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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 533903: If $100 dollars is deposited in a savings account that pays interest at a rate of 12.5% per year compounded continuously, find the balance after 13 years.

Click here to see answer by Kbear(1)

Question 534225: What is $100 at 8% annual interest compounded continuously after 7 years?
Click here to see answer by Alan3354(69443)

Question 534255: if i put 30,000 dollars in a ira account how much interest does it gain in 5 years
Click here to see answer by oberobic(2304)

Question 534248: I have �2970 ,, how much this would be after 24 years if 17% is added to the amount each year ?
Click here to see answer by rfer(16322)

Question 534340: how much simple interest will be earned in 18 months form $750 placed in a savings account at 7.5% simple interest?
Click here to see answer by fcabanski(1391)

Question 534458: An amount is invested in an account that offers 5% (percent) interest which is compounded annually. How long will it take for this amount to double?
Click here to see answer by mananth(16946)

Question 534579: A WOMAN INVESTED HER SAVING INTO TWO ACCOUNTS,SHE PLACES PART OF THE MONEY @15% AND THE REMAINDER@12%.AT THE END OF ONE YEAR SHE EARNED 1155$ IN INTEREST.HOW MUCH DID SHE INVEST IN EACH ACC?
Click here to see answer by solver91311(24713)

Question 520624: If monthly interest was $400. and the Rate is 8.5%. What was the principle balance at the beginning of that month?
Click here to see answer by tonyboy2001(1)

Question 534954: The manager of a large apartment complex knows from experience that 120 units will be occupied if the rent is 368 dollars per month. A market survey suggests that, on the average, one additional unit will remain vacant for each 4 dollar increase in rent. Similarly, one additional unit will be occupied for each 4 dollar decrease in rent. What rent should the manager charge to maximize revenue?
Click here to see answer by josmiceli(19441)

Question 535564: Anthony starts with 500 and saves 10 each week write an equation that tells us how much he has at any time
Click here to see answer by fcabanski(1391)

Question 535620: In how may years is required for ₱ 2,000.00 to increase by ₱ 3,000 if interest is 12% compounded semi - annually?
Click here to see answer by KMST(5328)

Question 535717: You deposit $3000 in an account that pays 3.5% interest compounded once a year. Your friend deposits $2500 in an account that pays 4.8% interest compounded monthly. Use this information to answer the following questions.
Who will have more money in their account after one year? How much more?
Who will have more money in their account after five years? How much more?
Who will have more money in their account after 20 years? How much more?

Click here to see answer by lmeeks54(111)

Question 535776: Kyle had $1,350in his bank accountat the begining of the year. He deposited the same amount once a month for 12 months. At the end of the 12 months there was $6,150 in the account. How much did he deposit each month?
Click here to see answer by SylvieCarroll(3)

Question 535929: There are 5 paychecks and the average of them are 36? How do you get that?
Click here to see answer by richard1234(7193)

Question 535909: The state owes me interest on a claim which is $90,000 and they owe the interest over 3 years, if they give me 4% interest how much do they owe me in total?
Click here to see answer by ankor@dixie-net.com(22740)

Question 535916: What is the compound amount for $15000 at 4.6% compounded semiannually for 11 years?
Click here to see answer by rfer(16322)

Question 535933: A writer received $37,000 as royalty for her book. She invested part of the money in bonds paying 6% interest annually. The rest she invested in a life insurance policy paying 11% interest annually. If the total interest from the investments after 1 year is $3520 how much did she invest in bonds?
Click here to see answer by mananth(16946)

Question 535960: A man sells two boats for $6,000.00 each. He made 20% profit on one boat and lost 20% on the other boat. Did he make money, lose money, or break even? How do you know?
Click here to see answer by mananth(16946)

Question 536060: Frank borrows 10000 dollars at 8.2 percent annual interest, compounded once per year, when he begins college. Four years later, how much will he owe? (Assume that he makes no payments during the four years.)
Click here to see answer by mananth(16946)

Question 536069: What percent of $35.35 is $14.40

Click here to see answer by april4869(19)

Question 536120: Bob invests $2000 at 6% interest for 5 years. How much will he earn in 5 years? How much will he have after 5 years?
Click here to see answer by fcabanski(1391)

Question 536236: Bob invests $2000 at 6% interest for 5 years. How much will he earn in 5 years? How much will he have after 5 years? I do not know what type of interest this is and that is not what i am looking for.
Click here to see answer by fcabanski(1391)

Question 536426: How long will it take for any amount of money to triple if invested at 6% annual interest and compounded quarterly and compounded monthly
Click here to see answer by mananth(16946)

Question 536833: The value, v of a shop-keeps inventory software program is given by v = -1/2t + 6, where t is the number of years since the shop-keep bought the program. What is it worth 6 years aftr it's first purchase? so far I have: t=0 and v=6, is this correct? also I need to see the graphing, everytime I try it is not right... can you help please? I'm 52 and it's been a while since I've had to do this... thank you, have a happy day!!
Click here to see answer by KMST(5328)

