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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 446055: Joe purchased a bicycle which was sold at a 20 percent discount. He paid $2800 for the bicycle. How much was the original price of the bicycle?
Click here to see answer by rfer(16322)

Question 446298: how much must be invested today at 6% compounded quarterly to have $8,000 in 3 years?
Click here to see answer by rfer(16322)

Question 446316: Acme Hardware pays its salespersons $1000.00 per month plus a graduated commission of 2% on the first $40,000 of sales and 3% on sales above $40,000. Amy sold $42,000 of merchandise. What is Amy's total pay for the month?
Click here to see answer by rfer(16322)

Question 446315: I'm having a hard time putting this word problem into an algebraic equation, can some one help?
If you have $10 and gas is $3.99 a gallon, how many gallons of gas can you buy and how much if anything is left over to buy a soda for $1.69?
Like usual when I'm trying to change words in equations I always end up with 2 equal signs which I know can't be right.
Thanx
Click here to see answer by bucky(2189)

Question 446372: if a parttime workers daily pay was 25.00 for monday and tuesday and 15.00 for Wed, Thurs and Friday, what was the average workers daily pay for the 5 days
Click here to see answer by mananth(16946)

Question 446300: Heather is Holtz planning a vacation in europe in 4 years, after graduation. She estimates that she will need 3,500 for the trip.
a. If her bank is offering 4- year certificates of deposit 8% interest compounded quarterly. How much Heather invested now to have the money for the trip?
b. how much compound interest will be earned on the investment?
Click here to see answer by mananth(16946)

Question 446373: A flagpole is 15 feet high cast a shadow of 10 feet, at the same time a nearby building cast a 30 foot shadow. How many feet high is the building? Note the ground is level and both building and the flag poles are perpendicular to the ground

Click here to see answer by mananth(16946)

Question 446380: 4.242 x 10 ^2
_____________
2.10 x 10^-4
Click here to see answer by stanbon(75887)

Question 446476: A farmer buys cattle and sheep for an amount of $53800. He buys 100 animals in total. The sheep were $250 each and the cattle were $730 each.How many sheep and how many cattle did he buy in total?
Click here to see answer by Leaf W.(135)

Question 446471: A cow costs seven times as much as a goat,for 84000,I can buy 18 more goats than cows.How much does a goat cost?
Click here to see answer by ankor@dixie-net.com(22740)

Question 446881: camille receives an inheritance of $35,000(after taxes). she decides to invest all of it in an education account for her month-old daughter. If the account pays 6.85% interest compounded quarterly, and if Camille makes no new deposits or withdrawals from the account, how much money will be available for her child at the end of 18 years?
Click here to see answer by stanbon(75887)

Question 447073: Upon his death Mr. Money Bags left 1/2 of his eastate to his wife, 1/8 to each of his two children, 1/10 to each of his two grandchildren and $10,000 to his favorite charity. What was the value of his eastate?
Click here to see answer by ankor@dixie-net.com(22740)

Question 447748: 5thgrade word problem a rectangular swimming pool needs 14 lifeguards. If each side uses the same number of lifeguards where are they located. HINT a lifeguard at a corner counts for 2 sides.
1 2 3 4
5 6
7 8
9 10 11 12
I only come up with 12 guards, 4 on each side
the top of the rectangle is 1234, the right side is 4,6,8,12, the bottom is 9,10,11,12 and the left side is 1,5,7,9
Click here to see answer by Edwin McCravy(20054)

Question 447883: two planes start from the same point and fly in opposite directions. the first plane is flying 50 mph slower than the second plane. in 2.5 hours the planes are 1400 miles apart. find the rate of each plane
Click here to see answer by mananth(16946)

Question 448105: How much would $200 invested at 10% interest compounded continuously be worth after 10 years? Round your answer to the nearest cent. Do not include units in your answer.
Click here to see answer by jim_thompson5910(35256)

Question 448368: Jim opens a savings account with a deposit of $10,000. If the account has an annual interest rate of 6%, compounded quarterly, how much is in the account after one year.
Can you show me steps on how to work this problem. It's been years since I had algebra. Thank you so much.
Click here to see answer by mananth(16946)

Question 448594: Find the P-E ratio to the nearest tenth for a stock if the most recent closing price is 55 and the annual earnings were $2.25 per share.
Click here to see answer by jorel1380(3719)

Question 448593: Seven corporate $1,000 bonds quoted at 101 3/4 were purchased. If a $10 brokerage fee was paid per bond, find the total cost.
Click here to see answer by jorel1380(3719)

Question 448592: Nat Jones owned 500 shares of stock in a corporation that declared a 10% stock dividend when the market was 38. Find the number of shares of stock he received and the current value of his dividend.
Click here to see answer by jorel1380(3719)

