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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 472240: Moa invested $80000,part at 4% and the rest at 2%.Find the amount invested at each rate if the annual income from the two investmets is $2500.
Click here to see answer by mananth(16946)

Question 472417: If $895 is invested in an account that earns annual interest of 3.5%, compounded semiannually, what will the account balance be after 15 years? (Round your answer to the nearest cent.)

Click here to see answer by ewatrrr(24785)

Question 472653: Interest Homework APR
Find the amount of compound interest earned in an account that opens with $27,000, earns 6.4% interest compounded daily, and is held for 25 years. Assume 360 days in a year. (Round your answer to the nearest cent.)
This is the only problem that I cannot get right on my homework assignment. I would appreciate it very much if someone can help me solve it. Thanks again!
Click here to see answer by robertb(5830)

Question 472761: How long will money in savings take to double at 5% interest compounded annually? Round the answer ot the nearest hundredth of a year.
Click here to see answer by ewatrrr(24785)

Question 472871: find the amount of compound interest earned in an account that opens with $22,000, earns 6.9% interest compounded daily held for 15 years, 360 days in year.
Click here to see answer by Alan3354(69443)

Question 472715: A person bought 12 cards for 30 cents. If the next day the price of the cards was 5 cents each, how much did the person save per card by buying at the earlier price?

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

Question 472779: A store gives a 10% discount to all kids off the original cost during a back to schoolsale an additional 15% is taken off discounted price thy purchase it for 306 how much was originally cost?
Click here to see answer by rfer(16322)

Question 472835: Sally invested $3000 in two parts. One part was invested at 8% interest and the second part at 10% interest.
Her total earnings were $256 dollars.
How much was invested at 8% and how much was invested at 10%

Click here to see answer by bucky(2189)

Question 473103: Hello I need help setting up the equation for this word problem.
The monthly revenue achieved by selling x wristwatches is x(40-o.2x)dollars. The cost of each watch is $28. Howw many watched must be sold each month to acheive a profit (revenue minus cost) of at leaast $100? Must set up an algebraic inequality and solve it.
Thank you!
Click here to see answer by ankor@dixie-net.com(22740)

Question 473250: what would the value of a home be if it was purchased for $35000, and appreciated 5% per year for 35 years?
thank you.
Click here to see answer by scott8148(6628)

Question 473362: a savings account investment of $1400 at 9% coumpounded yearly for 6 months what is the future value?
Click here to see answer by stanbon(75887)

Question 473535: if bob had $150 more saved he would have five times as much saved as he currently has saved. How much does bob currently have saved? i can not get this to work as an algebra answer
Click here to see answer by jorel1380(3719)

Question 473653: when landscaping their yard, a couple budgeted $4,200. the irrigation system costs $2,400 and the sod costs $1,500.the rest they will spend on trees and shrubs.trees each cost $32 and shrubs each cost $4.they plant a total of 33 trees and shrubs.how many of each did they plant in their yard?
Click here to see answer by oberobic(2304)

Question 474027: Van decided to invest $1200 in two accounts. The first is a CD that pays 8% and the second is a mutual fund that pays 9%. If his total interest from the two investments is $101. How much did he invest in each account?

Click here to see answer by mananth(16946)

Question 474203: Diane invested her savings in two investment funds. The amount she invested in Fund A was $8,000 less than the amount she invested in Fund B. Fund A returned a 5% profit and Fund B returned a 4% profit. How much did she invest in Fund B, if the total profit from the two funds together was $1040?

Click here to see answer by stanbon(75887)

Question 474299: A car dealer will sell you a used car for $7,416 with $416 down and payments of $177.92 per month for 48 months. What is the simple interest rate? (Round each answer to the nearest tenth.)
I TRIED TO DO THIS ONE ON MY OWN AND IT WAS JUST TOO HARD .CAN YOU SHOW ME HOW TO DO THIS ONE? THANKS!
Click here to see answer by solver91311(24713)

Question 474296: If a business borrows $20,000 and repays $34,100 in 6 years, what is the simple interest rate?
I GET VERY CONFUSED WITH THESE .CAN YOU HELP ME WHEN YOU GET A MINUTE?
Click here to see answer by solver91311(24713)

Question 474303: Convert the following credit card rate to the APR. Nebraska, 0.02192% daily rate. (Round your answer to the nearest whole number.)
This one is difficult I got 21.9 is what I thought it was but I was wrong! Can you help me with this portion? Thanks!
Click here to see answer by stanbon(75887)

Question 474580: To buy both a new car and new house Tina sought two loans totaling $260,394
The simple interest rate on the first loan was 3.7percent
The interest rate on the second loan was 8.8 percent. At the end of the first year
Tina paid a combined interest payment of $22,611.73. what was the amounts of the two loans?
Click here to see answer by jorel1380(3719)

Question 474912: How long will it take for an investment to double in value, if the annual interest rate is 10% and interest is compounded every 6 months?
Click here to see answer by lwsshak3(11628)

Question 474913: Angie earns $65,000 per year. Each year she receives a $1,300 increase in annual salary. What will be Angie's annual salary be for the twentieth year?
Click here to see answer by FishiesSayBloop_47(1)