Question 536905: THE EVERTON COLLEGE STORE PAID $1794 FOR AN ORDER OF 46 CALCULATORS. THE STORE PAID $9 FOR EACH SCIENTIFIC CALCULATOR. THE OTHERS ALL GRAPHING CALCULATORS, COST $55 EACH HOW MANY OF EACH TYPE OF CALCULATOR WAS ORDERED
Click here to see answer by mananth(16946)

Question 537590: Your company has determined that the profit equation (in thousands of dollars) of producing x thousand smartphones is as follows:
Profit = �x2 + 110x � 1,000
(If the number of smartphones is 40,000, for example, then x = 40). The break-even point is the number of smartphones sold and produced that would result in a profit of zero.
Use your preferred method for solving the quadratic equation to determine the break-even point. Clearly demonstrate how the answer is determined, and interpret the result in real-life terms.
Click here to see answer by josmiceli(19441)

Question 537666: how many widgets must little business inc. make and sell before they start making a profit? Given: total fixed costs are $10,000.00, widgets are sold for $7.50 and the cost to make "ten" widgets is $25.00.

Click here to see answer by lmeeks54(111)

Question 537715: $15,000 is invested in a savings account paying 7% intereset per year. Write the formula for the amount in the account after t years if the interest is compounded quarterly.
Click here to see answer by TMils(8)

Question 538442: three hundred years ago your ancestor invested 1$ for you at 4.5% compounded monthly. HOw much is it worth now and what if she had invested it at 5% also compounded monthly
Click here to see answer by solver91311(24713)

Question 538388: If I invest $2000 at 8% interest for 30 years how much will I have? What would be the answer if I started at age 22?
Click here to see answer by ankor@dixie-net.com(22740)

Question 538738: How long does it take $1500 to double if its invested at 4% interest, compound monthly?
Click here to see answer by ankor@dixie-net.com(22740)

Question 538863: alejandra borrowed $400 at 11% simple interest for three years. If she makes no payments during that time, how much interest will she owe?
Click here to see answer by rfer(16322)

Question 539271: sales tax on a car sold for 14000 is 910 at this rate how much higher is the tax on a car sold for 19000
Click here to see answer by josmiceli(19441)

Question 539306: find the effective rate of interest
10% compounded continuously
Click here to see answer by Alan3354(69443)

Question 539307: A man wants to blend 30kg of coffee and each kilo cost $4.80.
One brand of coffee cost $6 dollars and $4 dollars for a kilo. How
much kilos of each brand of coffee should be used?
Click here to see answer by josmiceli(19441)

Question 539448: An amount of money was invested in an account which earned interest at a rate compounded continuously. After 11 years, the investment doubled. Determine the interest rate used at the time of investment.
Click here to see answer by stanbon(75887)

Question 539512: Terrell finds that if he takes a cruise in July it will cost $1200. This is 25% less than if he took the same cruise in December. What is the cost of taking the cruise in December?
Click here to see answer by oberobic(2304)

Question 539511: Adrienne deposited some money in an account earning 4% simple interest and $3000 more than
this in an account earning 6% simple interest. After 1 year, she earned a total of $390 in interest.
How much did she deposit in each account?
Click here to see answer by stanbon(75887)

Question 539538: A truck and a car leave an intersection at the same time traveling in the same direction. The
truck�s speed is 30 mph, and the speed of the car is 35 mph. After how long will the car be 5 miles ahead of the truck?
Click here to see answer by oberobic(2304)

Question 539562: Peanuts worth $2.18/kg are mixed with almonds worth $2.60/kg to make 20 kg of a mixture worth $2.20/kg. How many kilograms of each kind of nut must be used?
Click here to see answer by mananth(16946)

Question 539528: how many pounds of seed worth $1.05 per pound must be mixed with 60 pounds of seed worth $90 per pound in order to produce a mixture to sell for $1.00 per pound?
please show steps! it'd help a lot, thanks :D
Click here to see answer by ankor@dixie-net.com(22740)

Question 539766: How much should parents invest today at 6.24% compounded monthly, in order to have 65,000 for their child's educations in 18 years from now? I would appreciate a step by step walkthrough! Thanks!
Click here to see answer by mananth(16946)

Question 539779: financial;Kirti spent rs.281.90 on a total of 27 packets of australian yummy and healthy rice.[australian yummy rice sells at 9.45 per 5 kg packet and healthy rice at 14.80 per 8 kg packet]calculate the number of weeks her family would take to finish the rice if they eat 1/2 kg of rice everyday?
a.321/2 b. 42 6/7 c.52 1/4 d.none of these.
I solved it using GUESS AND CHECK of problem solving method since algebra was not included for my class of five[India] i did this way.first I must find how many 5 kg packets and 8 kg packets are there in the total 27 packets.I adjust the individual price to the total amount spent with total bags linearly working out from my first guess as 8 kg 9 packets and 5 kg remaining 18 packets and total the amount.I increased 5 kg one packet at a time and 8 kg is reduced one at a time.thus my 5 kg of 8 kg packets and 22 of 5 kg packets were found to be matching with the total amount 281.90/then i calculated the total kg in 5 packets and 22 packets and found that as 150 k.g.then if 1/2 kg -1day ,150 kg would come to 3oo days.divided by 7 i got 42 6/7weeks.my point is it is an international competition exam where the method is not written but correct solution is found. can you tell me whether this guess and check[international problem solving strategy is used elsewhere in exam where solutions are important?besides can you give me the starting equation to work on.sorry for taking your valuable time.I will be really grateful,if you could guide me here.thank you
Click here to see answer by KMST(5328)

