, 6571..6615, 6616..6660, 6661..6705, 6706..6750, 6751..6795, 6796..6840, 6841..6885, 6886..6930, 6931..6975, 6976..7020, 7021..7065, 7066..7110, 7111..7155, 7156..7200, 7201..7245, 7246..7290, 7291..7335, 7336..7380, 7381..7425, 7426..7470, 7471..7515, 7516..7560, 7561..7605, 7606..7650, 7651..7695, 7696..7740, 7741..7785, 7786..7830, 7831..7875, 7876..7920, 7921..7965, 7966..8010, 8011..8055, 8056..8100, 8101..8145, 8146..8190, 8191..8235, 8236..8280, 8281..8325, 8326..8370, 8371..8415, 8416..8460, 8461..8505, 8506..8550, 8551..8595, 8596..8640, 8641..8685, 8686..8730, 8731..8775, 8776..8820, 8821..8865, 8866..8910, 8911..8955, 8956..9000, 9001..9045, 9046..9090, 9091..9135, 9136..9180, 9181..9225, 9226..9270, 9271..9315, 9316..9360, 9361..9405, 9406..9450, 9451..9495, 9496..9540, 9541..9585, 9586..9630, 9631..9675, 9676..9720, 9721..9765, 9766..9810, 9811..9855, 9856..9900, 9901..9945, 9946..9990, 9991..10035, 10036..10080, 10081..10125, 10126..10170, 10171..10215, 10216..10260, 10261..10305, 10306..10350, 10351..10395, 10396..10440, 10441..10485, 10486..10530, 10531..10575, 10576..10620, 10621..10665, 10666..10710, 10711..10755, 10756..10800, 10801..10845, 10846..10890, 10891..10935, 10936..10980, 10981..11025, 11026..11070, 11071..11115, 11116..11160, 11161..11205, 11206..11250, 11251..11295, 11296..11340, 11341..11385, 11386..11430, 11431..11475, 11476..11520, 11521..11565, 11566..11610, 11611..11655, 11656..11700, 11701..11745, 11746..11790, 11791..11835, 11836..11880, 11881..11925, 11926..11970, 11971..12015, 12016..12060, 12061..12105, 12106..12150, 12151..12195, 12196..12240, 12241..12285, 12286..12330, 12331..12375, 12376..12420, 12421..12465, 12466..12510, 12511..12555, 12556..12600, 12601..12645, 12646..12690, 12691..12735, 12736..12780, 12781..12825, 12826..12870, 12871..12915, 12916..12960, 12961..13005, 13006..13050, 13051..13095, 13096..13140, 13141..13185, 13186..13230, 13231..13275, 13276..13320, 13321..13365, 13366..13410, 13411..13455, 13456..13500, 13501..13545, 13546..13590, 13591..13635, 13636..13680, 13681..13725, 13726..13770, 13771..13815, 13816..13860, 13861..13905, 13906..13950, 13951..13995, 13996..14040, 14041..14085, 14086..14130, 14131..14175, 14176..14220, 14221..14265, 14266..14310, 14311..14355, 14356..14400, 14401..14445, 14446..14490, 14491..14535, 14536..14580, 14581..14625, 14626..14670, 14671..14715, 14716..14760, 14761..14805, 14806..14850, 14851..14895, 14896..14940, 14941..14985, 14986..15030, 15031..15075, 15076..15120, 15121..15165, 15166..15210, 15211..15255, 15256..15300, 15301..15345, 15346..15390, 15391..15435, 15436..15480, 15481..15525, 15526..15570, 15571..15615, 15616..15660, 15661..15705, 15706..15750, 15751..15795, 15796..15840, 15841..15885, 15886..15930, 15931..15975, 15976..16020, 16021..16065, 16066..16110, 16111..16155, 16156..16200, 16201..16245, 16246..16290, 16291..16335, 16336..16380, 16381..16425, 16426..16470, 16471..16515, 16516..16560, 16561..16605, 16606..16650, 16651..16695, 16696..16740, 16741..16785, 16786..16830, 16831..16875, 16876..16920, 16921..16965, 16966..17010, 17011..17055, 17056..17100, 17101..17145, 17146..17190, 17191..17235, 17236..17280, 17281..17325, 17326..17370, 17371..17415, 17416..17460, 17461..17505, 17506..17550, 17551..17595, 17596..17640, 17641..17685, 17686..17730, 17731..17775, 17776..17820, 17821..17865, 17866..17910, 17911..17955, 17956..18000, 18001..18045, 18046..18090, 18091..18135, 18136..18180, 18181..18225, 18226..18270, 18271..18315, 18316..18360, 18361..18405, 18406..18450, 18451..18495, 18496..18540, 18541..18585, 18586..18630