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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 178995: You invested $12,000, part of it in stock that paid 12% annual interest. However, the rest of the money suffered a 5% loss. If the annual income from both investments was $620, how much was invested at each rate?
Click here to see answer by Mathtut(3670)

Question 179089: You have spent $315 on equipment. To clean the office you use $4 worht of supplies. You charge $25. How many offices must you clean to break even?
Click here to see answer by Mathtut(3670)

Question 179109: Please help me solve this question. How many tickets were sold on friday, if the total sales for the five days is $234 and each ticket costs $4.50?
Click here to see answer by Alan3354(69443)

Question 179171: if jeremy can save four times the amount he's already put away,he'll have the $95 he needs to buy a new skateboard.How much has he already saved?
Click here to see answer by Mathtut(3670)

Question 179361: Connie owns a retail store that sells educational materials. The sales tax rate is 6%. If her total receipts (including tax) are $895.91 for a certain day, what amount of tax was collected?
Click here to see answer by Mathtut(3670)

Question 179363: Walt made an extra $12,000 last year from a part-time job. He invested part of the money at 7% and the rest at 9%. He made a total of $970 in interest. How much was invested at 7%?
Click here to see answer by Mathtut(3670)

Question 179385: The average yearly salary for history graduate students was $5100 in 1986 and $15,000 in 2001. Write a linear equation that models this situation and use it to predict the average yearly salary for 2010.
Click here to see answer by Mathtut(3670)

Question 179391: The total cost of airfare is $214, including the 10% tax or the original airfare. what is the original airfare?
Click here to see answer by nerdybill(7384)

Question 179408: A business invests $8,000 in a savings account for two years. At the beginning of the second year, an additional $2,500 is invested. At the end of the second year, the account balance is $11,445. What was the annual interest rate?
Click here to see answer by MissionPossible(18)

Question 179493: please help me solve this word problem
Books and magazines. At Gwen�s garage sale, all books
were one price, and all magazines were another price.
Harriet bought four books and three magazines for $1.45,
and June bought two books and five magazines for $1.25.
What was the price of a book and what was the price of a
magazine?
Click here to see answer by josmiceli(19441)

Question 179507: How can $42,000 be invested, part 11% annual simple interest and the remainder at 6% annual simple interest, so that the interest earned by the two accounts will be equal?
Click here to see answer by ankor@dixie-net.com(22740)

Question 179512: I have been at this math problem for quiet a while now. I would really like it if you can help me out. The answer may be so easy to get, but I just can't figure it out. Please help.
The word problem is as followed:
Mr. X invested an amount for 7% and twice that amount for 8%. At the end of the year the income was $11500. What was the amount invested at 7%? amount invested at 8%?

Thanks so much .. your help is greatly appreciated!

Click here to see answer by stanbon(75887)

Question 179740: 5s + 8y+=2540
s+y = 370
Click here to see answer by checkley77(12844)

Question 179754: fuel inventories were lower then last year according to the San Fran. Chronicle dates Feb 24, 2007. This year there are 52.8 million barrels of inventory, a 11.52% drop

what was the amount of inventory last year to the nearest tenth?
Click here to see answer by Mathtut(3670)

Question 179805: Airline fares for a flight from Elmwood to Palmdale are $85 for first class. On Friday, 79 passengers paid a total of $5290 to fly from Elmwood to Palmdale. How many of each type of ticket were sold?
Click here to see answer by stanbon(75887)

Question 180064: Joe has a collection of nickels and dimes that is worth $5.65. If the number of dimes were doubled and the number of nickels were increased by 8, the value of the coins would be $10.45. How many dimes does he have?
Click here to see answer by josmiceli(19441)

Question 180083: I am having problems solving this word problem, or better yet how to set it up to be solved, any help would be greatly appreciated.

A cash register contains only five dollar and ten dollar bills. It contains twice as many five's as ten's and the total amount of money in the cash register is 720 dollars. How many ten's are in the cash register?
Click here to see answer by ptaylor(2198)

Question 180128: Simple Interest
For $1000 to grow to more than $1250 in 2 years, what must the simple interest rate be?
This is all I have so far and it doesn't even look right =(
I=PRT
1250=1200r(2)
Please help!
Click here to see answer by josmiceli(19441)

Question 180101: Harold invested $30,000 in various stocks and bonds. He earned 6% on his bonds and 12% on his stocks. If Harold's total profit on both types of investments was $2,460, how much of the $30,000 did he invest in bonds?
Click here to see answer by checkley77(12844)

Question 180221: please help with this problem.

Suppose you have recieved a total of $1,520 a year in interest from three investments. The interest rates for the investments are 5%, 7%, and 8%. The amount is invested at 5% is half of the amount invested at 7%. The amount invested at 7% is $1,500 less than the amount invested at 8% Find the amount of money invested at each rate.

Thank you!
Click here to see answer by stanbon(75887)

Question 180262: The social club charters a plane at a cost of $34848 to take a group of people to Atlanta. At the last minute 11 people from the group decide not to go. This raises the transportation cost per person by $24. How many people were originally intended to take the trip?
Click here to see answer by josmiceli(19441)

Question 180329: Mike invested a total of $14,600, part at 9% simple interest and Part 6% interest for one year. If the interest in the 9% account was $300 greater than the interest in the 6% account, how much was invested in the 9% account?
Click here to see answer by stanbon(75887)

Question 180461: limits are needed on payday-lending businesses, according to an article in the Feb. 14, 2007 issue of the Columbian. Interest rates on payday loans are so outrageous that the payday-lending industry only has itself to blame for states moving to rein them in. A typical $100 loan is payable in TWO WEEKS at $115. What is the percent interest paid on this loan? Do not round the denominator before dividing.
Click here to see answer by stanbon(75887)

Question 180634: Simple Interest
For $1000 to grow to more than $1500 in two years, what must the simple interest rate be?
I really need help with the set up and steps on this please! Thanks!
Click here to see answer by Fombitz(32388)

Question 180724: Please help me solve this problem.
In Michigan, speeding fines are determined by the formula: F = 10(x � 65) + 50 were
F is the cost, in dollars, of the fine if a person is caught driving x miles per hour. If the fine comes to $400, how fast was that person speeding?

