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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 258557: if someone has 360 dollars in his savings account in the bank he earns 3% interest each month how much interest would he earn in one month
Click here to see answer by richwmiller(17219)

Question 258836: How many years does Steven need to invest his $3,000 at 7% to earn $210 in simple interest?

Click here to see answer by stanbon(75887)

Question 258836: How many years does Steven need to invest his $3,000 at 7% to earn $210 in simple interest?

Click here to see answer by richwmiller(17219)

Question 258824: Shelly Egan works as a stocker at a grocery store during summer vacation. She gets paid a standard hourly rate for her day hours but a higher hourly rate for any hours she works during the night shift. One week she worked 17 daylight hours and 8 nighttime hours and earned $191. The next week she earned $219 for a total of 12 daytime and 15 nighttime hours. What is the rate she is being paid for daytime hours and what is the rate for nighttime hours?
email addy: mom22bizeegurls@ymail.com
Click here to see answer by checkley77(12844)

Question 258949: Write an expression for the sales tax on a car. Tax rate is r, price is 12000 dollars.
Click here to see answer by stanbon(75887)

Question 259128: If the average daily balance in a certain checking acct drops below 1000, the bank charges the customer a $7.50 service fee. The table gives the daily balance for one customer. What must the daily balance be for Fri to avoid a service chg?
mon - $1125
tue - $850
wed - $625
thur - $400
Click here to see answer by richwmiller(17219)

Question 259168: There are coins including nickels, dimes and quarters totaling $5.45. If there are twice as many quarters as dimes and 11 more nickels than quarters, how many of each coin are there?
Click here to see answer by richwmiller(17219)

Question 259254: a salesperson receives a monthly salary of $2500 plus a commision of 7% of his sales. Write a linear equation for the salesperson's monthly wage W in terms of his monthly sales S
Click here to see answer by nerdybill(7384)

Question 258806: A charter bus company has determined that the cost of providing x people a tour is
C(x) = 180.00 + 2.50 x.
A full tour is 60 people. The cost of a ticket is $15.00 plus $0.25 for each unsold ticket. Determine (a) the revenue function, (b) the profit function, (c) the company�s maximum profit, and (d) the number of ticket sales that yields the maximum profit.

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

Question 259669: A sweatshirt with a name costs $8.95, and a sweatshirt with a picture of a rock band costs $9.50. If 30 sweatshirts were sold one day for a total of $272.90, how many of each kind were sold?
Click here to see answer by mananth(16946)

Question 259649: The class treasury contained $30 in nickels and dimes. If there were 500 coins, how many coins of each.
Click here to see answer by Fombitz(32388)

Question 259717: At The Nut House, a pound of cashews sells for $6.00 per pound and a pound of peanuts sells for $3.00 per pound. Of you would like to make a 5 pound mixture of peanuts and cashews at a cost of $4.00 per pound, how many pounds of cashews must you use?
A 5 pound mixture of peanuts and cashews costing $4.00 per pound would contain __________ pounds of cashews.

Click here to see answer by stanbon(75887)

Question 259668: Barbara bought a pair of dress shoes and a pair of sports shoes. The combined cost was $90.48. The dress shoes cost $15.88 less than the sport shoes. Find the cost of each pair of shoes.
Click here to see answer by checkley77(12844)

Question 259666: Gil has $2 more than Karen. Together they have $70. How much money does each person have?
Click here to see answer by checkley77(12844)

Question 259895: What would be the yearly earnings for a person with $6,000 in savings at an annual interest of 5.5 percent?
Click here to see answer by checkley77(12844)

Question 260086: Equal amounts are invested at 6%, 7% and 8% annual interest. If the three investments yield a total of $2,037 annual interest, what is the total investment.
Click here to see answer by richwmiller(17219)

Question 260124: an inheritance of $900,000 is to be divided among Scott, Alicia, Tricia in the following manner: Alice is to recieve 3/4 of what scott gets and Tricia gets 1/2 of what scott gets. How much does each recieve?
Click here to see answer by unlockmath(1688)

Question 260140: the suggested list price of a new car is $34000. the dealer's cost is 85% of list. How much will you pay if the dealer is willing to accept $100 over cost for the car?
Click here to see answer by rfer(16322)

Question 260271: Henry invested $12,000 in a new restrauant. When the restaurant was sold two years later, he recieved $27,000.Find his average annual return by solving the equatin 12,000(1+r)^2=27,000.
Click here to see answer by unlockmath(1688)

Question 260464: Compute the total and annual returns on the described investment.
Five years after buying 150 shares of XYZ stock for $60 per share, you sell the stock for $14,400.
Click here to see answer by drk(1908)

Question 260468: Compute the total and annual returns on the described investment.
Five years after buying 150 shares of XYZ stock for $60 per share, you sell the stock for $14,400.
the total return is ___%
Click here to see answer by checkley77(12844)

Question 260566: Okay i have been trying to solve this problem for an hour and cant do it...
Find the savings plan balance after 9 months with an APR of 11% and monthly payments of $250.
round to the nearest cent as needed
Click here to see answer by ilovemath(8)

Question 260573: If it costs $3600 per year to operate a car, and the cost of gasoline represents one ninth of this amount, what is the annual cost of gasoline?

