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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 620156: If a new car costs $18,000.00 and depreciates at a rate of 12% per year, what will be the value of the car in four years?
Click here to see answer by stanbon(75887)

Question 620147: Find the future value and compound interest if �13500 is invested for 7 years at a rate of 15% per annum compounded monthly.
How do you work this out? I have a maths exam tomorrow and nowhere explains how you do it :-(
Click here to see answer by lwsshak3(11628)

Question 620204: 700 dollar computer 30% markup

Click here to see answer by Alan3354(69443)

Question 620229: At a rate of 4%, you paid $144.00 in interest over a two-year period. What was the original amount of your loan?
Click here to see answer by ewatrrr(24785)

Question 620216: a guy leaves �18,000 in the bank for 6 years!, he get 5% interest every year? what is the answer to this? with one calculation.
Click here to see answer by solver91311(24713)

Question 620216: a guy leaves �18,000 in the bank for 6 years!, he get 5% interest every year? what is the answer to this? with one calculation.
Click here to see answer by Alan3354(69443)

Question 620340: Please help me solve this equation: Solve for h.
Click here to see answer by lwsshak3(11628)

Question 620410: If I make 30,000 and get a 5% raise at the end of each year how much would I make at the end of the year?
Click here to see answer by nerdybill(7384)

Question 620371: A 5-pound bag of apples cost $3.50.At the same rate, what would be the cost of 7 pounds of apples? HELP!
Click here to see answer by ewatrrr(24785)

Question 620515: My son borrowed $4500 from me at 11.24% interest. He is paying me $100 a month towards this debt. How many months will this take? ( This is through a credit card that a actively use )
Click here to see answer by Alan3354(69443)

Question 620535: Find how much interest $15,000 earns in 4 years in a certificate of deposit paying 8.5% interest compounded quarterly.
Click here to see answer by ewatrrr(24785)

Question 620535: Find how much interest $15,000 earns in 4 years in a certificate of deposit paying 8.5% interest compounded quarterly.
Click here to see answer by lynnlo(4176)

Question 620566: which of the two rates would yield a larger amount in one year: 5% compounded quarterly or 5.25 compunded annually?
Click here to see answer by solver91311(24713)

Question 620580: What is 1/3 of $1600?
Click here to see answer by lenny460(1073)

Question 620685: 1/8 of all wood stoves are sold for cash. If cash sales were at $2,200 for the week, what was the total of all sales?
Click here to see answer by math-vortex(648)

Question 620769: What is the simple interest of a deposit of 6,000 for 180 days and the interest rate is 6.75%?
Click here to see answer by nerdybill(7384)

Question 620868: A person's paycheck P varies directly as the number H of hours worked. For working 17 hours, the pay is $94.35. Find the pay for 37 hours of work.
Click here to see answer by ewatrrr(24785)

Question 620986: mr.singh used a one year installment plan touy a computer. on the installment plan the computer cost $2,400 plus 6% simple intrest. use the formula for simple intrest ( l= p*r*t).
Click here to see answer by solver91311(24713)

Question 620161: JAMES, ASHLEY, AND NICOLE, ALL SIBLINGS VISITING SCENE75, HAVE COLLECTIVELY WON A TOTAL OF 340 REDEMPTION PRIZE POINTS. THEIR MOTHER, KATHY, DECIDES HOW THE POINTS WILL BE SPLIT AMONGST THE THREE CHILDREN. SHE SAYS THAT JAMES AND ASHLEY BOTH BEHAVED VERY POORLY TODAY, THOUGH JAMES BEHAVED EVEN WORSE THAN ASHLEY. KATHY ASKS YOU TO SPLIT THE POINTS SUCH THAT JAMES RECEIVES 40 POINTS FEWER THAN ASHLEY AND THAT ASHLEY RECEIVES 80 POUNTS FEWER THAN NICOLE. HOW MANY POINTS DOES EACH CHILD RECEIVE?
Click here to see answer by bucky(2189)

Question 621169: If $8500 is invested at a rate of 6% per year compounded daily, what is the balance after 4 years?
Click here to see answer by nerdybill(7384)

Question 621213: Marquis invested $4800 in two mutual funds. Last year one of the funds went up by 6% and other fund went down by 5%. If his portfolio increased in value by $90 last year, how much did Marquis invest in the fund that earned a 6% profit?
Click here to see answer by nerdybill(7384)

Question 621370: If a business borrows $25,000 and repays $36,500 in 4 years, what is the simple interest rate?

