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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 500164: what is money problem?

Click here to see answer by richard1234(7193)

Question 500194: How much money should be invested in an account that earns 9% interest, compounded monthly, if you want to have $500,000 after 20 years?
Click here to see answer by mananth(16946)

Question 500249: Clarita borrowed money at a 6% interest rate. If sheh pays the bank a total of $8000 at the end of ten years, how much did she originally borrow?
How do I utilize the I=prt formula to figure out the original borrowing amount?
Thanks!
Click here to see answer by geetha_rama(94)

Question 500460: how do you round 656 to the nearest hundred?
Click here to see answer by MathLover1(20849)

Question 500548: This is a word problem from my text book(word for word) I am having problems solving. I have tried to subtract the two numbers, but I know that doesn't sound right. Here it is:
Bowling centers in the United States made $2,800,000,000 in 1990. Their receipts in 1998 were $2,764,000,000. What was the average change in revenue for each of these 8 years?
Click here to see answer by chessace(471)

Question 500675: A student buys 5-cent, 10-cent, and 15-cent stamps, with a total value of $6.70. If the number of 5-cent stamps is 2 more than the number of 10-cent stamps, while the number of 15-cent stamps is 5 more than one half the number of 10 cent stamps, how many stamps of each denomination did the student obtain?
This is as far as I got (chart form):
# of stamps Denomination Value
5 cent n+2 .05 .5n+10
10 cent n .10 .10n
15 cent (1/2n)+5 .15 .15(1/2n)+5
I am suppose to get the answer of:
28 5 cent stamps, 26 10 cent stamps, and 18 15 cent stamps. I have tried this problem numerous ways and cannot get to the whole numbers listed above.
Click here to see answer by solver91311(24713)

Question 500796: if a car rented for $23 per day for 3 days, and needed to pay $2.5 for each mile if the total cost was $150 for renting the car how many miles can be driven for 3 days?
Click here to see answer by Maths68(1474)

Question 500854: Betsy has $137 in her checking account. She writes a check for $111, makes a deposit for $60, and then writes another check for $88. What is the balance of her account?
Click here to see answer by Maths68(1474)

Question 500878: can someone please help me?
Amy can buy 3 sandwiches and 4 iced teas for $22.25. She can buy 1 sandwich and 3 iced teas for $9.50. Find the cost for 1 sandwich and 1 iced tea.
Click here to see answer by geetha_rama(94)

Question 500887: 1.Edmund buys a television set from a merchant who ask $1,250.00 at the end of 60 days. Edmund wishes to pay immediately and the merchant offers to compute the cash price on the assumption that money is worth 8% simple interest. What is the cash price?
i really need your help..pleeassssssssssse.thanks
Click here to see answer by Maths68(1474)

Question 500875: At Ann Wills is offered a sales job with two firms. Boden Tools offers her a salary of $800 a month. Sentor, Inc. offers her a commission of 2.5% on the first $45000 of monthly sales, 4.5% on the next 20000 of monthly sales over $65000. If Ann could average $87000 in sales a month at either job, at which could she earn more per month, and how much more?
Click here to see answer by geetha_rama(94)

Question 500481: Sylvia's monthly salary is $500.00 less than twice her daughter's salary. Together they earn $3,400 each month. How much is Sylvia's daughter's montly salary?
Click here to see answer by Maths68(1474)

Question 501375: the interest on an investment varies directly as the rate if interest. if the interest is $48 when the interest rate is 5%, find the interest when the rate is 4.2%?
Click here to see answer by rfer(16322)

Question 501440: A portion of $6,600 is invested at a 6 percent annual rate of interest, while the remainder is invested at a 4 percent rate. If the annual income from the two portions is the same, what dollar amount was invested at the 6 percent rate?