Click here to see answer by richwmiller(17219)

Question 260605: HELP! HELP! HELP! HELP! HELP! HELP!HELP!HELP!HELP!HELP!HELP!HELPHELP!
Do the following for a loan of $125,000 at a fixed APR of 6% for 30 years.
A. Calculate the monthly payments
B.Determine the total payment over the term of the loan.
C. Determine how much of the total payment over the loan term to principal and how much intrest.
Click here to see answer by richwmiller(17219)

Question 260613: You need a loan of $170,000 to buy a home. Calculate your monthly payments and total closing costs for each choice below.
choice 1: 20-year fixed rate at 9% with closing costs of $1200 and no points.
choice 2: 20-year fixed rate of 8.25% with closing costs of $1200 and 3 points.
Click here to see answer by Theo(13342)

Question 260865: Mr. Gulsby had $15,000 to invest, part at 12% and the rest at 6%. If he wants an annual return of at least $1,500, what amount should he invest at each rate?
Click here to see answer by stanbon(75887)

Question 260864: a dealer in mortorcycles gives a discount of 5% if full payment is made within three months. How much would a $9,500 motorcycle cost if the payment is made within three months
Click here to see answer by Greenfinch(383)

Question 260854: Mr. Benstron invested $7,200, part at 8% and the rest at 10%. If the annual income from each investment was the same, what was the amount of each investment?
Click here to see answer by Fombitz(32388)

Question 260877: A town has 10,000 families; 0.1 of 1% of these families have incomes over 75,000 a year. The number of such families is?
Click here to see answer by Greenfinch(383)

Question 260877: A town has 10,000 families; 0.1 of 1% of these families have incomes over 75,000 a year. The number of such families is?
Click here to see answer by Fombitz(32388)

Question 260867: A man has 2/3 of his portfolio invested at 12%, 1/4 at 15% and the remainder at 6%. How much is his portfolio valued if his annual income is $3,675?
Click here to see answer by drk(1908)

Question 260861: Mr. and Mrs. Anderson want an annual retirement income of at least $24,000. How much must they have saved when they retire if they want to live off the interest without depleting any principle, assuming they will earn 8% interest?
Click here to see answer by Greenfinch(383)

Question 260862: I am having a hard time setting a word problem up. The word problem is this - Carl bought two plots of land for a total of $120,000. When he sold the first plot, he made a profit of 15%. When he sold the second, he lost 10%. His total profit was $5500. How much did he pay for each piece of land?
Click here to see answer by checkley77(12844)

Question 260919: find the interest: deposit $800, rate is %6 per year , time is 2 years
Click here to see answer by Greenfinch(383)

Question 260919: find the interest: deposit $800, rate is %6 per year , time is 2 years
Click here to see answer by checkley77(12844)

Question 260966: There are 100 Million eligible voters in the United States. The Gallup poll interviews 2,000 of them. This amounts to 1 eligible voter out of every_____ .
Click here to see answer by richwmiller(17219)

Question 261062: I need help setting up this problem please.
Tickets to a recital cost $2.00 for children, $5.00 for adults and $3.00 for seniors citizens. After the recital, the organizers find that 570 people attended, and $1,950 was earned from ticket sales.However,they are unable to find a record of exactly how many children,adults,and senior citizens attended. All they can find is a cryptic note from the theater manager stating that three-fourths as many senior citizens as children attended
Click here to see answer by solver91311(24713)

Question 261078: A student can afford to spend up to $330. on a stereo and some compact discs. if the stereo costs $175. and the discs are $8.50 each, find the greatest number of discs the student can buy
Click here to see answer by rfer(16322)

Question 261066: I need help setting this up.
Peanuts cost $3 per pound, almonds $4 per pound, and cashews $8 per pound. An event planner wishes to purchase 140 pounds of mixed nuts for $6. per pound, in which there are twice as many peanuts as almond. Can you advise the event planner as to how many of each kind of nut should be in the mixture?
Click here to see answer by mananth(16946)

Question 261355: You need to purchase 100 stamps and only spend $100. Using only .25, $1, $15 stamps, and you need to buy at least one of each type of stamp, how many of each stamp do you buy?
Thank you for your help!
Click here to see answer by Edwin McCravy(20055)

Question 261333: A company produced 2,390,000 small appliances in one year and made a profit of $7,920,000. What was the profit on each appliance? Show all steps necessary to arrive at your solution.
Click here to see answer by checkley77(12844)

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