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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 400535: $15 = Price item is sold for.
$55 = Cost to produce item
$4 = Labor cost
Question:
How many items need to be sold to make a profit of $1100 and how many sold to profit greater than $1595?
Click here to see answer by mananth(16946)

Question 400582: Could someone please help me set up and solve this word problem? I am very confused.
Suzie's flower shop estimates that supplies costs foe one month will begiven by the polynomial 2x^2-3x-2. She estimates that utilities cost for one month is given by 4x-6. Find and simplify an expression that would estimate the total costs for one month.
Click here to see answer by nerdybill(7384)

Question 400586: I am having a hard time with this word problem:
Consider that the, x, of a unicorn in human equivalent yrs can be given by the formula f(x)=0.002718x^4+0.097326x^3-1.3367x^2+12.46x+3.914. When a unicorn is 2.5 yrs old, what is the age in human equivalent yrs? What about when it is 12 yrs old?
Click here to see answer by Alan3354(69443)

Question 400584: I am struggling with this word problem. I would greatly appreciate it if someone could help me.
Essay: Show all work, Bob's Barber Shop estimates theis gross revenue for the second quarter to be given by the polynomial 2x^3+5x^2-x-1. The shop estimates their costs for that quarter to be given by 4x^2-9x-8. For the second quarter, find and simplify a polynomial that will represent their profit.
Click here to see answer by nerdybill(7384)

Question 400752: A theater group made appearances in two cities. The hotel charges before tax in the second city were $1,000 lower than in the first. The tax on the hotel bill was 5% in the first city and 4% in the second. After the trip, the total tax paid on accommodation expenses was $387.50. How much was the hotel bill in the first city before tax?
Click here to see answer by valnadam1(3)

Question 400821: how much interest will someone earn if they deposit 1.1 million into a savings account for a 30 month plan at a rate of 4.5%
Click here to see answer by rfer(16322)

Question 400872: A will states that John is to get three times as much money as Marsha. The total amount they will receive is $11,600. How much money will each one get?
Click here to see answer by Fombitz(32388)

Question 400831: hello I am really struggling with this word problem:
A high school student was able to save $3000 by working a part-time job every summer. He invested half the money in a money market account and half the money in a stock that paid three times as much interest as the money market account. After a year he earned $90 in interest. What were the interest rates of the money market account and the stock?
Answer in percentages and round to one decimal place.
Thank you.

Click here to see answer by stanbon(75887)

Question 401114: At a simple annual interest rate of 4.5%, how many years will it take Sam to earn $135 interest on an original deposit of $1,000?

Click here to see answer by algebrahouse.com(1659)

Question 401169: Hai sir, pls help me on this, i got stuck,
John has Rs.50 more than what Smith has. If Smith takes Rs. 35 from John; the money Smith has now is twice of what is left with John. Find, how much money did each has originally?
Click here to see answer by stanbon(75887)

Question 401190: Suppose that $2000 is loaned at a rate of 7.5% , compounded semiannually. Assuming that no payments are made, find the amount owed after 7 years.

Do not round any intermediate computations, and round your answer to the nearest cent.
Click here to see answer by lwsshak3(11628)

Question 401171: Hai sir, pls help me on this problem, i got stuck with this,
A has Rs. 80 and B has Rs. 40. How much money must A give to B so that B's money becomes twice the money that is left with A?
Click here to see answer by Tatiana_Stebko(1539)

Question 401257: If over ten years I'd invested $25,000 into an account that grew to be worth $75,000, ($50,000 gain on $25,000 invested over 10 years) what is my average annual rate of return on my investment?
Click here to see answer by lwsshak3(11628)

Question 401699: I paid interest in income tax last year. The amount of interest was $11,000. My question is How much
money do I have?
Click here to see answer by Alan3354(69443)

Question 401804: Hannah has a total sixteen pennies and dimes. She has eight more dimes than pennies. How much money does she have?
Click here to see answer by checkley79(3341)

Question 401937: A person deposited $500 in a savings account that pays 5% annual interest that is compounded yearly. At the end of 10 years, how much money will be in the savings account?
500 x 5% = 25
25 x 10 = 250
500+250 = 750
Click here to see answer by josmiceli(19441)

Question 53529: Helen earns $7.50 an hour at her job, but if she works more than 35 hours in a week she is paid 1 1/2 times her regular salary for the overtime hours worked. One week her gross pay was $352.50. How many overtime hours did she work that week?
Click here to see answer by cattycassie77(2)

Question 358034: If Marion takes the cash option and pays for the printer within the 15 day discount period, how much will she save?
If she takes the 90 days same as cash option and purchases the printer on December 20, using exact time, what is her deadline for paying no interest in a non-leap year? How about in a leap year?
If Marion takes the 90 days �same as cash� option and pays within 90 days, what is her payoff amount? If she can�t pay until April 20, how much will she owe? (Assume ordinary interest, exact time, and a non-leap year
Marion�s uncle works at a local bank and offers to get her a 90-day promissory note for $8,500 at 8% annual simple interest. Is this enough money for Marion to cover the purchase price of the printer? Is this a better option for Marion to persue from a finanical perspective? Research some of the issues faced by small businesses when borrowing money for investments. What would you do if you were in Marion�s place?

