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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 493168: You inherit $13,000 and you decide to invest the money in two different investments: one paying 10% and the other paying 14%. A year later your investments are worth $14,580. How much did you originally invest in each account?
Click here to see answer by stanbon(75887)

Question 30718: Can you please help me with this one? ** A restaurant has fixed costs of $137.50 per day and an average unit cost of $4.75 for each meal served. If a typical meal costs $6.00, how many customers must eat at the restaurant each day for the owner to make a profit?
Click here to see answer by anjnewman(1)

Question 493635: If the item sells retail for $15.00 and has a cost of $3.00 it would leave a profit of $12.00. When six of this item are purchased at the same time there is a discount of $.50 per item. Purchasing 12 items would give a $1.00 discount per item. At what point would the amount of items purchased at one time become a loss instead of a profit?

Click here to see answer by lmeeks54(111)

Question 493653: You invested $18,000 in two accounts paying %4 and %7 annual interest, respectively. If the total interest earned for the year was $930, how much was invested at each rate?
Click here to see answer by MRperkins(300)

Question 493834: At the movie theatre, child admission is $6.10 and adult admission is $9.20 . On Thursday, three times as many adult tickets as child tickets were sold, for a total sales of $707.70 . How many child tickets were sold that day?
Click here to see answer by swincher4391(1107)

Question 493853: This is the word problem:
How can $54,000 be invested part at 8% annual simple interest and the remainder at 10% annual simple interest, so that the interest earned by the two accounts will be equal.
I've tried:
.08x + .10(54,000-x) = 54,000 and it didnt work also
.08x + .10(54,000-x) + = x/2
I need to know if im setting it up right and what I set it too
Click here to see answer by scott8148(6628)

Question 494253: if you have 5.50 and take 20% off how much money is left
Click here to see answer by Maths68(1474)

Question 494471: How long does it take to double an investment of $1,000 in an amount that pays 8% annual interest rate if:
1. Interest is compounded quarterly?
2. Interest is compounded continuously?
Click here to see answer by Alan3354(69443)

Question 494569: Assignment 3: Project�Business Objective and Product Planning

Complete the Description of the Products and Services section of the business plan template. This section should:
-Specifically describe all of your products and services
-Explain how your products and services are competitive
Thank you.
Click here to see answer by solver91311(24713)

Question 494736: David makes two and half times as much John. John makes $25,000 a year, how much does David make?
Click here to see answer by algebrahouse.com(1659)

Question 494706: Jill ,an employee at old nave bugets 1/5 of her yearly salary for clothing.Jill's clothing bill for the year is $8000.What was her yearly salary?
Click here to see answer by Maths68(1474)

Question 494743: PizzaTime Restaurants is building a new pizza place and needs to determine how big to make the various parts of its facility. It wants to be able to accommodate a maximum of 640 customers per hour at its peak times. PizzaTime has collected the following information: the average time to place and receive an order is 1.2 minutes, the average time spent in the restroom is 0.5 minutes (50 percent of customers are men and 50 percent women), 30 percent of the customers have cars and require parking spots, and the average length of time at the restaurant is 20 minutes per customer. Assuming that PizzaTime wants to maintain a 20% capacity cushion for each area, determine:
(a) The number of cash registers required. Assume an average of 4 customers per order. (Round up your answer to the next whole number.)
Cash registers____?
(b) The number of toilets/sinks needed for the restrooms. Assume 50% time is spent on toilet and 50% at sink. (Round up your answer to the next whole number.)
Toilets required___?
Sinks required____?
c) The number of parking spaces needed. (Round up your answer to the next whole number.)
Parking spaces_____?
Click here to see answer by richard1234(7193)

Question 494824: 1. During one year, the Larson�s real estate bill included $478 for local schools. Of this amount, $320 went to the high school district. What percent did the Larson pay the high school district? (Round answer to two decimal places.)
2. (Find a percent notation for the fraction notation in the sentence)
In one town, 28 over 100 of those with college education end up moving away to a larger city. Explain or show how your arrived at your answer.