Question 448753: A restaurant charges $7 for a regular meal and $5 for a child's meal. Both include tax. A family of nine people spent $53 at the restaurant. How many regular meals and how many children's meal did they pay?
Click here to see answer by josmiceli(19441)

Question 449003: tom is paid a 8% commision on his sales. $7,994 how much did tom earn in commission to the nearest dollar?
Click here to see answer by jorel1380(3719)

Question 449203: Bayside Insurance offers two health plans. Under plan A, Gisselle would have to pay the first $90.00 of her medical bills, plus 40% of the rest. Under plan B, Giselle would pay the first $130, but only 30% of the rest. For what amount of medical bills will plan B save Giselle money? Assume she has over $130 in bills. How much would Giselle save with plan B is she more than x in bills?
Click here to see answer by josmiceli(19441)

Question 449293: how much money would you have after 15 years if you deposit $2200 and your account pays 3% annual interest and if the interest in compounded quarterly
Click here to see answer by rfer(16322)

Question 449625: determine the amount of interest earned if $500 is invested at an interest rate of 4.25% compounded quarterly for 12 years.
Click here to see answer by rfer(16322)

Question 449704: If I get a loan for $120 million at a 5% interest rate, how much will I pay back.
Click here to see answer by Alan3354(69443)

Question 449641: Sujean and Jeni are having a conversation about their weekly earnings. Sujean says, "The sum of your pay and twice mine is $840." Jeni says, "The sum of your pay and twice mine is $900. Based on their statements, how much do Sujean and Jeni earn together each week?
Your help is greatly appreciated!
Click here to see answer by ankor@dixie-net.com(22740)

Question 449975: in an election 25% voters.a candidate secured 40% of the votes polled and was defeated by 900 votes. find total number of voters.
Click here to see answer by rwm(914)

Question 450036: a person deposits 500.00 in a savings account that pays 5% annual interest that is compounded yearly. at the end of ten years, how much money will be in the savings account
Click here to see answer by rfer(16322)

Question 450082: If I have a simple interest rate of 5% how much would I have to deposit in to the bank to have $3,000.00 in my savings by the end of one year?
Click here to see answer by jorel1380(3719)

Question 450253: the half-life of cesium-137 is 40 years. suppose we have a 34-g sample. find a function that models the mass remaining after t years.
Click here to see answer by ankor@dixie-net.com(22740)

Question 450300: Ms. Mills invested her $20,000 bonus into two accounts. She took a 4% loss on one investment and made a 12% profit on another investment, but ended up breaking even. How much was invested in each account?
Click here to see answer by jorel1380(3719)

Question 450305: A surprise retirement party is being planned for Pratep Puri. A total of $860 has been collected for the event, which is to be held at a local reception hall. This reception hall charges a cleanup fee of $40 and $15 per person for drinks and light snacks. Find the greatest number of people that may be invited and still stay within $860.
Click here to see answer by rfer(16322)

Question 450440: A trash removal company carries waste material in sealed containers weighing 4 kilograms and 3
kilograms. On a certain trip the company carries 30 containers weighing a total of 100 kilograms.
How many of each type of container are there?
Click here to see answer by stanbon(75887)

Question 450538: A $50,000 retirement income is to be invested into two accounts: a money market fund that pays 8.5% and a certificate of deposit that pays 10.5%. How much should be invested at each rate in order to provide a yearly interest income of $4550?
Click here to see answer by mananth(16946)

Question 450750: Sean has $2.05 in nickels and quarters. If he has 25 coins all together, then how many of each coin does he have?
Click here to see answer by Alan3354(69443)

Question 451098: Find the interest due on $1,400 at 9% for 270 days.

Click here to see answer by stanbon(75887)

Question 451143: $1100 is invested in an account at an interest rate of 5% per year, compounded continuously. Find the amount in the account after five years. Round your answer to the nearest cent.

Click here to see answer by ewatrrr(24785)

Question 451370: Customers of a phone company can choose between two service plans for long distance calls. The first plan has a $29 monthly fee and charges an additional $0.11 for each minute of calls. The second plan has a $14 monthly fee and charges an additional $.16 for each minute of calls. For how many minutes of calls will the costs of the two plans be equal?

Click here to see answer by jorel1380(3719)

Question 451460: How many gallons of pure water should be added to 10 gallons of a solution that is 25% soap to make the solution 5% soap?
Click here to see answer by josmiceli(19441)

Question 451449: Jacob invested $20,000.He put part of it in the bank at 5% interest and the other portion in bonds paying a 7% return. How much money did he place in each account if his annual income from these investments was $12,000.
Click here to see answer by josmiceli(19441)

Question 451521: Suppose you deposit money in an ivestment account that pays 9% annual interest compounded continuously. About how many years will it take for your initial deposit to double?
Click here to see answer by robertb(5830)

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