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

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Question 207680: Hi, I need help with this problem.
Lana ordered concert tickets that cost $7.50 for children and $12.00 for adults. She ordered 8 more children's tickets than adults' tickets. Her total bill was $138. How many of each type of ticket did she order?
So far, I only got this far, children= x+8. But I don't know if that's right.

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Question 207822: A department store charges 21.9% annual rate for overdue accounts. How much interest will be owed on a $6,168 account that is 2 months overdue?
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Question 207817: Abdullah has negotiated a price of $25,800 for a new SUV. Now he must choose between 0% financing for 48 months or a $3,000 rebate. If he chooses the rebate he can obtain a loan for the balance at 4.5% compounded monthly for 48 months at a local bank. Which option should he choose?
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Question 208034: Suppose you are offered two jobs. One pays $30,000 the first year with annual raises of $2000 each year. The second offers a starting salary of $27,000 and raises of 8% each year. At the end of ten years, what would your yearly salary be from a) the first job? b)the second job?
My answer; $30,000=1 year + $2000=each coming year * 10 years
but since the first year is already given I dont have to count it with do I? (thats why I am not sure if I got this right)
a) 2000*9=18,000 30,000+18,000=48,000 so $48,000 after 10 years
b)27,000=1 year + 8% each coming year * 10 years
(here again I only put 9 years to count, since 27,000 already is the first year, or is that wrong?)
270*8=2,160 2,160*9=19,440 27,000+19,440=46,440 so $46,440 after 10 years
Could someone please tell me if I solved the problem right?

Click here to see answer by Theo(13342) About Me 
Question 208034: Suppose you are offered two jobs. One pays $30,000 the first year with annual raises of $2000 each year. The second offers a starting salary of $27,000 and raises of 8% each year. At the end of ten years, what would your yearly salary be from a) the first job? b)the second job?
My answer; $30,000=1 year + $2000=each coming year * 10 years
but since the first year is already given I dont have to count it with do I? (thats why I am not sure if I got this right)
a) 2000*9=18,000 30,000+18,000=48,000 so $48,000 after 10 years
b)27,000=1 year + 8% each coming year * 10 years
(here again I only put 9 years to count, since 27,000 already is the first year, or is that wrong?)
270*8=2,160 2,160*9=19,440 27,000+19,440=46,440 so $46,440 after 10 years
Could someone please tell me if I solved the problem right?

Click here to see answer by rapaljer(4671) About Me 

Question 208054: SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question.
3) Let A = [ 0 -2 1 ]
[ 4 -1 0 ]
and B =
[ 1 -2]
[ 0 1 ]
[-2 -1]
. Find AB
this are i think matrik

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Question 208104: Donna invested her $33,000 bonus and received a total of $970 in interest after one year. If part of the money returned a 4% and the remainder 2.25%, then how much did she invest at each rate?
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Question 208226: A total of $50,000 is invested in two funds paying 5% and 6% annual interest. The annual interest is $2,800. Find how much of the $50,000 is invested in each fund?
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Question 208329: I owed $1,975 to a pension program in July, 1983. If interest on that amount is calculated at a rate of 8.5% annually.... how much would I owe July, 2009?
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Question 208508: 2. Jane went to the race course with $70 in her pocket. She bet all $70. In the first four races Jane won $16, lost$12, lost $7, won $5. Overall how much money did Jane win or lose?

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Question 208508: 2. Jane went to the race course with $70 in her pocket. She bet all $70. In the first four races Jane won $16, lost$12, lost $7, won $5. Overall how much money did Jane win or lose?

Click here to see answer by MathTherapy(10549) About Me 

Question 208679: Susan wants to invest 5000. If she invests part at 7% simple interest, part at 6%, and receives a total of 332 after one year, how much does she invest at each rate? I need help with the formula and solution, please.
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Question 209105: John was driving down the highway at 70 mph when he spotted a highway patrolman. Not being a rich kid, he decided to brake to 55 mph. What was the per centage change in his speed.
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Question 209098: jerry wyatt spent $11.25 on dinner. This was 15% of the money he had with him. How much money did he have before he paid for the dinner?
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Question 209103: In 1978, IBM's sales amounted to $21.6 billion. Of this amount 14.8% was profit. How many dollars profit did IBM make in 1978?
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Question 209101: Lastyear a house cost $68,940. This year that same house cost $75,834. Calculate the per centage change in price.
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Question 209769: the rate for a particular international person to person telephone call is $.43 for the first minute, $.32 for each additional minute, and $2.10 service charge. If the cost of a call is $5.73,how long did the person talk?
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Question 209853: I am having an issue figuring out a compound interest formula.
X = 10,000(1+.04095/12)^60

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Question 210098: Mr. Jordan has been given a loan of $2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?
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Question 210377: A computer store sold a total of 300 items last month. The store sold six times as many hard drives as they did CD-ROM drives, and half as many floppy drives as hard drives. Based on this information, how may of each item were sold?
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Question 210377: A computer store sold a total of 300 items last month. The store sold six times as many hard drives as they did CD-ROM drives, and half as many floppy drives as hard drives. Based on this information, how may of each item were sold?
Click here to see answer by MathTherapy(10549) About Me 

Question 210729: a man invested $20,000 at annual interest rate of 7% and $12,000.00 at an annual interest rate of 7.5%. what was his annual income on the two investments?
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Question 210740: Solve the problem.
Suppose that $7000 is invested in an account where interest is compounded continuously at 3.2% per year. What is the doubling time?