Click here to see answer by vleith(2983)

Question 180711: Greg 'acquired' $25,000 and invested the money into two seprate accounts. In one of the accounts he earned 5.5% and in the second he earned 9%. In a year he took a total of $26,842.25 out of the accounts, closing them out. How much money did he invest at each rate?
Click here to see answer by stanbon(75887)

Question 180831: David split his $25,000 inheritance
between Fidelity Short-Term Bond Fund with an annual
yield of 5% and T. Rowe Price Tax-Free Short-Intermediate
Fund with an annual yield of 4%. If his total income for 1 year on the two investments was $1140, then how much
did he invest in each fund?
Click here to see answer by stanbon(75887)

Question 180879: Rental Demand:A real estate office handles an apartment complex with 50 units. When the rent per unit is $580 per month, all 50 units are occupied. However, when the rent is $625 per month, the average number of occupied units drops to 47. Assume that the relationship between the monthly rent p and the demand x is linear.
a. Write the equation of the line giving the demand x in terms of the rent p.
b. Use a graphing utility to graph the demand equation and use the trace feature to estimate the number of units occupied when the reant is $655. Verify your answer algebraically.
c. Use teh demand equation to predict the number of units occupied when the rent is lowered to $595. Verify your answer graphically.
Thanks - I'm so frustrated and have been stuck on word problems for 2 weeks. - Thanks
Click here to see answer by ankor@dixie-net.com(22740)

Question 181040: Walt made an extra $12,000 last year from a part-time job. He invested part of the money at 7% and the rest at 9%. He made a total of $970 in interest. How much was invested at 7%?

Click here to see answer by checkley77(12844)

Question 181359: Lina Chen invested $24,000, part at 8% and the rest at 7.2%. How much did she invest at each rate if her income from the 8% investment is two thirds that of the 7.2%investment?
Click here to see answer by Mathtut(3670)

Question 181391: in an IRA valued at $53,900, a couple owns 500 shares of stock. some in big bank and some in safe savings. big bank sells for $115 and safe save sells for $97 how many shares of each do they own
Click here to see answer by Mathtut(3670)

Question 181393: a 100 lb bag of a rye/blue grass mix sells for $245. a 100 lb bag of blue grass sells for $347. if 19 bags combined sells for $5369 how many of each are sold
Click here to see answer by ptaylor(2198)

Question 181887: I need help for my son who is in pre algebra to write an equation to describe a situation. I know the answer by trial and error to be $19.50 for 3 dresses and $16.50 for the 2. How does the equation write out?
Jolene bought three blouses at one price and 2 blouses priced $3 below the others. The total cost was $91.50. Find the prices of the blouses.
Click here to see answer by nerdybill(7384)

Question 182043: A savings account earns interest at an annual rate of 4%, compounded quarterly. If the account begins with a principal amount of $4000, what will its value be after 3 years?
A=P(1+ 0.04/4)^4(3)
A=$4502.32
Am I Correct?
Click here to see answer by user_dude2008(1862)

Question 182307: A computer store sold 300 items last month. The store sold 6 times as many hard drives as they did CD-ROM drives, and half as many floppy drivs as hard drives. Based on this informatin, how many of each item was sold?
Click here to see answer by josmiceli(19441)

Question 182308: John and Paul work together at a music store. In one afternoon they sold a total of 41 CDs. If Paul sold 9 more CDs than John how many CDs did John sell?
Click here to see answer by josmiceli(19441)

Question 182310: Darrell owns a consulting business and has a estimated annual income of $63000.00. His social security tax is 12.4%, medicare is 2.9% and his estimated federal income tax rate is 22%. How much quarterly estimated tax must Darrell send to the IRS for the first quater.
Click here to see answer by nerdybill(7384)

Question 182313: Every week, a grocery store buys 30 gallons of milk as a cost of $1.58 per gallon. The store owner anticipates a 15% spoilage rate. In order to achieve a 20% markup based on selling price, what should be the selling price per gallon rounded to the nearest cent?
Click here to see answer by Mathtut(3670)

Question 182329: The total amount of interest on a loan of $6000. for 150 days is $210.50. Using the ordinary interest method what is the rat of interest on the loan rounded to the nearest hundredth?
Click here to see answer by Mathtut(3670)

Question 182418: This is from a book. Marta has $6000 to invest. She puts X dollars of this money into a savings account that earns 3% per year, and with the rest, she buys a certificate of deposit that earns 6% per year. Write an equation for the total amount of money T Marta will have after one year.
I tried this.
T = 6000X (3%) + (6000- 180x)(6%)
6000X (.03)
180X + (360-10.8X)
Thanks for the help
Click here to see answer by stanbon(75887)

Question 182488: Helen invested $10,000 in an account that pays 10% simple interest. How much additional money must be invested in an account that pays 13% simple interest so that the average return on the two investments amounts to 11%?
Click here to see answer by HyperBrain(694)

Question 182828: A nontoxic floor wax can be made by combining lemon juice and food grade linseed oil. The amount of oil should be twice the amount of lemon juice. How much of each ingredient is needed in order to make 32oz of floor wax?
Click here to see answer by Mathtut(3670)

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