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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 587663: $1 Austrlian dollar (AUD) convert to 0.98 (US) dollars
how many Australian dollars will you recieve for $1400 US?
Convert $37.50 AUD to US dollars.
Click here to see answer by josmiceli(19441)

Question 587904: I really just cannot figure this out. I divided 132 by 22, got 6. Then I multiplied 6 by 15 and got 540. That was not an answer choice. Please help!(:
30. Lee worked 22 hours this week and made $132. If she works 15 hours next week at the same pay rate, how much will she make?
Thank you for helping me out in advance!
Click here to see answer by Alan3354(69443)

Question 588074: A sneaker shop pays its wholesaler $40 for a certian athletic shoe, and then sells it to a customer for $75. What is the % markup?
Click here to see answer by Alan3354(69443)

Question 588029: Heather has $2.50 in nickels, dimes and quarters. She has three times as many nickels as dimes and four times as many quarters as dimes.
a. Write an equation that relates the number of each kind of coin to the amount of money that Heather has.
b. How many of each kind of coin does heather have?
Click here to see answer by ankor@dixie-net.com(22740)

Question 588227: The simple interest (Is)in a savings account varies jointly as the Principal (P) and the time (T). After 3 months, 8000 pesos deposit earned 100 pesos in interest. How much will a 10,000 pesos principal earn in 5 months?
This is about Variation. But this kind of variation is a joint variation. Its formula to solve it is y=kxz.
I've tried to find fist the k and k is equal to 1/240.
But, when I'm finding the Is in the second question, it is bigger :| Can you help me to answer?
Thank you so much in advance :)
-Karen
Click here to see answer by nerdybill(7384)

Question 588535: 5100 invested for 10 years at 10 perceent compounded annually will accumulate to?
Click here to see answer by stanbon(75887)

Question 588558: using the formula for simple interest I=PRT determine the interest paid on a loan in the amount of 5,000 at 6% interest, paid back in 2 years

Click here to see answer by jim_thompson5910(35256)

Question 588547: A person hired a firm to build a CB radio tower. The firm charges $100 for labor for the first 10 feet. After that, the cost of the labor for each succeeding 10 feet is $25 more than the preceding 10 feet. That is, the next 10 feet will cost $125, the next 10 feet will cost $150, etc. How much will it cost to build a 90-foot tower?
Click here to see answer by Theo(13342)

Question 588675: "Stephanie deposited some money in a bank account that earns 5.6% interest compounded continuously. How long will it take to double the amount of money in her account?"
So far I used the PERT formula to set up the problem, but without a principal amount I am lost as to how I can give an exact amount of time!
I have:
A(t)=Pe^0.56t
Click here to see answer by josmiceli(19441)

Question 589087: The Jacksons are opening a saving account for their childs education. In 18 years they will need about 134,000. If the account earns 6% simple interest, how much money much they invest now to cover the cost of the college. I need to know how to write the equation. Thank you!
email: maryrex@aol.com
Click here to see answer by lwsshak3(11628)

Question 589070: how long will it take to quadruple your money if you invest it at an interest rate of 5% and it is compounded every 4 months?
Click here to see answer by lwsshak3(11628)

Question 588569: A contestant on a game show wins one chip for answering the first question correctly, two chips for answering the second question correctly, four chips for the third, eight chips for the fourth, etc. The contestant can stop anytime, but if he or she misses a question, all the accumulated chips are lost. The chips can be cashed in at the end of the game for prizes. If a contestant wishes to win a prize worth 225 chips, how many questions must the contestant answer correctly?
Click here to see answer by KMST(5328)

Question 589568: Please help me figure out the problem below.
Mark invests $8000 in an account that pays 12% interest and $2000 in one that pays 8%. If he leaves the money in the accounts for the same length of time, how long must he leave it to gain $5600 in interest?
So far I have: P= 8000 R=.12 T=X I= 960X
* *
P= 2000 R= .08 T=Y I= 160Y
HELP ME PLEASE!
Click here to see answer by mananth(16946)

Question 589887: How long, to the nearest year, will it take me to become a millionaire if I invest $1000 at 10% interest compounded continously?
I mainly want the formula to solve this. But the answer and solution would be helpful.
Click here to see answer by Alan3354(69443)

Question 589915: There are 325 students in a college who have taken a course in calculus, 218 who have take a course in discrete mathematics, and 144 who have taken a course in both calculus and discrete mathematics. How many students at this college have taken a course in either calculus or discrete mathematics?
Click here to see answer by Edwin McCravy(20054)

Question 590241: If i make $9.10 an hour and get a 2% raise how much will I make a hour then?
Click here to see answer by stanbon(75887)

Question 590367: Inflation caused the price of a suit to go from $60 to $63. What was the percent of increase in the price?
Click here to see answer by rfer(16322)

Question 590366: Inflation caused the price of a suit to go from $60 to $63. What was the percent of increase in the price?
Click here to see answer by rfer(16322)

Question 590364: john's new salary is $165 per week. This is a 10% increase over last week salary. What was his salary last week?
Click here to see answer by rfer(16322)