Question 474902: Dianne invests P3500, part at 3%, part at 4%. How much does she invest at each rate if she receive in one year interest of P115?
Click here to see answer by mananth(16946)

Question 475133: can someone help me please?
in the year 1999 juanita made $23,272 in the stock market. in the year 2000, ben lost $15,129 in the stock market. find the difference between these amounts.
Click here to see answer by Alan3354(69443)

Question 475206: 1. The cost, in millions of dollars, to remove x % of pollution in a lake modeled by c=6000/200-2x x=75%. should I substitute 75 for x or .75 for x?
Click here to see answer by richard1234(7193)

Question 475475: A dealer bought a car and sold it to Alex at a profit of $2,500. After one year, Alex sold it to Betty at a loss of 6%. If Betty paid $21,150 for the car, find the dealer's percentage profit.
Click here to see answer by Edwin McCravy(20055)

Question 475488: Two models, A and B, of a statue are made. A has a volume of 32 cm^3 and B has a volume of 56 cm^3. If models A and B have the same mass and the difference in the densities of the material used in making A and B is 1.8 g/cm^3, what is the mass of each model?
Click here to see answer by htmentor(1343)

Question 475491: Alice needs to make a certain number of boxes. If she makes the boxes at a rate of 16 boxes per hour, she will take 2 hours longer than if she works at a rate of 18 boxes per hour. How many boxes does Alice need to make?
Click here to see answer by stanbon(75887)

Question 475602: A man invested $2000, part at 8% and part at 6%. He earned $144
from his investments. How much did he invest at 8%
Click here to see answer by mananth(16946)

Question 475654: An investor wishes to realize a return of 12% from a total of two investments. If he has ten thousand pesos invested at 10%, how much additional money should be invested at 16%?
Click here to see answer by robertb(5830)

Question 475652: Judy wants to invest $50,000. Part of it is invested in a fund that pays 12.5% and the remainder in one that pays 14%. Find the amount invested at each rate if the annual income from the two is $6,640.
Click here to see answer by mananth(16946)

Question 475653: Sonia invests some of her money at 5% and twice as much at 5.5%. If her total income is $125, find the amount invested at each rate.
Click here to see answer by mananth(16946)

Question 475484: The charge for 1 unit of electricity is increased from 6 cents to 6.25 cents. If a household reduces its consumption by 1.6%, by what percentage will his electricity bill increase?
By what percentage does a household need to reduce its consumption in order that the electricity bill remains unchanged?
Click here to see answer by ankor@dixie-net.com(22740)

Question 476537: U see a shirt worth $97. Since u dont have cash, you borrow $50 from your mom n $50 from your Dad, So u have $100. Since the shirt is $97 u have $3 left, U return $1 to your Mom n $1 to ur Dad n u left with $1 for yourself. Now u owe your parents $49 each. 49+49=98 + 1 = $99. Where did the other dollar go?
Click here to see answer by robertb(5830)

Question 476552: my interest amount is 3000 so what is my investment money

Click here to see answer by mananth(16946)

Question 476663: A total of 150 tickets were sold for the annual concert to students and non students. Student tickets were $5 and non-students tickets were $8. If the total revenue for the concert was $930, then how many tickets of each type were sold?
Click here to see answer by jorel1380(3719)

Question 476726: How do I find out how many months it will take me to double my money at 5%APR? What is the formula? Thank you.
Click here to see answer by Alan3354(69443)

Question 476726: How do I find out how many months it will take me to double my money at 5%APR? What is the formula? Thank you.
Click here to see answer by stanbon(75887)

Question 476060: This is the question: Rule of 72 (Refer to Exercise 87 in Section 1.3.)
If an investment of $25,000 earns 9% annual interest,
approximate the value of the investment after
24 years.
Rule of 72 Investors sometimes use the rule of 72
to determine the time required to double an investment.
If 72 is divided by the annual interest rate earned
on an investment, the result approximates the number
of years needed to double the investment. For example,
an investment earning 6% annual interest will double
in value approximately every 72 6 12 years.
Click here to see answer by bucky(2189)

Question 477052: Miranda's financial aid stipulates that her tuition not exceed $1500. If her college charges a $90 registration fee pluss $250 per course, What is the greatest number of courses for which Miranda can register?
Click here to see answer by stanbon(75887)

Question 477058: The formula R=-0.075t+3.85 can be used to perdict the world record in the 1500 meter run, t years after 1930. Determine an inequality that identifies the year in which the world record will be less then 3.4 minutes.
solve for t
t>?
Click here to see answer by ankor@dixie-net.com(22740)

Question 477196: If $7000 is invested at an interest rate of 6.5% per year, compounded monthly, how long will it take for the investment to triple in value?
Click here to see answer by Alan3354(69443)

Question 477206: Find the annual percentage rate for an investment that earns 6% per year, compounded quarterly
Click here to see answer by stanbon(75887)

Question 477222: There are approximately 18000 bacteria in a culture, and the bacteria have a relative growth rate of 75% per hour
Click here to see answer by Alan3354(69443)

Question 477219: A population of rabbits grows in such a way that the population t days from now is given by

a) How many rabbits will there be after 4 days?
b) How many rabbits will there be after 3 weeks?
Click here to see answer by solver91311(24713)

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