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

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Question 660584: need formula
Your bank account was overdrawn by $14. You then were charged a $35 overdraft fee. The bank applies a $5 fee for each day your account is over drawn. Your account is overdrawn for 3 days when you deposit a check for $256. What is your account balance after depositing the check? Will you have enough money to pay your $52 electric bill (assuming no other money is spent)?

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Question 660998: Solve the following formula for u:
9uR+7ur=E

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Question 661041: A professor wants to supplement her pension with investment interest. If she invests $34,000 at 4% interest, how much more would she have to invest at 9% to achieve a goal of $2,440 per year in supplemental income?
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Question 661215: (FLIGHT CONDITIONS) In stable air, the air temperature drops about 5 °(F) for each 1,000-foot rise in altitude.
(A) If the temperature at sea level is 100 °F and a commercial pilot reports a temperature of -30 °F at 26000 feet, write a linear equation that expresses temperature T in terms of altitude A.

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Question 661215: (FLIGHT CONDITIONS) In stable air, the air temperature drops about 5 °(F) for each 1,000-foot rise in altitude.
(A) If the temperature at sea level is 100 °F and a commercial pilot reports a temperature of -30 °F at 26000 feet, write a linear equation that expresses temperature T in terms of altitude A.

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Question 661276: Jim paid 135.00 for rent or 5/8ths of his total pay check. how much was his paycheck?
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Question 661276: Jim paid 135.00 for rent or 5/8ths of his total pay check. how much was his paycheck?
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Question 661348: Hello. I'm having a very hard time with problems like: "A total of $15,000 is invested in two corporate bonds that pay 5% and 7% simple annual interest. The investor wants to earn $880 in interest per year from the bonds. How much should be invested in each bond?" my mom got the answer, but she didn't do it algebraically.
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Question 661524: Compute the monthly payments for an add-on interest loan of $1,200, with an annual interest rate of 9 percent and a term of 2 years. Round to the nearest cent as needed.

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Question 661593: if 5 pencil can by 2.50 rupees means how many pencil can able to by for 4.50 reupees
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Question 661879: 1. Calculate the balance after two years for the following account.
Account Balance: $1,500
Interest: 3.5%
Type if account: Annual Compount Interest.
A. $1,552.50
B. $1,606.84
C. $2,077.50
D. $4,500.00
I got B, but I don't think it's right. I just want someone to help me double check.

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Question 661942: Cookies inc. sells peanut butter cookies for $6.50 per dozen and chocolate chip cookies for $9.00 per dozen. Yesterday, they sold 85 dozen more peanut butter cookies than chocolate chip cookies. The total sales for both types of cookies were $4055.50. Let 'p' represent the number of dozens of peanut butter cookies sold. I'm confused about how to set up the equation.
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Question 662023: You have already invested $550 in a stock with an annual return of 11%. How much of an additional $900 should be invested at 12% and how much at 6% so that the total return on the entire $1,450 is 9%? (Round each answer to the nearest cent.)
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Question 662031: You have already invested $550 in a stock with an annual return of 11%. How much of an additional $900 should be invested at 12% and how much at 6% so that the total return on the entire $1,450 is 9%?
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Question 662055: Jane wants to publish and sell and 80-page book she wrote. She uses a self-publishing service. The price for her book is set up this way:
The binding fee is $4.53 per book.
The printing cost is $0.02 per page.
Jane can set her commission to be any amount she wants.
The bookstore's commission is 1/5 of Jane's commission.
All four items above are added to come up with the final price.
a. Write an equation for the final price (p) of the book in terms of the commission (c).

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Question 662100: A college student earned $7200 during summer vacation working as a waiter at a popular restaurant. the student invested part of the money at 9% and the rest at 6%. if the student received a total of $492 in interest at the end of the year, how much was invested at 9%?
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Question 662053: FOR A SUM OF 8000 TO DOUBLE ITSELF IN 12 YRS. AND 9 MOS., WHAT MUST BE THE RATE OF INTEREST COMPOUNDED QUARTERLY

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Question 662186: Jane is having difficulty deciding whether to put her savings in the Mystic Bank or in the Four Rivers Bank. Mystic offers a 12 percent rate compounded quarterly while Four Rivers offers 14 percent compounded semiannually. Jane has $40,000 to invest and expects to withdraw the money at the end of five years. (Use the tables in the handbook) The best deal is: (Points : 2)
Four Rivers
Four Rivers for 1st two years
Mystic
Mystic for last two years
None of these


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Question 662221: Find the balance in the account. $2,500 principal earning 4%, compounded quarterly, after 4 years.
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Question 662242: Lee pays his employees on a graduated scale.
6% on first $40,000
7% on sales above $40,000-80,000
9% on sale greater than $80,000
Bernie has sales of 105,000. What is his commission?

