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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 565534: if I pay .25 cents for an item and sell it for 35.00 what is the percent increase? I believe 100% would of course be 50 cents. 75 cents would be 1000%? I am confused help please, thank you, lori
Click here to see answer by Alan3354(69443)

Question 565555: How do you find the answer when the principle amount is not given?
Click here to see answer by stanbon(75887)

Question 565644: A particular style of shoes costs the dealer $97 per pair. At what price should the dealer mark them so he can sell them at a 10% discount off the selling price and still make a 30%profit?
Click here to see answer by ad_alta(240)

Question 565838: Tom has two loans totaling 18000.00 one loan has a interest of 4.25% the other loan is at 6% after six years tom has a total interest of 5400.00 what is the total of both loans
Click here to see answer by mananth(16946)

Question 565775: I'm not entirely sure how to set this up.
You have $22 in your bank account and deposit $11.50 each week. At the same time, your cousin has $218 but is withdrawing $13 each week. When will your accounts have the same balance? How much money will you have after twelve weeks?
Do I use the I=rt formula?
Click here to see answer by ankor@dixie-net.com(22740)

Question 565904: A college student earned $8100 during the summer. They invested part of the money at 8% and the rest at 6%. If they received a total of $564 in interest at the end of the year how much was invested at 8%?�
Click here to see answer by mananth(16946)

Question 565898: Mike has a credit card balance of $1500. The credit card company charges 7% per annum simple interest. What is the interest charge on Mike�s credit card after 1 month?
Click here to see answer by stanbon(75887)

Question 565911: Kyle inherits $40,000 and invests part of the money in bonds with an interest rate of 11 percent. The remainder of the money is in savings at a 9 percent rate. What amount has he invested at each rate if he receives $4,080 in interest for one year?

Click here to see answer by mananth(16946)

Question 565928: A wine company needs to blend a California wine with a 5% alcohol content and a french wine with a 9% alcohol content to obtain 200 gallons of wine with a 7% alcohol content. How many gallons of each kind of wine must be used?
Click here to see answer by mananth(16946)

Question 566141: what is the answer to the following word problem: my product costs me $11.97 how much do i need to charge to make 25% profit...i need to know how to get this answer myself
Click here to see answer by josmiceli(19441)

Question 566311: Adult tickets to a show cost $6 and kids tickets cost $3. Twenty five people went to the show and it cost them $126. How many adults went to the show?

Click here to see answer by ad_alta(240)

Question 566687: a door breaks down 7 times per hour. cost of idle door time is $30 per hour. two carpenters Bob and Bill submit quotes to maintain the doors in the house. Bob charges $21 per hour and can fix 10 doors per hour while Bill charges $27 and can fix 13 doors per hour. Whose services should be employed?
Click here to see answer by Theo(13342)

Question 566730: if i take $600 from $4900 what percentage did i take?

Click here to see answer by Alan3354(69443)

Question 566740: A local Burger King budgets 1/8 of its monthly profits on salaries. Salaries for the month were $12,000. What were Burger King�s monthly profits?
I think I have the correct answer; I came up with $96,000. I would like to know the exact formula to use rather than multiplying and dividing random numbers that come to mind.
Click here to see answer by scott8148(6628)

Question 566778: Assume that Banc One recieves a primary deposit of $1 million. The bank must keep reserves of 20 percent aginst its deposits. Prepare a simple balance sheet of assets and liabilities for Banc One immediately after the deposit is received.
Click here to see answer by solver91311(24713)

Question 566779: How long, in years, will it take an investment of $1,000 to double to $2,000 at annual simple interest rate of 3%?
Click here to see answer by solver91311(24713)

Question 566784: The SIMPLEX financial system is characterized by a required reserve ratio of 11 percent; initial excess reserves are $1 million, and there are no currency or other leakages.
a. What would be the maximum amount of checkable deposits after deposit expansion, and what would be the money multiplier?
b. How would your answer in (a) change if the reserve requirement had been 9 percent?
Click here to see answer by solver91311(24713)

Question 566781: Assume that there are two banks, A and Z, in the banking system. Bank A receives a primary deposit of 600,000, and it must keep reserves of 12 percent against deposits. Bank A makes a loan in the amount that can be safely lent.
a. Show that Bank A's balance sheet of assets and liabilities would look like immediately after the loan.
b. Assume that a check is drawn against the primary deposit made in Bank A and deposited in Bank Z. Show what the balance sheet of assets and liabilities would look like for each of the two banks after the transaction has taken place.
c. Now assume that Bank Z makes a loan in the amount that can be safely lent against the funds deposited in its bank from the transaction described in (b). Show what Bank Z's balance sheet of assets and liabilities would like after the loan.
Click here to see answer by solver91311(24713)

Question 566777: The friendly National Bank holds $50 million in reserves at its Federal Reserve District Bank. The required reserves ratio is 12 percent.
a. If the bank has $600 million in deposits, what amount of vault cash would be needed for the bamk to be in compliance with the required reserves ratio?
b. The Friendly National Bank holds $10 million in vault cash, determine the required reserves ratio that would be needed for the bank to avoid a reserves deficit.
Click here to see answer by solver91311(24713)

Question 566775: I get these questions wrong every time. they are the only only ones i miss, and they are keeping me from finishing this class! ive tried both asnswers in () but neither is right. what do i do to solve these? ):

1a) Kim�s Garage borrows $7300 at 10% for 30 days. Find the amount of simple interest that is due.
$ (60.83) (730.00)
1b)What is the total amount that must be repaid after 30 days?
$ (7360.83) (8030.00)

2a)A company borrows $5000 at 6% for 60 days. Find the amount of simple interest that is due.
$ (50.00) (300.00)
2b)What is the total amount that must be repaid after 60 days?.
$ (5050.00) (5300.00)
Click here to see answer by bucky(2189)

