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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 542057: suppose you borrow $600 at 10%. how long would it take you to earn $30
Click here to see answer by jpg7n16(66)

Question 542441: Find the monthly payment that will yield the given future value. (Round your answer to the nearest cent.)
$105,000 at 9 1/4% interest for twenty-nine years; ordinary annuity
Click here to see answer by Theo(13342)

Question 542438: Andrew invests a total of 120,000 in two different accounts. the first account earns 5% while the second account ears 6% if the total interest earned after one year is 6700 what principal was invested in each account?
Click here to see answer by mananth(16946)

Question 542769: Suppose a particular bank gives 3% interest on its savings accounts, compounded monthly. If one opens a savings account and deposits $ 300 each month for a total of 11 years, how much money will be in the account after the last deposit is made?
Click here to see answer by solver91311(24713)

Question 542951: A woman has $19,000 to invest in two funds that pay simple interest at the rates of 4% and 6% per year. Interest on the 4% fund is tax-exempt; however, income tax must be paid on interest on the 6% fund. Being in a high tax bracket, the woman does not wish to invest the entire sum in the 6% account. Is there a way of investing the money so that she will receive $1000 in interest at the end of one year? I have tried x+y=19000 and 0.4x+0.6y=1000... I have also tried x+y=1000 and 0.4x+0.6y=19000.
Click here to see answer by jpg7n16(66)

Question 543115: Amanda invests $25,000, part at 5% and the rest at 6%. The annual return on the 5% investment exceeds the annual return on the 6% investment by $40. How much did she invest at each rate?
I know that I have to form an formula, but I'm not sure how. We didn't go over this in class. : (
Click here to see answer by jpg7n16(66)

Question 543246: What is the commision rate of 2,000 dollars and 7.5%
Click here to see answer by umnikmo(75)

Question 543333: how long it takes a $1200 investment to earn $200 interest if it is invested at 9% interest compounded quarterly?
Click here to see answer by jpg7n16(66)

Question 543366: As an entrepreneur, there may be times when you must borrow money to fund the start of your business. You have just graduated from college, and your dream is to start your own business. Before you start your dream business, you need to research funding options.
Think of a business that you would like to own. Do research using the Internet to find more information about loans for small-business owners.
Discuss how small-business loans work and your options for obtaining a loan.
Discuss the process and procedures for obtaining the loan.
Report your findings in 2 paragraphs.
Click here to see answer by jpg7n16(66)

Question 541266: Roger, Sue, and Tim have $155 among them. Roger has $5 more than Sue and Tim together. If Sue gives Time $5 he will have twice as much as she does. How much does each have?
Click here to see answer by jpg7n16(66)

Question 543209: Heidi makes a bank deposit of $59500 with 96 bills consisting of $500 and $1000 bills. How many of each kind of bills did she deposit? , Im very Thankful that u had this site.. Tnx a lot!!!

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

Question 543471: From my IRA, how much money do I need to wihtdraw to get $10,000 if they withhold 10 persent? My e-mail address is maryandjimsabin@verizon.net.
Thank you, Jim Sabin
Click here to see answer by jpg7n16(66)

Question 542082: A coin bank contains only nickels, dimes, and quarters. The value of the 31 coins in the bank is $2.80.There are twice as many nickels as dimes. Find the number of each type of coin in the bank.
So far I have done: Dimes=x
Nickels=2x
Quarters=(31-x)
Dimes= 10 times x
Nickels= 5 times 2x
Quarters= 25 (31-x)
5(2x)+10x+25(31-x)=280
10x+10x+775-25x=280<-----doesn't look right.
I believe I am messing up on the quarters section.
Click here to see answer by jpg7n16(66)

Question 540888: Basit recieves 400kg of guavas for which he pays $0.75 per kg. on average 8% of them will spoil. find the selling price per kg to obtain a 75% profit on cost?
Click here to see answer by jpg7n16(66)

Question 543313: A sub shop purchases a used pizza oven for $605. After 5 years, the oven will have to be replaced. Write a linear equation giving the value V of the equipment during the 5 years it will be in use.
Click here to see answer by jpg7n16(66)

Question 544013: Mary saves $20 the first week. She saves an additional 10% each week. How much will she save on the seventh week?
Click here to see answer by jpg7n16(66)

Question 544381: Linda invested her savings in two investment funds. The amount she invested in Fund A was twice as much as the amount she invested in Fund B. Fund A returned a 7% profit and Fund B returned a 3% profit. How much did she invest in Fund A, if the total profit from the two funds together was $1700?
Click here to see answer by mananth(16946)

Question 544550: How long, to the nearest year, will it take me to become a millionaire if I invest $2000 at 10% interest compounded continuously?
Click here to see answer by nyc_function(2741)

Question 544257: students are having a car wash to raise at least $200.00. they are charging $3.00 a car and $5.00 per van. if they wash three times as many cars as vans how many cars and vans do they need to wash to reach their goal?
Click here to see answer by SwiftAlbatross(13)

Question 544788: Over 2 years, how much more does $2000 in a savings account with an APR of 5.2% compounded quarterly earn in interest than the same amount in a savings account with an APR of 4.8% compounded monthly?
A. $8.31
B. $16.61
C. $4.15
D. $33.22
Click here to see answer by rfer(16322)

Question 545091: A principal of $3000 is invested at 6% interest, compounded annually. How much will the investment be worth after 12 years
Click here to see answer by rfer(16322)