Click here to see answer by evilmarie(1)

Question 402075: A student takes out two loans, one at 5% interest and the other at 6% interest. The 5% loan is $1000 more than the 6% loan,and the total interest for one year is $215. How much is each loan?
Click here to see answer by robertb(5830)

Question 402176: Suppose you deposit $1,200 in an account with an annual interest rate of 6% compounded quarterly. find the ammont of money in the account after 8 years.
Click here to see answer by josmiceli(19441)

Question 402501: suppose I invest $900 for two years.I earned $67.50 in simple interest what was the anual rate of intrest?
Click here to see answer by rfer(16322)

Question 402676: Find the simple intrest rate being charged on a loan of $8500 if $3230 in intrest s due when the loan is due in 4 years.
Click here to see answer by mananth(16946)

Question 402659: $422.55 was deposited into the business' account. The amount of sales tax owed on this money is 6.5% What is the "amount of sales" not including tax that should be reported.
Click here to see answer by sofiyac(983)

Question 402848: A woman invested part of $24,000 at 10% interest and the rest at 11%. If her annual interest is $795, how much did she invest at 12%?
Click here to see answer by sofiyac(983)

Question 403001: How long will it take to pay off a loan of $50,000 at an annual rate of 10% compounded monthly if you make payment of $600?
Click here to see answer by solver91311(24713)

Question 403010: Jeff, Tom, and Chelsea order a large pizza. They decide to split the cost according to how much they will eat. Tom pays $5.16, Chelsea eats 1/8 of the pizza, and Jeff eats 1/2 of the pizza. How much did the pizza cost?
Click here to see answer by scott8148(6628)

Question 403092: Three individuals form a partnership and agree to divide the profits equally. X invests
$9,000, Y invests $7,000, Z invests $4,000. If the profits are $4,800, how much less
does x receive compared to having the profits divided in proportion to the amounts
invested by X, Y, and Z?
Click here to see answer by rfer(16322)

Question 403380: The business opened with a debt of $2300. After 5 years, it accumulated profit of $3300. Find the profit as a function of time , knowing the profit function is linear
Click here to see answer by josmiceli(19441)

Question 403466: Take a penny and double it 64 times. How much do you have?
Click here to see answer by Alan3354(69443)

Question 403597: Gunther invested $10,000 in two mutual funds. One of the funds rose 6 percent in one year and the other rose 9 percent in one year. If Gunthers investment rose a total of $684 in one year, how much did he invest in each mutual fund?
Yes, this is my son's 7th graded algebra homework. He's learning to solve systems of equations so my first inclination is to .06x +.09y=684 and x + y = 10,000
Click here to see answer by rvquartz(19)

Question 403664: A child's ticked costs $15 and adult tickets cost $20. The station wants to spend no more than $800 on tickets. They also want the number of child tickets to be greater than twice the number of adult tickets.

How do I graph the system of four inequalities to show possible numbers of tickets that the station can buy?
Thanks!
Click here to see answer by stanbon(75887)

Question 403690: Mary two student loans total $9000. One loan is at 5% simple interest and the other is at 6% simple interest. At the end of 1 yr, Mary owes $492 in interest. What is the amount of each loan?
Click here to see answer by mananth(16946)

Question 404238: what percent of 125 is 50?
Click here to see answer by josmiceli(19441)

Question 404238: what percent of 125 is 50?
Click here to see answer by Alan3354(69443)

Question 404445: The Gibsons invested $7000, part at 6% and the rest at 10% simple annual intrest. If they had reversed the amounts invested at each rate, they would have earned $120 less in annual intrest. How much was invested at each rate?

Click here to see answer by stanbon(75887)

Question 404613: what is the calculation for $600 if invested for five years at a 9% interest rate

Click here to see answer by algebrahouse.com(1659)

Question 404651: A total of $4500 was invested, part of it at 6% interest and the remainder at 12%. If the total yearly interest amounted to $315, how much was invested at each rate?
Click here to see answer by subudear(62)

Question 404661: what is the balance at the end of 10 years If I have 500 dollars in a saving account that pays 5% annual and how did you arrive at that answer.
Click here to see answer by rfer(16322)

Question 404660: how long would $5000 need to be invested at 3 and 1/4 % compounded continuously to double?
Click here to see answer by lwsshak3(11628)

Question 404746: A man invested $40,000, part at 4% and the rest at 6%. The annual return is $1740. How much money is invested at each rate?
Click here to see answer by rfer(16322)

Question 404763: A professor wants to supplement her pension with investment interest. If she invests $25,000 at 6% interest, how much more would she have to invest at 7% to achieve a goal of $2,410 per year in supplemental income?
Click here to see answer by stanbon(75887)

Question 404804: Combined savings. Wanda makes $6000 more per year
than her husband does. Wanda saves 10% of her income
for retirement, and her husband saves 6%. If together they
save $5400 per year, then how much does each of them
make per year?
Click here to see answer by mananth(16946)

Question 405425: You invest $6000 in two accounts paying 6% and 9% annual interest. At the end of the year, the accounts earn the same interest. How mush was invested at each rate?
I can't figure out how you find the total. I set the problem up like this. I know I am missing how to get the total amount
.06x + (6000-x).09 = What? How do I find this? I can solve the problems when given the total. Can you show me how to get the total
Click here to see answer by ewatrrr(24785)

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