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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 486363: how much will you have in a savings account if you deposit $4000 for 8 years at 5% interest compounded annually?

Click here to see answer by mananth(16946)

Question 486520: If you owe $30,000 for a loan and your interest payment is $125 per month. What is the annual interest rate?

Click here to see answer by stclair.alex151(1)

Question 486520: If you owe $30,000 for a loan and your interest payment is $125 per month. What is the annual interest rate?

Click here to see answer by MathTherapy(10549)

Question 486033: You invest 4000 dollars today in a 5 year certificate of deposit at 4%. What is worth a maturity?
I dont understand what he is asking when he says what is worth a maturity.
4000 X 1.217 = 4,868 which i think is what it would mature to after 5 years but it does not seem like that is what he is asking. I calculated the maturity by using a time value of money table.
Can u help me?
Click here to see answer by bucky(2189)

Question 486622: 2/3rds diveded by 100
Click here to see answer by josmiceli(19441)

Question 486823: the saving account in which you initially invested $250 has earned $30 simple interest in 5 years. what is the interest rate of the account
Click here to see answer by rfer(16322)

Question 486974:
A customer has a balance of $1,350. Interest is paid at the end of 12 months. Assuming the balance remains at $1,350 for all 12 months, how much interest will be earned after 12 months if the interest rate on the account is 5.5%?
Click here to see answer by brockcoartney(1)

Question 486990: The question is:
Carla invested $23,000.00, part at 16%, and part at 15%.
If the total interest @ the end of the year is $3,500.00, how much did she invest at 16%??
I worked the problem, but not sure if I am right.
I let x= 16%
y= 15%
my final answer was x = $5,000. Was I right?? Your expertise is greatly appreciated.
Click here to see answer by John10(297)

Question 487479: Mr. Murphy contributes 5% of his salary to the company profit sharing plan. If his monthly contribution is $100.00, what is his monthly salary
Click here to see answer by rfer(16322)

Question 487755: Patricia knows that at some point during the calendar year her basic monthly telephone rate increased from $17.10 to $18.40. If she paid a total of $207.80 for basic telephone service for the calendar year, in what month did the rate increase take effect?
Click here to see answer by Theo(13342)

Question 487839: Mark has 6 bills worth $14.00. What bills does he have?
Click here to see answer by nerdybill(7384)

Question 487943: the school band is raising money. they plan to sell 500 tickets. adult tickets will be $4.50 and student tickets will be 2.50. they need to collect $1650 in ticket sales. How many adult and children tickets do they need to sell.
I got the correct answer by playing with numbers. (200 adult tickets and 300 student tickets) how do you write an equation to get there?
Click here to see answer by josmiceli(19441)

Question 488896: what is the interest if the Principal is $720, the Rate is 5 1/4% and the Time is 3 years?
Click here to see answer by Theo(13342)

Question 489276: What is the annual interest rate if $7200 is invested for 15 months and earns $855 interest?
Click here to see answer by rfer(16322)

Question 489721: How would you handle the following scenario?
You have been promoted to manager of a six-member team responsible for designing new IT services for the business. The idea the team is working on involves personal video streaming which could take social networking and customer relationship management to the next level. The company wants to beat the competition to the market and wants to roll out this service within the next 60 days. If this target is met you would personally earn a bonus of $100,000 and the project team would split $150,000 dollars. You are certain this team has what it takes to make the rollout date.
However, one of your star team members has recently become difficult to deal with. She has made sarcastic comments to other team members, refused to productively participate in important team meetings, and has been on the verge of being insubordinate in his conversations with you. Some of the team members have privately expressed their concerns to about her behavior. You have discussed your concerns with her on at least two occasions, and warned her she was becoming a disruptive influence in the work place. It�s apparent this star performer no longer seems to care that her behavior is negatively impacting the morale and performance of the team. It is time you did something to address the situation. You will consult with the human resources department, but you have primary responsibility for taking action.
Thank you.
Click here to see answer by chessace(471)

Question 489995: A candy company sells chocolate- covered cherries in a box. The empty box weighs 4.2 ounces. Each piece of candy weighs at least 1.8 ounces. Write an equality that best describes the total weight inounces, w, of a box of chocolate-covered cherries in terms of c, the number of candies in a box?
Click here to see answer by deborabr(181)

Question 490159: Machinery at a factory originally costing $50,000 depreciates $1800 the first year, $1750 the second year, $1700 the third year, etc.
What is the amount of depreciation during the fifth year?
What is th value of the machinery at the end of the fifth year?
Click here to see answer by Jstrasner(112)

