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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 411895: arshad bought 50 shares for 60 each, and after months he bought 25 shares for 56 each, then at what price arshad must buy more 25 shares, as the average price become 58.
Click here to see answer by mananth(16946)

Question 412000: Select the set of equations that represents the following situation: Mike invested $706 for one year. He invested part of it at 5% and the rest at 3%. At the end of the year he earned $28.00 in interest. How much did Mike invest at each rate of interest?
Click here to see answer by emargo19(101)

Question 412133: Suppose $50,000 was deposited in the bank with an interest rate of 5.5% annually, compounded continuously.
A) How long will it take to double the original amount?
B) Find the balance after 30 years.
C) Determine how many years it will take for the amount to be %1,000,000.
Click here to see answer by stanbon(75887)

Question 410739: An individual purchased a burger at Burger Queen for $1.58. The individual gives the cashier $2.00 and then notices that he has change, so he gives the cashier another quarter and 8 cents pulled from his pocket. The problem is that the cashier already entered $2.00 into the register and is not sure what to do with the change.
How much change should the customer get back? (Hint: Because the customer has given the cashier 2 amounts, the $2.00 and the quarter and 8 cents, you probably want to add these 3 amounts first, before subtracting the cost of the hamburger.)
The cashier notices that the customer is an employee of Burger Queen and remembers that all employees should receive a discount and only pay for 2/3 of the meal. How much will the customer pay if he only pays 2/3 of the $1.58 total? (Round your answer to the nearest cent.)

Click here to see answer by nonye1(1)

Question 412295: an investor must invest a total of $15,000 in two accounts, one paying 4% annual simple interest and the other 3%. if he wants to earn $55 annual interest, how much should he invest at each rate?

Click here to see answer by solver91311(24713)

Question 412455: Enrollment is up to 25% in our town's schools. Last year's enrollment was 1,092. What is the present enrollment?

Click here to see answer by ewatrrr(24785)

Question 412588: How many hours are from 1 p.m until 6 p.m.
Click here to see answer by ewatrrr(24785)

Question 412887: Soybean meal is 16% protein;cornmeal is 8% protein. How many pounds of each should be mixed together in order to get 320-lb mixture that is 15% protein?
Click here to see answer by mananth(16946)

Question 412881: Ashley has twice as much money invested at 5% simple annual interest as she does at 4%. If her yearly income from the two investments is $182, ho wmuch does she have at each rate?
Click here to see answer by mananth(16946)

Question 412918: mr. salazar bought 3 shirts and 2 pants for php.2150.a month later, at the same price, he brought 2 shirts and 4 pants for php.2900.what is the cost of a shirt?
Click here to see answer by mananth(16946)

Question 412916: mr. salazar bought 3 shirts and 2 pants for php.2150. a month later , at the same price, he bought 2 shirts and 4 pants for php.2900. what is the cost of a shirt?
Click here to see answer by mananth(16946)

Question 412927: one number is 1o more than another.the sum of twice the larger and three times the smaller is 170. what is the smaller number?

Click here to see answer by mananth(16946)

Question 412927: one number is 1o more than another.the sum of twice the larger and three times the smaller is 170. what is the smaller number?

Click here to see answer by nairb ogabar(1)

Question 413023: You wish to purchase a house for $120,000 in 12 years. You can invest your money at 4.5%/a compounded semi-annually for the first 5 years and then you can get 6%/a compounded semi-annually for the next 7 years
Please help!
Click here to see answer by ewatrrr(24785)

Question 413054: The price of a sweater was recently decreased by 5%. If the sweater was originally $45 dollars find the new price of the sweater.

Click here to see answer by Theo(13342)

Question 413079: . How much will the customer pay if he only pays 2/3 of the $1.58 total?
Click here to see answer by nerdybill(7384)

Question 413172: What is the present value of:
$8,000 in 8 years at 8%

Click here to see answer by rfer(16322)

Question 413199: If you invest $12,000 today, how much will you have in:
2 years @ 11%

Click here to see answer by rfer(16322)

Question 413289: An orange growe has 400 crates of fruit ready for maret andwill have 20 more each day the grower waits. the present price is $60 per crate and will drop an estimated $2 per day for each day waited. In how many days should the grower ship the crop for maximum income?
Click here to see answer by ankor@dixie-net.com(22740)

Question 413368: Suppose $150,000 is invested in an account that pays 6.75% annual interest, compounded monthly.

if no money is deposited or withdrawn, what will the balance be after 10 years?
Click here to see answer by rfer(16322)

Question 413341: Mr. Santos invested half of his money at 7% per year and a half at 8% per year. His annual income from the two investments was 7,500pesos. How much did he invest at each rate?
Click here to see answer by kamallohia(18)

Question 413444: a club sold 652 tickets to a benefit performance for a total of php 1,535.50. some of the tickets sold for php 2.25 each and some for php 2.50 each. how many of each kind were sold?
Click here to see answer by josmiceli(19441)

Question 413507: The linear function determines the exchange between the Dollar and the Yen. If in 1990 a dollar was worth 125 yens and in 2010 a dollar is worth 80 yen how many yens will a dollar be worth in 2015 according to this model?
Click here to see answer by Theo(13342)

Question 414192: I have no idea what this is saying.
Solve the problem.
Hope Lewis invested $15,000 in an account that earned $750 in the first year. She did not withdraw any of the original investment or earnings, but allowed both amounts to continue to earn money at the same rate as the first year. How much money was in the account at the end of the second year?
a. $16,800
b. $16,537.50
c. $16,500
d. $32,287.50
Click here to see answer by sudhanshu_kmr(1152)