3. 52.5 is what percent of 7? (Round to the nearest tenth of a percent and show your steps)

4. During one year, the Schmidt�s real estate bill included $299 for miscellaneous services. Of this amount, 32% went to the library fund. How much money did the library receive?

5. Hamlet has a credit card balance of $4172.76 with an annual percentage rate of 23.2%. His card requires a minimum payment of 2% of the total balance. What is his minimum payment?

Click here to see answer by Theo(13342)

Question 495042: how much money would you have in your savings account at the end of two years if you had put five hundred dollars in your account at nine percent compounded semi annually
Click here to see answer by rfer(16322)

Question 495194: A man has three sums of money invested, one at 4 per cent, one at 3 1/2 per cent, and one at 3 per cent.His total annual income from the three investments is $416.The first investment yields $104 more per year than the other two combined.If he could receive 1/2 per cent more on each investment his annual income would be increased by $55.75.How much does he have invested at each rate?
Click here to see answer by josmiceli(19441)

Question 495343: I need to make an equation where I have to figure out the profit with $15 being the selling price and the fixed cost of $55 with a labor cost of $4 per unit.

Click here to see answer by stanbon(75887)

Question 495370: Please help me with this question:
You want to buy a newly released CD. The CD costs $14.95 plus 5.5% tax. Write an expression that represents how much money in dollars you need to buy the CD.
Click here to see answer by stanbon(75887)

Question 495897: A loan of $7534 is repaid at the end of 10 months. What size repayment check ( principal and interest) was written, if 4.6% annual rate of interest was charged?
Click here to see answer by rfer(16322)

Question 495885: What is the most a ticket would cost if it was 80 dollars?
A.$2.00
B.$4.00
C.$8.00
D.$10.00
Click here to see answer by Alan3354(69443)

Question 496139: can u tell me how to set up this problem? the combined average financial aid award for scholarship and grants is about 3600. if the scholarship money is 400 less than the grant money, what are the average awards for scholarships and for grants?
Click here to see answer by jorel1380(3719)

Question 496944: Ashley saves $32 from her weekly paycheck for her education. This is 1\5 of her weekly salary. how much does she earn each week? write and solve the equation to determine the amount Ashley earns.
Click here to see answer by josmiceli(19441)

Question 497003: You invested $10,400.00 in stocks and bonds, paying 6.4% and 8.3%, respectively. If the total interest earned for the year was $746.00, how much was invested in stocks and how much was invested in bonds?
Click here to see answer by jorel1380(3719)

Question 497427: If $7500 is invested at 6% annual simple interest, how much should be invested at 9% annual simple interest so that the total yearly income from both investments is $882.
Click here to see answer by lwsshak3(11628)

Question 497529: A sum of $2,450 is invested, part of it at 11% interest and the remainder at 14%. If the interest earned by the 14% investment is $100 more than the interest earned by the 11% investment, find the amount invested at each rate.

Can you show work??
Click here to see answer by mananth(16946)

Question 498038: I am having trouble setting up the following problem. I am not sure if the $43,750 is important in this question.
A bank has loaned out $500,000, part of it at 6% per annum and the rest of it at 11% per annum. If the bank receives $43,750 in interest each year, how much was loaned at 6%?
Thank you.

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

Question 498162: kate invests money in two plans. She invests three-fifths of the money in an account at a return rate of 2%. She invests the remainder of the money in an account with a return rate of 4%. If the total interest earned in one year from investments is $84,00, how much was invested in each plan?
Click here to see answer by mananth(16946)

Question 498268: two cars begin to drive in the same direction at the same time, one traveling at 60 miles per hour and one at 48 miles per hour. After 2 hours, how far apart are the cars?
Click here to see answer by Alan3354(69443)

Question 498266: Terri and Judy run a lawn mowing business. If Terri can mow a large lawn in 8 hours and Judy can mow the same lawn in 12 hours, how long will it take them together to mow the lawn?
Click here to see answer by Alan3354(69443)