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Question 662254: Mr.Cohen's monthly salary was $2,300 in December. His monthly salary increased by 15% in January. What was his salary in January?
I got
2300%28.15%29%2B2300=x
345%2B2300=x
Mr. Cohen's monthly salary in January was $2,645.
Is this right?

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Question 662314: Sam purchased a new winter coat while he was at the LL Bean outlet store. The total cost of the coat including an 6.5% sales tax was $189.57. Find the price of the jacket before tax.
Let x=

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Question 662335: Find the time required for an investment of 5000 dollars to grow to 6200 dollars at an interest rate of 7.5 percent per year, compounded quarterly, in years.
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Question 662333: An investor invested a total of $3600 in two mutual funds. One fund earned a 7% profit while the other earned a 3% profit. If the investor's total profit was $172, how much was invested in each mutual fund?
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Question 662277: The balance on joe's credit card is 8000. payments are made monthly but interest is compounded daily. The stated APR is 18. Joe has since cut up the credit card and wishes to pay off the balance in 5 years. What should his monthly payment be to reach his goal?
(1+.18/365)^(365/12)-1 =1.015% this is the correct rate but I am not sure how to find the actual amount joe will need to pay monthly to answer this question.

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Question 662498: Two types of tickets are sold for a concert. Adult tickets each cost $13, while child tickets each cost $7. A total of 155 tickets are sold, bringing in a total of $1,727. How many adult tickets were sold?
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Question 662502: You find 8 coins in an old desk drawer, consisting entirely of nickels, dimes, and quarters, with a face value of 80 cents. However, the coins all date from 1889 and are worth much more than their face value. You were able to sell all the coins to a coin shop for a total of $22. Suppose you received $3 for each nickel, $2 for each dime, and $5 for each quarter. How many of the coins were quarters?
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Question 662541: Could you please help me find the correct set up for this word problem involving systems of linear equations and inequalities in this word problem.
An apartment building has studio, one-bedroom, and two bedroom apartments. The building has a total of 60 apartments. There are half as many studio apartments as one- bedroom apartments in the building. The rent for a studio is $650, for a one bedroom is $875, and for a two bedroom is $1250. If all the apartments are occupied, the owner of the building collects $53,400 in rent per month. How many of each type of apartment are in the building?

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Question 662548: a total of 15600 was invested between two accounts: one paying 4% simple interest and the other paying 3% simple interest. after 1 year the total interest was $490. how much was invested?
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Question 662680: If you invest $25,000 in an account that gets 12% annual interest compounded quarterly, how much would you have in 10 years.

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Question 662755: If your toral is 4.65 and you have to add 5%of tax .what is the toral including the tax?
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Question 662965: Joe turned 5 years old today. In honor of his birthday, his mother put $0.05 in his piggy bank. Each month she plans to double the amount of money in his piggy bank. Write an equation for the amount of money in Joe's piggy bank in terms of the number of months after his 5th birthday.
What would be the equation for this problem? I cant seem to figure it out.

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Question 662993: you invest $7000 in an account that pays simple interest of 7% for 4 years
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Question 662945: One year a couple invested a total of $10,000 in two projects. The first investment , a mini mall , made a 6% profit. The other profit investment, a skateboard park, made 12% profit. If their investments made $960 , how much invested at each rate?
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Question 663208: This is the problem I am having some issues solving,
In the following situation, identify the variables, set up the system of equations, and then solve the system. A cash register contains $6.10 in just nickels and dimes. If there is a total of 85 coins, then how many nickels are in the drawer?

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Question 663395: A union worker made $500 per week. His union sought a one-year contract and went on strike. Once the new contact was approved, it provided for a 4% raise. Assume that the worker was not paid during the strike. Given his raise in salary, how many weeks could he strike and still make at least as much for the next 52 weeks as he would have made without a strike?