Question 414263: Please, help me solve this problem.
Nellie pays $1,595 in interest on a 5-year loan of $11,600. What was the interest rate?
Click here to see answer by mananth(16946)

Question 414315: Hello,
I have a word problem that requires 4 answers and wondered if you could help. This is the question: ACME Skateboards Inc., has paid consultants to look over last year's sales and provide them with supply and demand equations that fit their sales data. The consultants provided the equation S=0.09x^2-0.45x+3.5 for the company's supply curve where x is the price per skateboard in dollars, and s is the number of skateboards produced in thousands. The consultants also provided D=15-0.5x as the demand curve where x represents the price per skateboard in dollars, and D represents the demand for their product in thousands.
1. What should the price of a skateboard be for the company to break even (round to the nearest penny)
2. What is the demand for ACME's skateboards if the price of a skateboard is $11.14 (round to the nearest hundred)
3. By how many skateboards will demand exceed supply if the price is set at $7.02 per skateboard (round to the nearest hundred).
4. At what price will supply exceed demand by one thousand skateboards? (round to the nearest penny)
Thank you very much for any help with this. I have no idea where to even start.
Click here to see answer by stanbon(75887)

Question 414328: the annual interest on a 9000 investment exceeds the interest earned on a 3000 investment by 438. the 9000 is invested at 0.7% higher rate of interest than the 3000. what is the interest of each
Click here to see answer by Theo(13342)

Question 414427: Sally's two student loans totaled $11,500. One of her loans was for 5% simple interest and the other at 7.5%. After one year Sally owed $712.50 in interest. What was the amount of each loan?
Click here to see answer by josmiceli(19441)

Question 414475: $20,000 30 months 14 nominal rate what is the present value and compound interest

Click here to see answer by rfer(16322)

Question 415019: melissa wants a camera that is 28% off. the discount is $100.80. what is the original price?
Click here to see answer by stanbon(75887)

Question 415093: A bank loaned out $7,5000 part at 12% annual interest and the rest at 8% annual interest. The total interest earned for both loans was $680.00. How much was loaned at each rate?
Click here to see answer by mananth(16946)

Question 415233: You borrowed $20000 at an APR of 9%, which you are paying off with monthly payments of $228 for 12 years.
Part (i)
Identify the loan principal.
(1)
The loan principal is ____?
Part (ii)
Identify the annual interest rate.

(2) The annual interest rate is ___?

Part (iii)
How many total payments does the loan require?
The loan requires ______ payments.

Part (iv)
What is the total amount paid over the full term of the loan?
The total amount paid is $______.

Click here to see answer by solver91311(24713)

Question 415377: Venture capital. Henry invested $12,000 in a new restaurant. When the restaurant was sold two years later, he received $27,000. Find his average annual return by solving the equation (((12,000(1+r)^2=27,000)))
Click here to see answer by solver91311(24713)

Question 414941: Mr. Rich invested $14,000, part at 8% and the rest at 6%. If the annual incomes from both investments were equal, find the amount he invested at each rate.
Click here to see answer by ankor@dixie-net.com(22740)

Question 415684: Normally, the longer you work for a company, the higher your salary per hour. Hector surveyed the people at his company and placed his data in the table below.
(Please, pretend it's a table.)
Number of Years at Company- 1, 3, 6, 7
Salary per hour-$7, $8.50, $10.75, $11.50
a.Use Hector's data to estimate how much he makes, assuming he has worked at the company for 12 years.
b.Hector is hiring a new employee who will work 20 hours a week. How much should the new employee earn for the first week?
Click here to see answer by htmentor(1343)

Question 415795: It costs $24 per hour plus a flat fee of $23 for a plumber to make a house call. After writing an equation for this situation, what is the total cost to have a plumber come to a house for 10 hours?
Click here to see answer by lwsshak3(11628)

Question 415950: The first 100 cost $10 each and the next 200 cost $5 each. How much should Roger pay for the next 100 if the overall average price is to be $10.
The answer is supposed to be $20 but I can't figure it out. Can someone please help?
Click here to see answer by stanbon(75887)

Question 416141: A copy machine has a purchase cost of $1200 and has an estimated page cost of 2$ per page. What is the minimum number of pages that should have to be copied before the purchase of the copy machine would be more cost effective than renting a machine at a cost of 5$ per page?

how can i solve this problem? :(((

Click here to see answer by scott8148(6628)

Question 416182: Gladys leaves a town driving at a rate of 40 miles per hour. Two hours later, Reena leaves from the same places traveling the same route. she catches Gladys in 5 hours and 20 minutes. how fast was Reena traveling.
Click here to see answer by mananth(16946)

Question 416393: the amount of money collected by a charity this year was 3 times the amount collected last year. the amount collected this year was what percent of the amount collected last year
Click here to see answer by stanbon(75887)

Question 416438: what is the use of number line

Click here to see answer by jim_thompson5910(35256)

Question 416685: Pat is paid time and a half for each hour he works over 36 hours in a week. last week he worked 42 hours for a total of $ 472.50. what is his normal hourly rate.
thank tou
Click here to see answer by stanbon(75887)

Question 417159: If carol has a check for $1350. 1/5 of her check will go to rent. How much is she paying in rent?
Click here to see answer by rfer(16322)

Question 417338: A family invested $10,000 at 8% annual interest. How much additional money must be invested at 9% to obtain a return of 8.2% on the total amount invested?
Click here to see answer by mananth(16946)

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