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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 639229: I am having trouble solving this word problem:
An amount of money is invested at 4% annual simple interest, and twice that amount is is invested at 5%. The total annual interested is $112. How much is invested at each rate?
I would like to see what the equation would be to help solve a problem like this. Thanks!
Click here to see answer by solver91311(24713)

Question 639374: Leah has 16 dimes and nickels, of which n are nickels. Find the total value of coins in dollars.
Click here to see answer by mananth(16946)

Question 639427: at a department store a women spent 284 dollars for 7 items estimate about how much she spent on each item

Click here to see answer by checkley79(3341)

Question 639474: Two investments totaling $16,000 produce an annual income of $1140. One investment yields at 6% a year, while the other yields at 8% per year. How much is invested at each rate?
I have read this word problem over 20 times. Please help solve this word problem.
principal=16,000
interest=1140
rate
Click here to see answer by MathTherapy(10552)

Question 639545: Please help,I hae no clue at all!
An investor invested a total of $2,100 in two mutual funds.One fund earned 9% profit while the other earned a 2% profit.If the investor's total profit was $147, how much was invested in each mutual fund?
Click here to see answer by htmentor(1343)

Question 639824: Jo invested part of her $8000 at 12% and part at 8%. If the annual investment income is $825, how much was invested at each rate?
Click here to see answer by mananth(16946)

Question 640243: Suppose you have a $1,000 charge on a credit card charging 1.5% monthly interest using the adjusted balance method. The minimum payment due is $60. How much will you save in interest charges in June by paying $120 instead?
Click here to see answer by solver91311(24713)

Question 640123: if i had one dollar and i brought 100 pieces of candy, some at 5 cent each and some at 2 cent each and some at 10 for 1 cents , so how many pieces of candy did i purchase at each cent.

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

Question 640283: After inheriting some money, a man wants to invest enough to have annual income of $5,000. If he can invest $20,000 at 9% interest, how much more will have to be invested at 7% in order to reach the goal?
Click here to see answer by sachi(548)

Question 640210: I am in college algebra. My problem is:
Uncle Albert's estate is to be divided among his three nephews. The will specifies that Daniel receive 1/2 of the amount that Brian receives and that Raymond receive $1000.00 less than 1/3 of the amount that Brian receives. If the estate amounts to $25,400, then how much does each inherit?
Click here to see answer by MathTherapy(10552)

Question 640514: A grocery store bought ice cream for $2.60 a half gallon and stored it in two freezers. During the night, one freezer malfunctioned and ruined 15 half gallons. If the remaining ice cream is sold for $3.98 per half gallon, how many half gallons did the store buy if it made a profit of $64.20?
Click here to see answer by benni1013(206)

Question 640555: If you have a balance scale and only the four weights 1 gram (g), 3 g, 9 g, and 27 g, explain how you could show that an object had the following weights: A) 5 g B) 16 g
Hint: Weights must be added to both sides of the balance scale
Click here to see answer by Alan3354(69443)

Question 640593: Samantha smith went into a store and spent half her money and then spent $20 more. Samantha then went into a second store and spent half her remaining money and then spent $20 more. After spending money in the second store, Samantha had no money left. How much money did she have when she went into the first store?
Click here to see answer by solver91311(24713)

Question 640701: Mary Julie and Peter went to restaurant for dinner. Mary paid 1/3 of the total cost. Julie paid Half as much as Mary did and Peter paid the remaining $75. What was the total cost of dinner?
Click here to see answer by mananth(16946)

Question 640714: How do i find the purchase price of a product if the sales tax is $76 and the rate is 9.5%?
Click here to see answer by jim_thompson5910(35256)

Question 640714: How do i find the purchase price of a product if the sales tax is $76 and the rate is 9.5%?
Click here to see answer by MathTherapy(10552)

Question 640882: Angelo is paid double time for each hour he works over 40 hours in a week. Last week he worked 43 hours and earned $368. What is his normal hourly rate?
Click here to see answer by solver91311(24713)

Question 641032: Calculate the amount of money you will have in an account at the end of the five years with an initial deposit of $5,000 and a 10% interest rate if interest is compounded

a. Annually
b. Semi-Annually
c. Quarterly

Click here to see answer by cta1987(8)

Question 641031: You need to have $10,000 available in 25 years.If you are earning an interest rate of 5%,how much would you need to invest today to have $10,000 in 25 years, compounded annually?
Click here to see answer by cta1987(8)

Question 640248: Find the ending balance in an account that opens with $3,590, earns 5.5% interest compounded monthly, and is held for 15 years. (round answer to nearestcent)
Click here to see answer by cta1987(8)

