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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 616580: I have a pension that provides about $1,600 a month, fixed.
What lump sum would I need to produce that given current returns on investment?
Click here to see answer by solver91311(24713)

Question 616623: I'm drawing a total blank on how to do this. Could someone help me and explain it. Thank you for your help. I can't remember how to figure compound interest.
On your birthday, you deposit $600.00 in an account that pays 5% interest, compounded annually. How much is in the account 9 years later?
Click here to see answer by ewatrrr(24785)

Question 616889: what is the present value of 30,000 when compounded monthly at 4% for 5 years?

Click here to see answer by richwmiller(17219)

Question 616913: mr.dikinson's whole life premium increased from $115 to $149 per month when he increased his face value. find the percent increase to the nearest percent.
Click here to see answer by josmiceli(19441)

Question 617103: If an aircraft is priced at �120 each. How much discount have you received if you pay �900 for 10 years?
Click here to see answer by Alan3354(69443)

Question 617174: An investment earns 5.5% annual interest, compounded monthly. If $1800 is invested, what is the balance after 2 months?
Click here to see answer by scott8148(6628)

Question 617182: how much will $10,500 become if it earns 9% per year for 60 years, compoundedd quarterly?
Click here to see answer by Alan3354(69443)

Question 617182: how much will $10,500 become if it earns 9% per year for 60 years, compoundedd quarterly?
Click here to see answer by scott8148(6628)

Question 617208: You are making a map of your neighborhood using a coordinate system where north is the positive y axis, and east is the positive x axis. You set it up so that every intersection is a point on the coordinate system. If you start at point (3,4) and now walk 3 blocks north and 6 blocks west. At what coordinate do you find yourself?
Click here to see answer by nerdybill(7384)

Question 617206: A coat is selling at � of its original price. The sale price is $120. You can find the original price, p with the equation 3/4p=120. Find the original price.
Click here to see answer by nerdybill(7384)

Question 617204: Bill has $2,000 in his savings account and x dollars in his checking. Write an expression for the total amount of money Bill has
Click here to see answer by nerdybill(7384)

Question 617248: DvDs are on sale for $12 ,tax included. If Jason buys 10 how much money will he spend
Click here to see answer by Theo(13342)

Question 617308: If you take out a loan for one year for 4,500.00. What would be the simple interest on this loan if the annual percentage rate were 6.5%
Click here to see answer by MathStudent15(9)

Question 617527: You invest $1500 in an account with an interest rate of 8% for 12 years, making no other deposits or withdrawals. What will be in your account balance if the interest is compounded monthly?
Click here to see answer by lynnlo(4176)

Question 617635: clair bought two bars of soap and six sponges for $5.50. steve bought three bars of soap and five sponges for $8.25. what is the cost for each item?
Click here to see answer by josmiceli(19441)

Question 618172: If you put $1000 into an account yielding 8% interest continuously compounded,
in how many years would your account have $3000?
Click here to see answer by solver91311(24713)

Question 618254: the hot dog shack sold 359 hot dogs during their 2-day grand opening celebration on Saturday and sunday. the number of hot dogs sold on sunday was 13 less than twice the number of hot dogs sold on saturday. how many hot dogs did it sell on sunday?
Click here to see answer by Maths68(1474)

Question 618298: A mother wants to invest $11,000.00 for her son's future education. She invests a portion of the money in a bank certificate of deposit (CD account) which earns 4% and the remainder in a savings bond that earns 7%. If the total interest earned after one year is $660.00. How much money was invested in the CD account
Click here to see answer by mananth(16946)

Question 618420: Need help with a multi-question word problem
If Profit=0.15x-28(i.e; the cost of making an individual e-reader will be 150)
{0.15 x1,000} with 2,800
{28*1,000} in constant charge
How much is lost if no e-reader sell
Sells 5,000 how much will company loss or gain
If profit must equal 100 thousand how many e-reader need to sell
To break even how many e-readers need to sell
Click here to see answer by solver91311(24713)

Question 618513: interest rate is 9% doubling time is 8 years if you invest $5000.00 what wil it grow to in 24 years?
a.$40,000
b.$15,000
c.$20,000
d.$30,000
do not understand how to fit this into a formula to get the answer please help have several more on this order to complete

Click here to see answer by stanbon(75887)

Question 618689: My customer pays a partial payment on an invoice. The state tax is 5% on the total invoice. I can estimate, and eventually find what the principle should be on the partial payment, but there must be a formula to do this.
Any help?
Ralph
Click here to see answer by ewatrrr(24785)

Question 618441: How much interest is earned for the investment?
$20,000 for 2 years at 6% compounded annually

Click here to see answer by scott8148(6628)