Click here to see answer by fcabanski(1391)

Question 621367: An investor invested a total of $2,700 in two funds. One fund earned a 9% profit while the other earned a 5% profit. If the investor's total profit was $215, how much was invested in each mutual fund?
Please help, I don't even know where to start.
Click here to see answer by dragonwalker(73)

Question 621481: I worked 800o hors . and was paid 5000 dollers how much did i make per hour
Click here to see answer by fcabanski(1391)

Question 621435: A total of $2,600 is invested at 6% and
4% annual interest. After 1 year the total interest
equals $134. How much money is invested at each
interest rate?
Click here to see answer by ankor@dixie-net.com(22740)

Question 621726: (40-a)+(80-N)=340

Click here to see answer by lynnlo(4176)

Question 621719: a piece of machinery depreciates at a fixed rate of 12% per year for 7 years. If the machinery is valued at $100,000 after 7 years, how much would the machinery have intially cost rounded to the nearest dollar?
Click here to see answer by ewatrrr(24785)

Question 621694: Six years from now, you will be inheriting $100,000. What is this inheritance worth to you today if you can earn 6 percent interest, compounded annually?
Click here to see answer by Alan3354(69443)

Question 621684: $20,000 loan at 11 percent dated March 9 is due to be paid on July 10. The amount of interest is: (Assum ordinary interest)

Click here to see answer by rfer(16322)

Question 621973: PLEASE HELP ME WITH THIS LAST SET OF PROBLEMS!!. I need to turn this in by 5 pm today. If possible can you give me the example with the steps to do it in Excel?
Mortgages (Hint: P/Y=12, House cost = Loan Value/0.9).
What is the house cost on a 10 percent down mortgage with payments of
a. $4,369.66 per month for 30 years at 10 percent interest?
b. $1,626.83 per month for 15 years at 11 percent interest?
c. $3,724.21 per month for 30 years at 8 percent interest?
d. $4,469.19 per month for 15 years at 14 percent interest?

Click here to see answer by ewatrrr(24785)

Question 622147: how much money would be in an account after 5 years if an original investment of $6500 was compounded quarterly at 4.5%?. compare this amount to the same investment that was compounded daily. round to the nearest cent.
Click here to see answer by solver91311(24713)

Question 622389: a man made two investments one at 8% and another at 10% if the total annual simple interest is $1760 and the total amount invested is $20000 how much was invested at each rate
Click here to see answer by ewatrrr(24785)

Question 622392: Paula invests for 5 years at an interest rate of per year. If the interest is simple interest, how much is her investment worth at the end of those five years?

Click here to see answer by solver91311(24713)

Question 622366: A clothing store will pay you $150 for 20 hours of work to help with inventory. How much will you be paid per hour?
Click here to see answer by Maths68(1474)

Question 622457: how much interest will Pam earn in 8 years if she invests $6,000 in an account that pays 3.5% simple interest?
Click here to see answer by rfer(16322)

Question 622585: The Nut Barn requires 15 pounds of mixed walnuts and pecans from their wholesaler. Walnuts cost $2.26 per pound and pecans cost $1.96 per pound. How many pounds of pecans are needed if they only want to pay $2.18 per pound for the mixture?
I have this part only walnuts=x
peanuts=y
W + P = 15 ,
(W 2.26 + P 1.96)/15 = 2.18 then i get stuck after this.
Click here to see answer by josmiceli(19441)

Question 620945: MR. Hill invested $10,000, part at 5.5% and part at 6%. The interest from the 5.5% investment exceeds the interest from the interest from the 6% investment by $251. How much did he invest at each rate?
Click here to see answer by MathTherapy(10549)

Question 622654: How can $60,000 be invested, part at 7% annual simple interest and the remainder at 12% annual simple interest, so that the interest earned by the two accounts will be equal?
Click here to see answer by math-vortex(648)

Question 622779: Will someone please, please help wit this question.
Ronald was given a bike which was in need of repair. He spent sixty pounds on spare parts and twelve pounds on paint. He then sold the bike for ninty-five pounds.
Calculate the profit as a percentage of his costs.
Give the percentage to the nearest whole number.

Click here to see answer by Alan3354(69443)

Question 622799: Rachel made 10% commission of $9,550 on one month`s books sales. Calculate the amount of her monthly commission.

Click here to see answer by rfer(16322)

Question 622818: what is the 5% of 110?
Click here to see answer by Alan3354(69443)

Question 623040: K-Mart purchased 3000 shirts for $19256 and sold them all at $16.99 each. How much profit did K-Mart realize?
This seems easy to me, but i am not getting the correct answer.
19256.00
- 16.99
Answer: $19239.01
19256+ 19239.01= 38495.01
Correct answer: $31,714

Click here to see answer by Alan3354(69443)

Question 623057: Bob invested some money at 6% and $300 less at 8%. His total annual interest income is $116. How much did he invest at 6%?
Click here to see answer by nerdybill(7384)

Question 622982: on some days a bakery packages 4 cupcakes to a package. on other days, cupcakes are in packages of 6 or 8. on a given day, all the cupcakes baked were packaged and there was one cupcake left over. which of the following could NOT be the number of cupcakes baked on that day? 22, 25, 49, 97
Click here to see answer by mykasha(37)

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