Question 590371: Mr. Amell insured his house for $84,500. if the rate per year is $0.44 per hundred, find his aunnal perminum.
Click here to see answer by rfer(16322)

Question 590378: Mr. Norlan start the month with a balance of $480.70 in his checking account. If he drew checks for $23.80,$65, and $165, and made a deposit of $200, what was his new balance
Click here to see answer by solver91311(24713)

Question 590381: A refrigerator can be purchased for $400 cash, or 25% down with 12 monthly installments of $30. how much is saved by paying cash?
Click here to see answer by josmiceli(19441)

Question 590403: Slove the following equation for x
2x + 7 = 31
Click here to see answer by Alan3354(69443)

Question 590389: The distance around a tree is 44". The diameter of the tree is approximately how many inches?
Click here to see answer by Alan3354(69443)

Question 590455: he put 1050 in a savings account and it earned 241.50 in simple interest after 4 years. What is the intest rate?
Click here to see answer by rfer(16322)

Question 590406: Suppose you invest $1500 into an account that looses 4.75% annually. Find your balance after 25 years if compound semi-annually.
Click here to see answer by rfer(16322)

Question 590499: if my savings account give me 5% interest per year, how much interest is that per month?
Click here to see answer by stanbon(75887)

Question 590819: Please help!!!!
A small country consists of 7 provinces with the following populations:
Province A B C D E F G
___________________________________________________________
Population 25,312 19,734 33,407 29,591 13,288 22,751 31,992
There are 300 federal judges to be apportioned according to the population of each province. The apportionment for province G is ________. Use Webster's method.
Click here to see answer by solver91311(24713)

Question 590833: A local retailer is selling all $120 wall mirrors at 33% off.
Mitchell is buying a wall mirror and has a coupon for an additional 15% off,
the sale price. What will Mitchell pay for his mirror.
Please show the step by step for this problem.
Click here to see answer by jim_thompson5910(35256)

Question 590757: what is the annual interest rate if $7200 is invested for 15 months and earns $855 interest
Click here to see answer by rfer(16322)

Question 590927: A sales person earns 5 % commission. If his sales total 9500 how much is the comission
Click here to see answer by MsRedz123(24)

Question 590979: you make 300 dollars per week and 10 dollars per sale, the total earned for the week is 750 how many sales were made for that week
Click here to see answer by ad_alta(240)

Question 590908: You recieve a penny on January 1st, two cents the next day, four cents the next and so on,doubling every day. How long will it take to be a millionaire? Suppose you started with a nickle and doubled, how long before you were worth a million dollars?
Click here to see answer by Alan3354(69443)

Question 591051: Mona invests $300 at 4% yearly interest. How much does she have to invest at 9% so that the total yearly interest from the two investments exceeds $48?

Click here to see answer by stanbon(75887)

Question 591076: Find the amount that results from the investment.
$480 invested at 10% compounded quarterly after a period of 6 years
Click here to see answer by mananth(16946)

Question 591510: A pair of jeans is on sale for 15% off the original price. The sale price $29.74. What was the original price.
Click here to see answer by rfer(16322)

Question 591510: A pair of jeans is on sale for 15% off the original price. The sale price $29.74. What was the original price.
Click here to see answer by derangoj(14)

Question 591597: find the domain of the function A= p(1+0.08/4)^4t
Click here to see answer by jim_thompson5910(35256)

Question 591727: I have a couple questions that I need help with please.
How much would $500 invested at 8% interest compounded continuously be worth after 15 year, rounded to the nearest cent?
How much would $500 invested at 5% interest compounded monthly be worth after 7 years? round your answer to the nearest cent.
Thank you for your time.
Click here to see answer by solver91311(24713)

Question 591829: If $3000 is invested at an interest rate of 5% each year, find the amount of the investment at the end of 4 years for the following compounding methods.
B)semiannually, which is six months, but it is also half a year, so I'm not sure which variable this is, as well as what number it is.
Note: I know that the formula I need to use is this: A(t)= P[1+(r/n)]^nt
Initially I tried plugging in the values: A(t)= 3000(1+0.05/4)^4, this was just a guess (this is one is for Annually though). I couldn't figure that one out, but since I think B) might be harder I tried that one. I had no success getting the right answer. I'd appreciate your help on this one, Thank you so much.
Click here to see answer by jim_thompson5910(35256)

Question 591876: If the club sells 100 student tickets for $2.75 each and 50 adult tickets for $5.50 each will they meet the goal of $500?
Click here to see answer by Edwin McCravy(20054)

Question 591922: how to solve this problem a speed boat travels at a rate of 20 KPH in still water. It travels 55 Km. upstream in the same time that it travels 90 KM downstream. What is the rate of the current
Click here to see answer by stanbon(75887)

Question 592024: A money market fund pays 12.8% per year, compounded semiannually. For a deposit of $5000, this compound interest rate is equivalent to what simple interest rate for 1 year? Give your answer to the nearest tenth of a percent.
Click here to see answer by rfer(16322)

Question 592081: A total of $5,000 was invested, part of it at 5 % interest and the remainder at 7 %. If the total yearly interest amount is $325 , how much was invested at 5 %?

Click here to see answer by mananth(16946)

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