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Question 663509: A local fire hall holds a chicken dinner and charges $8.50 for an adults dinner and $4.00 for a child's dinner. A total of 230 dinners were sold which brought in a total of $1698.50. how many adult and how many children's dinner were sold?
Let x=

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Question 663511: Fred invested $45,000 for one year, part 5% and part at 3%. if he earned a total of $1910 for the year, how much was invested at each rate?
Let x=

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Question 663587: Bob earned 420 on his investment in bonds and stocks. If his bonds return 2% and his stocks returned 6% and his total investment was 10,000 how much did he invest in
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Question 663800: Sydney earns $2300 a month. To qualify for a mortgage, her monthly payments must be 35% of he monthly income. Her monthly mortgage payments must be less than what amount in order to qualify for te mortgage?
Please show me how to organize and solve the problem.

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Question 663898: If it takes a machine 1 minute to put caps on 60 bottles, how long will it take the machine to cap 300 bottles?
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Question 663926: Expenses: $275 Y Income:$ 495 Y Find the profit
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Question 663926: Expenses: $275 Y Income:$ 495 Y Find the profit
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Question 663933: Expenses: $275 Y Income:$ 495 Y Find the profit
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Question 663987: one number is eight less than another number.The sum of the two number is 50.Find the smaller
all i need is setting up the equation