Question 618806: Trina has a college fund started with a deposit of $10,000 which earns 5% annually. If no other monies are deposited, how much money will Trina have in her fund at the end of three years?
Click here to see answer by solver91311(24713)

Question 618952: Suzie�s flower shop estimates that supplies costs for one month will be given by the polynomial 3x^2 + 7x � 3. She estimates that utilities costs for one month is given by 5x + 2. Find and simplify an expression that would estimate Suzie�s total costs for one month.
Click here to see answer by nerdybill(7384)

Question 618954: Concerning SIMPLE INTEREST. I know that I(interest)=P(principal)X R(rate)X T(Time).
How do I solve for P, if I have the rest, 2% for 3 years paid 1080 in interest, how much did I borrow? I cannot figure it out. Help please. Not the answer, just the formula.Thank you, Ted
Click here to see answer by nerdybill(7384)

Question 618966: a man buys many shirts at rate of 5 for $120.He intends to sell them for $30 each. How many shirts must he sell to make a profiit of $1200?
Click here to see answer by josmiceli(19441)

Question 619058: what is the price unit of 12 bars of soap for the cost of 5.40 dollars each?
Click here to see answer by Alan3354(69443)

Question 619072: Judy bought a coat at a 20% discount sale for $72. What was the origional price of the coat?
Click here to see answer by user_dude2008(1862)

Question 619072: Judy bought a coat at a 20% discount sale for $72. What was the origional price of the coat?
Click here to see answer by mathgranny(13)

Question 619168: Find the final amount of money in an account if $6,800 is deposited at 4.5% interest compounded weekly and the money is left for six years. The final amount is? (round answer two decimal places.)
Click here to see answer by lwsshak3(11628)

Question 619171: a person has deposited rs 25,000 in an inverstment which yields 14% simple interest annually. do these amounts (principal+interest) form an arithmatic progression? if so, determine the amount of inverstment after 20 years.
Click here to see answer by ewatrrr(24785)

Question 619038: if 6000 dollars is placed into an account with an annual interest rate of 3%,how long will it take the amount to triple if the interest is compounded annually?
Click here to see answer by ewatrrr(24785)

Question 619234: to make 30% gross margin on a $2000.00 job, how much should you charge?
Click here to see answer by Theo(13342)

Question 619321: Besty a recent retiree,requires $5,000 per year in extra income. She has $70,000 to invest and can invest in B-rated bonds paying 15% per year or in a certificate of deposit (CD) paying 7% a year. How much should be invested in each to realize exactly $5,000 in interest per year?
Click here to see answer by stanbon(75887)

Question 619391: shes gets paid �0.40 for every mile she drives, she drives 2000 miles per month how much does she earn in one month
Click here to see answer by ewatrrr(24785)

Question 619521: I sold my house I loaned the buyer 18000. They were supposed top pay me off in 5 years. They did not my question is how much do they owe me now it has been 10 years at 6% interest.
Click here to see answer by jim_thompson5910(35256)

Question 619558: at what rate to the nearest hundreth of a percent, would you need to invest 13,000 compounded continuously to reach 21,000 in 7 years?
Click here to see answer by stanbon(75887)

Question 619669: There are 10 more sophmores than juniors in an algebra class. If there are 80 students in this class, find the number of sophmores and the numbers of juniors in the class.
Click here to see answer by ewatrrr(24785)

Question 619668: Sales at a local ice cream shop went up 60% in 5 years. If 37,000 ice cream cones were sold in the current year, find the number of ice cream cones sold 5 years ago.
Click here to see answer by ewatrrr(24785)

Question 619655: Write this statement out as an equation and solve.
If you multiply a number by 5 and then add 8, the result is 68.

Click here to see answer by ewatrrr(24785)

Question 619653: Solve the following problem. Round answer to two decimal places when necessary.
I=240
w=I/3
A=I*W
A=
Click here to see answer by ewatrrr(24785)

Question 619798: If you own 500 shares (2% of a corporation's stock) and the corporation issues 15,000 new shares, how many of the new shares can you purchase under preemptive right?
A. 500
B. 800
C. 0
D. 300

Click here to see answer by vleith(2983)

Question 619853: in the morning you traveled at an average speed of 25 miles per hour (mph) to get to work. on the way home, you were able to travel at an average rate of 50 mph . you live 25 miles away from work. how much time did you spend driving to work and back?
Click here to see answer by ankor@dixie-net.com(22740)

Question 620116: Use the compound interest formula to compute the balance in the following account after the stated period of time, assuming interest is compounded annually. $5000 invested at an APR of 4.5% for 11 years. What is the balance in account after 11 years?
Click here to see answer by ewatrrr(24785)

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