Question 545089: A principal of is invested at interest, compounded annually. How much will the investment be worth after years
Click here to see answer by saifoo.khan(162)

Question 545105: If you can earn $341 in 11 hours you can earn x dollares in 8 hours. The answer I got was $248. I used division and mulifplication to solve the problem.
Click here to see answer by lmeeks54(111)

Question 545213: Could someone please tell me if my answer is correct?
I have 13.9%
Question is The interest rate "r" to in crease your investemnt "p" to the amount "a" in "t" years is found br "r" = index "t" (radicand a/p)-1. What interest rate would be required to increase your investment of $2700. to $3600. over three years? Thank you

Click here to see answer by Alan3354(69443)

Question 545245: Oranges sell for x cents per pound at Carl's Convenience store. They cost 5 cents per pound less at the local supermarket. Ten pounds cost $4.50 at Carl's. How much per pound do oranges cost at each store?

Click here to see answer by alex-girl1122(1)

Question 545349: $10 is invested semiannually for 29 years at 5.5 % compounded semiannually. How much would the accumulated amount be?
Click here to see answer by jim_thompson5910(35256)

Question 545664: Good evening, I need assistance with this interest problem and would greatly appreciate your help. Jim is able to sell a hand-carved statue for $670 which was a 35% profit over his cost. How much did the statue originally cost him?
A. $496.30
B. $512.40
C. $555.40
D. $574.90
E. $588.20
the answer is A $496.30 but I do not understand how they have got the solution to that problem. what I have gotten so far is that I multiplied 670 with .35 and the answer is 234.5 then I took the answer and subtracted it from 670 which the answer 435.5

Click here to see answer by Alan3354(69443)

Question 545669: how much must a man 35 years of age deposit in a savings account today in a bank paying 4 1/2 % compounded quarterly in order to have $25000 in the account 25 years from now?
Click here to see answer by stanbon(75887)

Question 545642: The half life of stontium-90 is 28 years. How long will it take a 50 mg sample to decay to a mass of 32 mg?
Click here to see answer by ankor@dixie-net.com(22740)

Question 545688: You want to have a $75, 000 college fund in 15 years. how much will you have to deposit now in an account with an APR of 6% and monthly compounding?
I am having a really hard time with the formula for this and entering it into my calculator correctly. Please help me. I have a final tomorrow and I want to pass with flying colors. Thank you in advance for your time.
Meranda
Click here to see answer by rfer(16322)

Question 545710: james is collecting money for a jump-a-thon.His goal is to collect $85.So far he has collected $10 each from two people and $5 each from six people.How far away is he from his goal?
Click here to see answer by smmoore(10)

Question 545777: $48 in tips is to be divided among a restaurant's three waiters. Briana gets three times more than Jenny and Julis recieves four times as much as Jenny. How much does Julia Recieve and how do you write the equation?
Click here to see answer by neatmath(302)

Question 545770: how to write the equation for the problem " no name oatmeal costs 2/3 the price of the leading name brand. if the no name brand is $1.50, how much does the name brand cost"
Click here to see answer by neatmath(302)

Question 545735: Find out how long it takes a $2500 investment to double if it is invested at 9% compounded semiannually. round to the nearest tenth of a year.
Click here to see answer by mananth(16946)

Question 545854: A sidewalk vendor has 3 items on sale namely, a pocketbook for $50,a wall clock at $30, and a pencil at $1. At the end of the day he has sold a total of 100 items for a total sale of $1000. How many pocketbooks were sold?
Click here to see answer by JBarnum(2146)

Question 545869: suppose you have $12,500 to invest. Which investment yields the greater return after 5 years?
7.3% compounded monthly or 6.9% compounded quarterly?
Click here to see answer by mananth(16946)

Question 546168: Please help me with this question. Our school does not provide books so this is all I got.
DeShawn's school is selling tickets to a choral performance. On the first day of tickets sales the school sold 4 Adult tickets and 11 child tickets for a total of $65. The school took in $142 on the second day by selling 14 adult tickets and 10 child tickets. Find the price of an adult ticket and the price of a child ticket.
So I figured:
4A + 11B = 65
and
14A + 10B = 142
Can you help me from here?
Thanks in advance.
Jenny

Click here to see answer by scott8148(6628)

Question 546211: paul has $140 and svaes $35 each month. how much money will he have in 5 months
Click here to see answer by NAMath(12)

Question 546363: A couch is on sale for 35% off the original price. If the sale price is $390, find the original price of the couch.
Click here to see answer by stanbon(75887)

Question 546873: I was having trouble solving this word problem.
Say you sale cars
Your first $12,000 you get .11 commission
Any portion over $12,000 you get .9 commission
How much do you make in commission if you sale a car that is $16,790?

Click here to see answer by mananth(16946)

Question 547058: On Melissas's 6th birthday, she gets a $3000 CD that earns 4% interest, compounded quarterly. If the CD matures on her 13th birthday, how much money will be available?
Simplify and round to nearest cent.
Click here to see answer by solver91311(24713)

Question 547141: find the volume of a spherewhose surface areais 616sq cm
Click here to see answer by lmeeks54(111)

Question 547270: Jane has nickles, dimes and quaters which total $1.90. She has twice as many quaters as dimes. She has 3 times as many quaters as nickels. How many quaters does she have.
Click here to see answer by josmiceli(19441)

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