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, 3871..3915, 3916..3960, 3961..4005, 4006..4050, 4051..4095, 4096..4140, 4141..4185, 4186..4230, 4231..4275, 4276..4320, 4321..4365, 4366..4410, 4411..4455, 4456..4500, 4501..4545, 4546..4590, 4591..4635, 4636..4680, 4681..4725, 4726..4770, 4771..4815, 4816..4860, 4861..4905, 4906..4950, 4951..4995, 4996..5040, 5041..5085, 5086..5130, 5131..5175, 5176..5220, 5221..5265, 5266..5310, 5311..5355, 5356..5400, 5401..5445, 5446..5490, 5491..5535, 5536..5580, 5581..5625, 5626..5670, 5671..5715, 5716..5760, 5761..5805, 5806..5850, 5851..5895, 5896..5940, 5941..5985, 5986..6030, 6031..6075, 6076..6120, 6121..6165, 6166..6210, 6211..6255, 6256..6300, 6301..6345, 6346..6390, 6391..6435, 6436..6480, 6481..6525, 6526..6570, 6571..6615, 6616..6660, 6661..6705, 6706..6750, 6751..6795, 6796..6840, 6841..6885, 6886..6930, 6931..6975, 6976..7020, 7021..7065, 7066..7110, 7111..7155, 7156..7200, 7201..7245, 7246..7290, 7291..7335, 7336..7380, 7381..7425, 7426..7470, 7471..7515, 7516..7560, 7561..7605, 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, 11161..11205, 11206..11250, 11251..11295, 11296..11340, 11341..11385, 11386..11430, 11431..11475, 11476..11520, 11521..11565, 11566..11610, 11611..11655, 11656..11700, 11701..11745, 11746..11790, 11791..11835, 11836..11880, 11881..11925, 11926..11970, 11971..12015, 12016..12060, 12061..12105, 12106..12150, 12151..12195, 12196..12240, 12241..12285, 12286..12330, 12331..12375, 12376..12420, 12421..12465, 12466..12510, 12511..12555, 12556..12600, 12601..12645, 12646..12690, 12691..12735, 12736..12780, 12781..12825, 12826..12870, 12871..12915, 12916..12960, 12961..13005, 13006..13050, 13051..13095, 13096..13140, 13141..13185, 13186..13230, 13231..13275, 13276..13320, 13321..13365, 13366..13410, 13411..13455, 13456..13500, 13501..13545, 13546..13590, 13591..13635, 13636..13680, 13681..13725, 13726..13770, 13771..13815, 13816..13860, 13861..13905, 13906..13950, 13951..13995, 13996..14040, 14041..14085, 14086..14130, 14131..14175, 14176..14220, 14221..14265, 14266..14310, 14311..14355, 14356..14400, 14401..14445, 14446..14490, 14491..14535, 14536..14580, 14581..14625, 14626..14670, 14671..14715, 14716..14760, 14761..14805, 14806..14850, 14851..14895, 14896..14940, 14941..14985, 14986..15030, 15031..15075, 15076..15120, 15121..15165, 15166..15210, 15211..15255, 15256..15300, 15301..15345, 15346..15390, 15391..15435, 15436..15480, 15481..15525, 15526..15570, 15571..15615, 15616..15660, 15661..15705, 15706..15750, 15751..15795, 15796..15840, 15841..15885, 15886..15930, 15931..15975, 15976..16020, 16021..16065, 16066..16110, 16111..16155, 16156..16200, 16201..16245, 16246..16290, 16291..16335, 16336..16380, 16381..16425, 16426..16470, 16471..16515, 16516..16560, 16561..16605, 16606..16650, 16651..16695, 16696..16740, 16741..16785, 16786..16830, 16831..16875, 16876..16920, 16921..16965, 16966..17010, 17011..17055, 17056..17100, 17101..17145, 17146..17190, 17191..17235, 17236..17280, 17281..17325, 17326..17370, 17371..17415, 17416..17460, 17461..17505, 17506..17550, 17551..17595, 17596..17640, 17641..17685, 17686..17730, 17731..17775, 17776..17820, 17821..17865, 17866..17910, 17911..17955, 17956..18000, 18001..18045, 18046..18090, 18091..18135, 18136..18180, 18181..18225, 18226..18270, 18271..18315, 18316..18360, 18361..18405, 18406..18450, 18451..18495, 18496..18540, 18541..18585, 18586..18630