A)4.6 yr
B)21.7 yr
C)2.2 yr
D)0.2 yr

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Question 210938: Lawanda and Betty both drive the same distance to the shore. By driving 15 miles per hour faster than Betty, Lawanda can get there in 3 hours while Betty takes 4 hours. How fast does each drive?
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Question 211023: Sara has a collection of nickels, dimes, and quarters, worth $15.75. She has 10 more dimes than nickels and twice as many quarters as dimes. How many coins of each kind does she have?
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Question 211026: George earned $12,000 last year by giving tennis lessons. He invested part at 3% simple interest and the rest at 4%. He earned a total of $440 in interest. How much did he invest at each rate?

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Question 211025: Tom has 37 coins, consisting only of dimes and quarters, worth $7.45. How many dimes and how many quarters does he have?
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Question 211024: Tom has 37 coins, consisting only of dimes and quarters, worth $7.45. How many dimes and how many quarters does he have?
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Question 211022: How many gallons of a 12% salt solution must be mixed with 6 gallons of a 20% salt solution to obtain a 15% salt solution?
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Question 211021: A total of $4000 was invested, part of it at 8% interest and the remainder at 9%. If the total yearly interest amounted to $350, how much was invested at each rate?
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Question 211159: A computer is purchased for $3200. Its value each year is about 79% of the value the preceding year. Its value, in dollars, after t years is given by the exponential function
V(t) = 3200(0.79)t
Find the value of the computer after 2 years

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Question 211106: Pat invested a total of $3,000. Part of the money yields 10 percent interest per year, and the rest yields 8 percent interest per year If the total yearly interest from the this investment is $256, how much did Pat invest at 10 percent and how much at 8 percent?
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Question 211194: A man invested $6,000, part of it at 5% simple intrest and the rest at 7% simple intrest. If his annual intrest income is $372, how much did he invest in each rate?
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Question 211265: Katie has $880 in five- and twenty-dollar bills. If she has four more twenties than fives, how many 20-dollar bills does she have?
My main probllem with this question is knowing how to start. I think if I knew how to start I would be fine.
Thank you for your time and I appriciate your help.

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Question 211325: You have just purchased a share of stock for $50. The preferred stock pays an annual dividend of %5.50 per share. What is the rate of return on your investment?
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Question 211326: If there is a 20% chance we will get a 16% return, a 30% chance of getting a 14% return, a 40% chance of getting a 12% return, and a 10% chance of getting an 8% return, what is the expected rate of return?
a) 12%
b) 13%
c) 14%
d) 15%

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Question 211311: If Fran invests $8200 at 6% per year, how much additional money must she invest at 8% to ensure that the interest she receives each year is 7% of the total investment.
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Question 211360: How many ways can you make change for a $50 bill using $5, $10, and $20 bills?
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Question 211406: A drink and a sandwich together cost $ 5.00. The sandwich costs $ 1.50 more than the drink. How much does the sandwich cost?
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Question 211408: A jazz group of tour has been drawing average crowds of 500 people. It is projected that for every $1.00 increase in the $12.00 ticket price, the average attendance will decrease by 50. At what ticket price will nightly recaipts be $5,600? Can you please get back to me before tues 10 am for that's when this is due. Please show me the steps
Thank you so much

Click here to see answer by Theo(13342) About Me 

Question 211522: lorenzo sold 65 newspaper today.this number was 17 more than three-fifths of his sales yesterday.how many newspaper did he sell yesterday
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Question 211402: Marc goes to the store with exactly $1.00 in change. He has at least one of each coin less than a half-dollar coin.
A. What is the least number of coins he could have?
B. What is the greatest number of coins he could have?

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Question 211589: Can someone please help me with this "setting fares" word problem?
a bus company has 3,000 passengers daily, paying a 25 cent fare. For each nickel increase in fare, the company projects that it will lose 80 passengers. What fare increase will produce $994 in daily revenue? Please show me all the steps and get back to me before Tues 10am.
Thanks so much

Click here to see answer by ankor@dixie-net.com(22740) About Me 

Question 211724: Mel and Ann were having breakfast at a restaurant. Mel paid $3.50 for 3 eggs and 1 sausage patty. Ann paid $5.25 for 2 eggs and 3 sausage patties. Find the cost of each egg and each sausage patty.
Click here to see answer by rfer(16322) About Me 

Question 211829: I am doing a MATH100 online course and one of my practice test problems is causing me trouble. It is not formatted like any of the examples in my etextbook, or any of the examples from my instructor's video lectures. Can you please help me? The problem is worded like this:

If Mark invests $46,000 at a rate of 6%, how much more would he have to invest at 2% to get an average 3% return?
Thank you

Click here to see answer by ankor@dixie-net.com(22740) About Me 

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, 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