How can we solve the above question using algebraic equation ? Please help. thanks
Click here to see answer by mananth(16946)

Question 501572: A $15000 investment is to be divided among two stocks so that $3000 less is invested in one stock than the other. How much will be invested in each.
I have to make an equation for this problem. I'm a little stumped.
Click here to see answer by edjones(8007)

Question 501719: Theater charges 8.50 for adults and 5.50 for children. Total sales last night were 2662.50 selling 375 tickets. How many childrens tickets were sold?
Click here to see answer by mananth(16946)

Question 501722: when you use your car for business you are able to deduct expenses on your income tax. Milage rates are 55.5 cents per mile. How many miles did the tax-payer drive who deducted &8880.00.
Click here to see answer by ankor@dixie-net.com(22740)

Question 501884: Helen Weller invested $11,000. Part of it was invested a 5% interest and the rest was invested at 4% interest. How much was invested at each rate if $520 was earned in interest the first year?
Click here to see answer by josmiceli(19441)

Question 501952: Jan invested $1200 at a certain simple interest rate and $2200 at a rate of 3% higher. Her annual earnings were $253. Find the two interest rates if she earned $121 more on the larger investment than on the smaller.
what is the process and answer of this word problem? explain
Click here to see answer by lwsshak3(11628)

Question 502317: Entry fees for a race are $18 if registered before Oct.1 and $22 after. if a total of 1345 registered for the race and the entry fees totaled $25,766, how many people registered after Oct. 1?
Click here to see answer by Maths68(1474)

Question 502983: What is the interest on $5000 at 10% for 15 months?
Click here to see answer by jrb1965(16)

Question 503199: invest 600 for 4 years at 8% compound interest pa. how much after 4 years?
Click here to see answer by Sarpi(32)

Question 503254: How much money will you need to deposit to earn 75$ in simple interest in 6months if your bank pays 5% annually
Click here to see answer by josmiceli(19441)

Question 503694: Matty Kaminsky owns a new Volvo. His June monthly interest was $400. The rate is 8 � percent. Matty's principal balance at the beginning of June is: (Use 360 days)
Click here to see answer by oberobic(2304)

Question 503729: in order to have $10,000 in 5 years, how much would a person have to invest if the money will earn 12% interest compounded semiannually?
Click here to see answer by mananth(16946)

Question 503947: can you please help me?
a box of pencils cost $3 and a box of erasers cost $1.50 cents each. stuart spent $30.00 on pencils and erasers. if he bought two more boxes of erasers than pencils, how many boxes of pencils did he purchase?
Click here to see answer by josmiceli(19441)

Question 504296: how much money should be invested in an account that earns 9% interest, compounded monthly, if you want to have 5000000 after 20 years
Click here to see answer by mananth(16946)

Question 504498: Formulate but do not solve the following exercise as a linear programming problem.

A farmer plans to plant two crops, A and B . The cost of cultivating crop A is $40/acre whereas that of crop B is $70/acre. The farmer has a maximum of $7710 available for land cultivation. Each acre of crop A requires 20 labor-hours, and each acre of crop B requires 24 labor-hours. The farmer has a maximum of 3008 labor-hours available. If she expects to make a profit of $190/acre on crop A and $200/acre on crop B, how many acres of each crop, x and y, respectively, should she plant in order to maximize her profit, P?

P = ? subject to the constraints
cost ?
labor ?

x ≥ 0
y ≥ 0

Click here to see answer by stanbon(75887)

Question 504656: Jackie invests $25,000, part as a 5.5% annual interest and the balance at 8.3% annual interest. How much is invested at each rate if Jackie receives a 1-year interest payment of $1571?
Click here to see answer by jorel1380(3719)

Question 504627: Formulate but do not solve the following exercise as a linear programming problem.

Kane Manufacturing has a division that produces two models of fireplace grates, x units of model A and y units of model B. To produce each model A requires 2 lb of cast iron and 7 min of labor. To produce each model B grate requires 4 lb of cast iron and 4 min of labor. The profit for each model A grate is $1.50, and the profit for each model B grate is $2.40. If 920 lb of cast iron and 1620 min of labor are available for the production of grates per day, how many grates of each model should the division produce per day in order to maximize Kane's profits P?