Question 498265: a solution of 78% alcohol is to be mixed with a solution of 23% alcohol to form 165 liters of a 58% solution. How many liters of the 78% solution must be used?
Click here to see answer by Alan3354(69443)

Question 498263: A jeweler wants to combine a 60% gold alloy with a 20% gold alloy to make 1000 grams of 50% gold alloy. How many grams of 60% alloy should be used?
Click here to see answer by Alan3354(69443)

Question 498262: kelly earns 40% more than her sister, and together they earn $720 per week. How much does kelly earn per week?
Click here to see answer by Maths68(1474)

Question 498521: i work at a bookstore. I earn $ 90 per week plus $0.40 for each book i sell
Click here to see answer by richard1234(7193)

Question 498768: 1000 people went to the fair. if the fair charged $2 per child and $3 per adult and made a total of $2600 , how many children and how many adoults went?
Click here to see answer by solver91311(24713)

Question 498807: A man sold a piece of land and set aside 80% of the proceeds, from the sale for investment. One fourth of this amount was invested in a business venture earning 157 and the remainder in one earning 20% at the end of the year. If his earnings from the two investment amounted to 9000. Find the selling price of the land

Click here to see answer by Theo(13342)

Question 498810: Evaldez enterprise invest 20,000 part at 12% and the rest 14%. How much should be invested in each rate so that the income from the 14% investment is half as much as the income from the 12% investment
Click here to see answer by mananth(16946)

Question 498977: You have $1000 to start a retirement account. The 1st month, you deposit $1000, plus your new monthly deposit amount of $150. Then every month you deposit the $150 in a retirement account earning 3.8% interest compounded monthly. If there are 20 years until you retire, how much will you have? How much will you have if you retire in 30 years?
Click here to see answer by Theo(13342)

Question 498947: A principal of $6500 is invested in an account paying an annual rate of 6%. Find the amount in the account after 6 years if the account compounded semiannually, quarterly, and monthly.
Click here to see answer by Theo(13342)

Question 499135: I still have 25 years until retirement. How much money will I have if I invest $500 each month at 6% interest?

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

Question 499269: Acme Movers charge $100 plus $30 per hour to move a household across town. Hank's Movers charge $55 per hour. For what lenghts of time does it cost less to hire Hank's Movers?
Click here to see answer by chessace(471)

Question 499382: A local bank charges $8 per month plus 5 cents per check. The credit union charges $2 per month plus 8 cents per check. How many checks should be written each month to make the credit union a better deal?
Click here to see answer by oberobic(2304)

Question 498884: 1. You are planning to Cowboy Hats during the roundup and rodeo season in your town. You are viewing sales of cowboy hats for the previous 10 years to plan your supplies for each day. You find that the following equation models your sales of cowboy hats each day for the period of time during this season (x = 1 is the day the cowboy hats go on sale):
Cowboy Hats = -0.4x2 + 20x + 10

a. What happens to the sales of cowboy hats as time passes? (10% of grade)

b. Use the Quadratic equation to determine the last day that cowboy hats will be sold. (20% of grade)

c. After how many days will the peak in sales of cowboy hats occur? (20% of grade)

d. How many cowboy hats will be sold on the day the peak occurs? (20% of grade)

e. What will be the coordinates on a graph of the vertex? (10% of grade)

f. How many solutions are there to the equation �-0.4x2 + 20x + 10 = 0� and how do you know this? (10% of grade)

g. What do the solutions in �part f� represent? Do any of the solutions not make sense? Why or why not? (10% of grade)

Click here to see answer by richard1234(7193)

Question 499522: by selling a car for �2500 john made a profit of 25% how much did he pay for it?

Click here to see answer by nerdybill(7384)

Question 499693: A worker's take-home pay is $376, after deductions totaling 60% of the gross pay have been subtracted. What is the gross pay?
Click here to see answer by Maths68(1474)

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