Question 490171: jordan had $15,000 to invest. he invested some at 5% and the rest at 6%. at the end of the year he had made $860. how much did he invest at each amount?
Click here to see answer by mananth(16946)

Question 490109: how mdo you solve the problem of i=prt when the rate is the only thing that is given. ex.How long will it take P dollars to double itself at 12% simple interest
Click here to see answer by mananth(16946)

Question 490231: i get paid $10.00 a hr. and i worked 7.5 hrs. for 10 days,how much should i gross

Click here to see answer by stanbon(75887)

Question 490287: Shirley bought some stock valued at $62.50 per share and sold it for $67.50 per share. Find the percent of profit.
Click here to see answer by nerdybill(7384)

Question 490290: A 20 acre field yields 610 bushels of corn. How much would a 25 acre field yield under similar conditions?
Click here to see answer by tuxrocks(3)

Question 490451: The monthly fee for basic telephone service is
$7.50.
What is the cost for 12 months of basic
telephone service?
Answer in units of dollars
Click here to see answer by duggie(26)

Question 488841: Shane returned from a trip to Las Vegas with $374.00, which was 70% more money than he had at the beginning of the trip. How much money did Shane have at the beginning of his trip?
Click here to see answer by duggie(26)

Question 490514: question:
jhun can finish an accounting work in 8 hrs. Leo can finish the same work in 6 hrs. After 2 hrs of working together, jhun left Leo for lunch and Leo finished the job. How long does it take Leo to finish the job?
Click here to see answer by mananth(16946)

Question 490608: A confused bank teller transposed the dollars and cents when he cashed a check for Ms. Smith, giving her dollars instead of cents and cents instead of dollars. After buying a newspaper for 50 cents, Ms. Smith noticed that she had left exactly three times as much as the original check. What was the amount of the check?
Click here to see answer by ankor@dixie-net.com(22740)

Question 490784: Write the equation of the line AB that passes through the following points: A(-2,4) B(5,6)
and A(-3,-4) B(2,8)
Click here to see answer by Alan3354(69443)

Question 490998: a salesperson earns $150 commission selling $2,500 worth of television sets.
What is the commission rate
Click here to see answer by Alan3354(69443)

Question 490971: Using x for the variable, write an equation that describes the given situation, then solve the equation. Veronica sold her home for x dollars. The real estate agent's commission was 5% of the selling price and Veronica received $133,000.
Click here to see answer by deborabr(181)

Question 490974: Using q for the variable, write an equation that describes the given situation then solve the equation. The value of q quarters and q-1 nickels is $3.25.
Click here to see answer by ankor@dixie-net.com(22740)

Question 491286: a businessman invested Php. 16,000.000, part at 9% and the rest at 4%. His total interest from both investments was Php. 990.00. How much did he invest at each rate?

Click here to see answer by mananth(16946)

Question 491522: The number of payments varies inversely with the amount of equal payments. If the number of payments is 36 when the amount of each payment is $240, how much will each payment be if 48 payments are made? Please help, thanks.
Click here to see answer by rfer(16322)

Question 491721: peanuts cost $2.00 per pound and cashews cost $6.00 per pound. how many pounds of each nut should be combined to get a five pound mixture at $4.40 per pound?
Click here to see answer by stanbon(75887)

Question 491862: I am stuck on this question, any help would be greatly appreciated. "A newborn child receives 20000 gift toward a college education from her grandparents. How much will the 20000 be worth in 17 years if it is invested at 7% compounded quarterly?
Click here to see answer by Alan3354(69443)

Question 491883: a bank account earns interest compounded continuously at a rate of 6% per year. how long would it take for the account to triple in value?
Click here to see answer by stanbon(75887)

Question 491874: Alex spent 3/7 of his money. He gave 1/4 of the remainder to his sister. He had $120 left. How much money did he have in the beginning?
Click here to see answer by rfer(16322)

Question 491914: After dieting for 60 days, Ignacio has lost 12 pounds. What number describes his average weight change per day?
Click here to see answer by Alan3354(69443)

Question 491898: Here I have a three part question I need help with:
A. If an investment of $100 were made in the year the Declaration of Independence was signed(1776), and if it earned 3% compounded quarterly, how much would it be worth in 2016?
B. Discuss the effect of compounding interest monthly, daily, and continuously, on the $100 investment.
C. How do I graph the growth of the investment on a Ti-83.
Any help would be appreciated. I am mainly concerned with finding the answer to A. I got an answer, but it doesn't seem anywhere near right.
For the first part, I got FV=100(1+0.075)^960=1.4194?
Click here to see answer by ccs2011(207)