Question 641546: If a company gave a training seminar to 35 people,and paid for their lunch @ $12 per person,"how much did the company pay for people lunch?"
Click here to see answer by josh_jordan(263)

Question 641753: A math teacher orders $224 dollars worth of books from a publisher. When the price per book decreased by $4, she was able to buy one more book for the same price. How many books did she buy originally?
any help will be wonderful :)
Click here to see answer by lynnlo(4176)

Question 642054: determine now much time is required for an investment to double in value if interest is earned at the rate 6.25% compounded monthly

Click here to see answer by DrBeeee(684)

Question 642278: account that pays an annual interest rate of 2%, compounded twice a year. How much money will Jessica have in her account at the end of one year so she can buy a telescope?

A $304.00
B $306.00
C $306.03
D $312.12
Click here to see answer by lynnlo(4176)

Question 642351: How much will 60,000 build off intrest over a year, if its in the bank?
Click here to see answer by solver91311(24713)

Question 642493: a total of $20,000 is to be invested, some in bonds and some in certficates of deposit (CDs). If the amount invested in bonds is to exceed that in CDs by $2000, how much will be invested in each type of instrument?

Click here to see answer by Century(7)

Question 642603: if you have $30.00 for one year at 1.5 intrest rate how much will you have...
Click here to see answer by stanbon(75887)

Question 642614: A manufacturer produces two new action figures, FerociousFrank and Mighty Marcel. FF takes 4 hrs to produce@ $8 each. MM takes 3 hrs to produce @ $7 each. If the manufacturer allots atonal of 5800 hrsand$12,600for production each week, how many of each model will be produced?
Click here to see answer by stanbon(75887)

Question 642183: How much is a 15% tip on a restaurant bill of x dollars? Write an expression to answer the question.
Click here to see answer by T-Maree(17)

Question 642961: You get a weekly rate of $485 for a car with no mileage charge. You spend $102.65 on gasoline costs and drive 483 miles. True or False: The total cost per mile is $0.99.
true or false?
any help be great :) thanks!
Click here to see answer by josmiceli(19441)

Question 643125: the money that tia borrowed at 1% interest was $500 less than three times the amount she borrowed at 12%. how much did she borrow at each rate if she had to pay a total of $418.16 annual interest?
Click here to see answer by Theo(13342)

Question 643165: I need to figure out how much to invest at 12% compounded semi-annually over 4 years to end up with $28,000. Is there a formula for this? I have tables for annual interest compounding but nothing to help with semi-annual compounding.
Click here to see answer by Theo(13342)

Question 643216: A simple-interest account contained $780 eight months after it was opened, and it contained $855 ten months after that. Find the original amount in the account.

Click here to see answer by Theo(13342)

Question 643661: how much money will you have if you earned $1250.00 and you were offered 8.5% in a certificate of deposit
Click here to see answer by solver91311(24713)

Question 643824: Faye has a home equity loan of $70,000. The bank charges Faye 6 % per annum simple interest. What is the interest charge on Faye's loan after one month?
Click here to see answer by showe9(33)

Question 644020: After a student wrote a $1,400 check to pay for a car, he had a new balance of $700 in his account. What was the account balance before he wrote the check?
$2,100 is the amount but on my online home work it has this:
x − 1,400 + what = 700 + 1,400
I put 700 but they said I was wrong
Click here to see answer by KMST(5328)

Question 644013: suppose that 1200 is invested at an interest of 3.5%. how much is the investment worth after 18 months if interest is compounded quarterly
Click here to see answer by stanbon(75887)

Question 644047: Stephanie receives a salary of $650 per month plus a commission of 5.5% on the first $3,000 of sales, and 7% of all sales over $3,000. Find Stephanies gross pay for the monthif her sales were $9190.
Click here to see answer by lynnlo(4176)

Question 644170: Eva invested a certain amount of money at 7% interest and $1700 more than that amount at 11%. Her total yearly interest was $835. How much did she invest at each rate?
Click here to see answer by josmiceli(19441)

Question 644185: If John earns 20% more than Mary does, then Mary must earn 20% less than John does. Decide rather the following statement makes sense or doesn't make sense. Explain your reasoning.
Click here to see answer by lynnlo(4176)

Question 644223: at music warehouse, the regular price for a CD is d dollars. How many CDs can be purchased there for m dollars when the CDs are on sale at 20% off the regular price?
a) 4d/5m b) 4m/5d c) 5d/4m d) 5m/4d e) md/20
and can you please show all work...i am very confused! thank you
Click here to see answer by ankor@dixie-net.com(22740)

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