Question 567015: I have trouble answering this simple interest question. A loan company advertises that you only pay 8 cents per day for each $100 borrowed. If a person borrows $500 for 90 days, what amount must the person repay and what annual simple interest rate is the loan company actually charging?(use a 360-day year)
Click here to see answer by stanbon(75887)

Question 567027: If you borrow $2000 and charged 7.0% interest compounded monthly and pay the principal interest in full after 72 weeks. a. how much money will you owe? b. how much interests will they make off the loan! can you walk me through the problem?
Click here to see answer by mananth(16946)

Question 567339: A salary after a 4.5% increase, if the original salary is x dollars
Click here to see answer by Maths68(1474)

Question 567320: If we need to bill $509,375 after subtracting a 10% discount, how much does the original total bill need to be?
Click here to see answer by Maths68(1474)

Question 567483: How much will be in someone's account at the end of 3 years if they deposit $700 and the simple interest is 5% per year?

Click here to see answer by stanbon(75887)

Question 567492: You have $68.00 and you must find the percent that you subtract from that number to get $35.00.
Click here to see answer by nerdybill(7384)

Question 567490: Marya invests $9000 for 4 years in a bank that pays 3% annual interest. What is the average value of her account over this time period if interest is compounded continuously
Click here to see answer by nyc_function(2741)

Question 567450: Two investments earn an annual income of $478.40. One investment earns an annual simple interest rate of 6.5%, and the other investment earns an annual simple interest rate of 5.4%. The total amount invested is $7,800. How much is invested in each account?
Click here to see answer by mananth(16946)

Question 567540: A college book store marks up the price that it pays the publisher for a book by 35%. If the selling price of a book is $92.00, how much did the bookstore pay for the book?
Click here to see answer by unlockmath(1688)

Question 567567: A builder of tract homes reduced the price of a model by 15%. If the new price is $425,000, what was its original price? How much can be saved by purchasing the model?
Click here to see answer by MNSue(6)

Question 567549: Laura works at a sporting goods store. She earns a 6% commission on all sales. How much commission does Laura earn on a $300 sale?
Click here to see answer by MNSue(6)

Question 567538: A car dealer, at a year-end clearance, reduces the list price of last year's models by 15%. If a certain four-door model has a discounted price of $8000, what was its list price? how much can be saved by purchasing last year's model?
Click here to see answer by MNSue(6)

Question 567642: Betsy a retiree, requires $5000 per year in extra income.she has $60000 to invest and can invest in B-rated bonds paying 13% per year or in a certificate of deposit paying 3% per year. How much money should be invested in each to realize exactly $5000 in interest per year?

Click here to see answer by Earlsdon(6294)

Question 567632: how to find the balance when you have $20,000 deposit earning 3.5% compound quarterly, after 10 years
can you give me the steps please i understand how to do principal earning but i don't get deposit earning
Click here to see answer by ankor@dixie-net.com(22740)

Question 567823: Desa invested a certain amount of money at 4% interest and $1500 more than that amount at 7%. Her total yearly interest was $435. How much did she invest at each
rate?
Click here to see answer by solver91311(24713)

Question 567749: 3. In 2001, Home Depot�s sales amounted to $60,700,000,000. In 2005, its sales were $71,200,000,000.
Write Home Depot�s 2001 sales and 2005 sales in scientific notation.
You can find the percent of growth in Home Depot�s sales from 2001 to 2005 by following these steps:
� Find the increase in sales from 2001 to 2005.
� Find what percent that increase is of the 2001 sales.
What was the percent growth in Home Depot�s sales from 2001 to 2005? Do all your work by using scientific notation (Round your answer to the nearest thousandth).
How do I get a paid tutor?
Click here to see answer by KMST(5328)

Question 567881: Tom had twice as much as lisa. Tom spent $15, lisa had 2/3 of what tom had left. How much did both have altogether at first?
Click here to see answer by lwsshak3(11628)

Question 568025: class 12l of 12%alcahol solutioni mixxed with a 20% alcahol solution to get a 14% solution how many liters of 20% solution are needed
Click here to see answer by stanbon(75887)

Question 568281: If a business borrows $15,000 and repays $21,300 in 4 years, what is the simple interest rate?
Click here to see answer by mananth(16946)

Question 568281: If a business borrows $15,000 and repays $21,300 in 4 years, what is the simple interest rate?
Click here to see answer by stanbon(75887)

Question 568243: Two investments totaling $27,500 produce an annuel income of $1,895. One investment yields 7% a year, while the other yields 4% per year. How much is invested at each rate?
Click here to see answer by mananth(16946)

Question 568320: 1.An executive invests $25,000, some at 6% and some at 5% annual interest. If he receives an annual return of $1380, how much is invested at each rate?
2.A restaurant has fixed costs of $148.75 per day and an average unit cost of $4.75 for each meal served. If a typical meal costs $6, how many customers must eat at the restaurant each day for the owner to make a profit?

3.A machine to manufacture fasteners has a setup cost of $1,100 and a unit cost of $0.003 for each fastener manufactured. A newer machine has a setup cost of $1,450 but a unit cost of only $0.0025 for each fastener manufactured. Find the break point. (Round your answer to the nearest whole unit.)

Click here to see answer by mananth(16946)

Question 568363: John sold you a candy bar for $1.00 that he bought for only 25 cents. What was the percent of increase?
Click here to see answer by stanbon(75887)

Question 568939: John invested $7500 at 10.4% simple interest for one year. How much additional money must he invest at a simple interest rate of 14% so that the total interest earned is 12% of the total investment ?
Click here to see answer by lwsshak3(11628)

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