Question 491897: a population grows exponentially and doubles in size every 10 years. using P=Poe^kt, where Po represents the population at t=0, find the value of k.
Click here to see answer by lwsshak3(11628)

Question 492061: How can one invest $800.00 for 25 years and receive a $15,000.00 return?
If $800.00 is invested for 25 years and the return is $15,000.00 what are the interest rates?
Click here to see answer by Theo(13342)

Question 492885: PLEASE CAN SOMEONE HELP ME WITH THIS, I'M HAVING A HARD TIME UNDERSTANDING FINANCE QUESTIONS. CAN YOU SHOW ME HOW TO DO THIS STEP BY STEP. I'D REALLY APPRECIATE IT. HAVE A BLESS DAY!!
FIND THE ENDING BALANCE IN AN ACCOUNT THAT OPENS WITH $5,000, EARNS 4.5% INTEREST COMPOUNDED QUARTERLY, AND IS HELD FOR 20 YEARS. (ROUND YOUR ANSWER TO THE NEAREST CENT).
Click here to see answer by ankor@dixie-net.com(22740)

Question 492946: OMG!! Please Help! I have no clue on how this is done.
Consider a die with eight sides, marked one, two, three, and so on. Assuming equally likely outcomes, find the probability that the sum of two dice is the given number. Enter the answer either as a fraction or as a decimal rounded to three places.
P(15)=

AND ANOTHER QUESTION THAT HAS
P(6)=
Click here to see answer by josmiceli(19441)

Older solutions: 1..45, 46..90, 91..135, 136..180, 181..225, 226..270, 271..315, 316..360, 361..405, 406..450, 451..495, 496..540, 541..585, 586..630, 631..675, 676..720, 721..765, 766..810, 811..855, 856..900, 901..945, 946..990, 991..1035, 1036..1080, 1081..1125, 1126..1170, 1171..1215, 1216..1260, 1261..1305, 1306..1350, 1351..1395, 1396..1440, 1441..1485, 1486..1530, 1531..1575, 1576..1620, 1621..1665, 1666..1710, 1711..1755, 1756..1800, 1801..1845, 1846..1890, 1891..1935, 1936..1980, 1981..2025, 2026..2070, 2071..2115, 2116..2160, 2161..2205, 2206..2250, 2251..2295, 2296..2340, 2341..2385, 2386..2430, 2431..2475, 2476..2520, 2521..2565, 2566..2610, 2611..2655, 2656..2700, 2701..2745, 2746..2790, 2791..2835, 2836..2880, 2881..2925, 2926..2970, 2971..3015, 3016..3060, 3061..3105, 3106..3150, 3151..3195, 3196..3240, 3241..3285, 3286..3330, 3331..3375, 3376..3420, 3421..3465, 3466..3510, 3511..3555, 3556..3600, 3601..3645, 3646..3690, 3691..3735, 3736..3780, 3781..3825, 3826..3870, 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7606..7650, 7651..7695, 7696..7740, 7741..7785, 7786..7830, 7831..7875, 7876..7920, 7921..7965, 7966..8010, 8011..8055, 8056..8100, 8101..8145, 8146..8190, 8191..8235, 8236..8280, 8281..8325, 8326..8370, 8371..8415, 8416..8460, 8461..8505, 8506..8550, 8551..8595, 8596..8640, 8641..8685, 8686..8730, 8731..8775, 8776..8820, 8821..8865, 8866..8910, 8911..8955, 8956..9000, 9001..9045, 9046..9090, 9091..9135, 9136..9180, 9181..9225, 9226..9270, 9271..9315, 9316..9360, 9361..9405, 9406..9450, 9451..9495, 9496..9540, 9541..9585, 9586..9630, 9631..9675, 9676..9720, 9721..9765, 9766..9810, 9811..9855, 9856..9900, 9901..9945, 9946..9990, 9991..10035, 10036..10080, 10081..10125, 10126..10170, 10171..10215, 10216..10260, 10261..10305, 10306..10350, 10351..10395, 10396..10440, 10441..10485, 10486..10530, 10531..10575, 10576..10620, 10621..10665, 10666..10710, 10711..10755, 10756..10800, 10801..10845, 10846..10890, 10891..10935, 10936..10980, 10981..11025, 11026..11070, 11071..11115, 11116..11160, 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