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Older solutions: 1..45, 46..90, 91..135, 136..180, 181..225, 226..270, 271..315, 316..360, 361..405, 406..450, 451..495, 496..540, 541..585, 586..630, 631..675, 676..720, 721..765, 766..810, 811..855, 856..900, 901..945, 946..990, 991..1035, 1036..1080, 1081..1125, 1126..1170, 1171..1215, 1216..1260, 1261..1305, 1306..1350, 1351..1395, 1396..1440, 1441..1485, 1486..1530, 1531..1575, 1576..1620, 1621..1665, 1666..1710, 1711..1755, 1756..1800, 1801..1845, 1846..1890, 1891..1935, 1936..1980, 1981..2025, 2026..2070, 2071..2115, 2116..2160, 2161..2205, 2206..2250, 2251..2295, 2296..2340, 2341..2385, 2386..2430, 2431..2475, 2476..2520, 2521..2565, 2566..2610, 2611..2655, 2656..2700, 2701..2745, 2746..2790, 2791..2835, 2836..2880, 2881..2925, 2926..2970, 2971..3015, 3016..3060, 3061..3105, 3106..3150, 3151..3195, 3196..3240, 3241..3285, 3286..3330, 3331..3375, 3376..3420, 3421..3465, 3466..3510, 3511..3555, 3556..3600, 3601..3645, 3646..3690, 3691..3735, 3736..3780, 3781..3825, 3826..3870, 3871..3915, 3916..3960, 3961..4005, 4006..4050, 4051..4095, 4096..4140, 4141..4185, 4186..4230, 4231..4275, 4276..4320, 4321..4365, 4366..4410, 4411..4455, 4456..4500, 4501..4545, 4546..4590, 4591..4635, 4636..4680, 4681..4725, 4726..4770, 4771..4815, 4816..4860, 4861..4905, 4906..4950, 4951..4995, 4996..5040, 5041..5085, 5086..5130, 5131..5175, 5176..5220, 5221..5265, 5266..5310, 5311..5355, 5356..5400, 5401..5445, 5446..5490, 5491..5535, 5536..5580, 5581..5625, 5626..5670, 5671..5715, 5716..5760, 5761..5805, 5806..5850, 5851..5895, 5896..5940, 5941..5985, 5986..6030, 6031..6075, 6076..6120, 6121..6165, 6166..6210, 6211..6255, 6256..6300, 6301..6345, 6346..6390, 6391..6435, 6436..6480, 6481..6525, 6526..6570, 6571..6615, 6616..6660, 6661..6705, 6706..6750, 6751..6795, 6796..6840, 6841..6885, 6886..6930, 6931..6975, 6976..7020, 7021..7065, 7066..7110, 7111..7155, 7156..7200, 7201..7245, 7246..7290, 7291..7335, 7336..7380, 7381..7425, 7426..7470, 7471..7515, 7516..7560, 7561..7605, 7606..7650, 7651..7695, 7696..7740, 7741..7785, 7786..7830, 7831..7875, 7876..7920, 7921..7965, 7966..8010, 8011..8055, 8056..8100, 8101..8145, 8146..8190, 8191..8235, 8236..8280, 8281..8325, 8326..8370, 8371..8415, 8416..8460, 8461..8505, 8506..8550, 8551..8595, 8596..8640, 8641..8685, 8686..8730, 8731..8775, 8776..8820, 8821..8865, 8866..8910, 8911..8955, 8956..9000, 9001..9045, 9046..9090, 9091..9135, 9136..9180, 9181..9225, 9226..9270, 9271..9315, 9316..9360, 9361..9405, 9406..9450, 9451..9495, 9496..9540, 9541..9585, 9586..9630, 9631..9675, 9676..9720, 9721..9765, 9766..9810, 9811..9855, 9856..9900, 9901..9945, 9946..9990, 9991..10035, 10036..10080, 10081..10125, 10126..10170, 10171..10215, 10216..10260, 10261..10305, 10306..10350, 10351..10395, 10396..10440, 10441..10485, 10486..10530, 10531..10575, 10576..10620, 10621..10665, 10666..10710, 10711..10755, 10756..10800, 10801..10845, 10846..10890, 10891..10935, 10936..10980, 10981..11025, 11026..11070, 11071..11115, 11116..11160, 11161..11205, 11206..11250, 11251..11295, 11296..11340, 11341..11385, 11386..11430, 11431..11475, 11476..11520, 11521..11565, 11566..11610, 11611..11655, 11656..11700, 11701..11745, 11746..11790, 11791..11835, 11836..11880, 11881..11925, 11926..11970, 11971..12015, 12016..12060, 12061..12105, 12106..12150, 12151..12195, 12196..12240, 12241..12285, 12286..12330, 12331..12375, 12376..12420, 12421..12465, 12466..12510, 12511..12555, 12556..12600, 12601..12645, 12646..12690, 12691..12735, 12736..12780, 12781..12825, 12826..12870, 12871..12915, 12916..12960, 12961..13005, 13006..13050, 13051..13095, 13096..13140, 13141..13185, 13186..13230, 13231..13275, 13276..13320, 13321..13365, 13366..13410, 13411..13455, 13456..13500, 13501..13545, 13546..13590, 13591..13635, 13636..13680, 13681..13725, 13726..13770, 13771..13815, 13816..13860, 13861..13905, 13906..13950, 13951..13995, 13996..14040, 14041..14085, 14086..14130, 14131..14175, 14176..14220, 14221..14265, 14266..14310, 14311..14355, 14356..14400, 14401..14445, 14446..14490, 14491..14535, 14536..14580, 14581..14625, 14626..14670, 14671..14715, 14716..14760, 14761..14805, 14806..14850, 14851..14895, 14896..14940, 14941..14985, 14986..15030, 15031..15075, 15076..15120, 15121..15165, 15166..15210, 15211..15255, 15256..15300, 15301..15345, 15346..15390, 15391..15435, 15436..15480, 15481..15525, 15526..15570, 15571..15615, 15616..15660, 15661..15705, 15706..15750, 15751..15795, 15796..15840, 15841..15885, 15886..15930, 15931..15975, 15976..16020, 16021..16065, 16066..16110, 16111..16155, 16156..16200, 16201..16245, 16246..16290, 16291..16335, 16336..16380, 16381..16425, 16426..16470, 16471..16515, 16516..16560, 16561..16605, 16606..16650, 16651..16695, 16696..16740, 16741..16785, 16786..16830, 16831..16875, 16876..16920, 16921..16965, 16966..17010, 17011..17055, 17056..17100, 17101..17145, 17146..17190, 17191..17235, 17236..17280, 17281..17325, 17326..17370, 17371..17415, 17416..17460, 17461..17505, 17506..17550, 17551..17595, 17596..17640, 17641..17685, 17686..17730, 17731..17775, 17776..17820, 17821..17865, 17866..17910, 17911..17955, 17956..18000, 18001..18045, 18046..18090, 18091..18135, 18136..18180, 18181..18225, 18226..18270, 18271..18315, 18316..18360, 18361..18405, 18406..18450, 18451..18495, 18496..18540, 18541..18585, 18586..18630