P = ? subject to the constraints
cast iron ?
labor ?
x ≥ 0
y ≥ 0

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

Question 504967: Professor McGonagall gave Hermione one nickel on Monday. On Tuesday, she gave Hermione five nickels. On Wednesday, she gave Hermione 14 nickels and on Thursday, she gave Hermione 30 nickels. Professor McGonagall told Hermione that if she could figure out the pattern and tell her how many nickels she would get on the tenth day, Hermione could have them all on Friday.

How many nickels should Hermione tell Professor McGonagall she will get on the tenth day?
Click here to see answer by josmiceli(19441)

Question 505177: Equal amounts are invested in each of the three accounts paying 7%, 8% and 10.5% annually. If one year's combined interest income is $1249.50, how much is invested in each amount?
Click here to see answer by geetha_rama(94)

Question 505513: Harold wrote to 15 people, cost of postage was $5.64. cost of post card is .28 and cost of letter is .44. How many letters were written?
Click here to see answer by stanbon(75887)

Question 505782: Moe earns 11% more than her husband Joe. Together they make $ 62000 per year. What is Joe�s annual salary?
I tried finding 11% of 62000 which results in 6820 and then subtracting from the total salary. Then from the subtracted total i tried halving the total to find Joe's salary.
Click here to see answer by Maths68(1474)

Question 505931: round 5.5% of $60 to the nearest centh
Click here to see answer by rfer(16322)

Question 506240: Wendy was awarded a volleyball scholarship to the University of Michigan, so on graduation her parents gave her the $14,000 they had saved for her college tuition. She opted to invest some money in a privately held company that pays 10% per year and evenly split the remaining money between a market account yielding 2% and a high rick stock that yeilded 40%. At the end of the first year she had $16,610 total. How much did she invest in each of the three?
Can I please get some help on this because I have a test tomarrow and I don't understand these problems.
I've tried : .4x+(14000-2x)+.02(14000-(x+y)=16610 but I stopped when I got x+y=4147222.22 and I'm really confused now. Can you please show me how to solve this problem?
Click here to see answer by scott8148(6628)

Question 506778: if i sell candles for $1 and it cost me 460 to make each candlr . what is my profitt if i sell 200 candles ? and explain
Click here to see answer by richard1234(7193)

Question 506930: How long, to the nearest year, will it take me to become a millionaire if I invest $1000 at 9% interest compounded continuously?
Click here to see answer by jim_thompson5910(35256)

Question 507121: Use a graph of f or some other method to determine what, if any, value to assign to f(a) to make f continuous at x = a. (If there is no such value, enter NONE.)
f(x)=X^2+13x+42/x+7 ; a=-7
Click here to see answer by tinbar(133)

Question 507180: a man invest twice as much as 8% as he invests at 5%.his total annual income from the two investments is 840.how much is invested at each rate?

Click here to see answer by nerdybill(7384)

Question 507088: Chris sold small lemonades for $1.29, medium lemonades for $1.49, and large lemonades for $1.85. During a lunch time rush Chris sold 40 lemonades for a total of $59.40. The number of small and large drinks combined was 10 fewer than the number of medium drinks. How many drinks of each size were sold?
Click here to see answer by ankor@dixie-net.com(22740)

Question 507473: A delivery truck arrives at the Robert's store with 8 small boxes and 5 large boxes. The total charge for the boxes, without the tax and delivery charges, is 184 pesos. A large box cost 3 pesos more than a small box. What is the cost of each box?

Click here to see answer by nerdybill(7384)

Question 507562: For a long distance person to person telephone call, a telephone company charges $0.43 for the first minute, $0.32 for each additional minute, and a $2.10 service charge. If the cost of a call is $5.73, how long did the person talk?
Click here to see answer by oberobic(2304)

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