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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 671411: My question is this: How many months will is take to pay off 113,000.00 @ 5.5% with a monthly payment of 994.60?
Click here to see answer by Alan3354(69443)

Question 671561: If Joe has $700 to spend on a kitchen table and chairs. The sales tax is 6%. How much can he spend on the table and chairs?
Click here to see answer by rfer(16322)

Question 671714: Use logarithms to solve the problem.
I need to find the interest rate needed for an investment of $4200 to double in 5 years if interest is compounded continuously. (Round your answer to two decimal places.)
Thank you!
Click here to see answer by lwsshak3(11628)

Question 671779: I have invested a sum of money into an account that gives 5.5% interest. I invested $250.00 more in my account that gives 7% interest. If the total interest at the end of the year is $800.00, how much did I invest altogether?

Click here to see answer by mananth(16946)

Question 671799: 16a^3-2b^3
Click here to see answer by MathLover1(20849)

Question 671997: Can you please explain this equation to me.
The length of a rectangle is 3 times the width. The perimeter is 96 cm. Find the width and length
I want to know how to work it out properly.
Thank you
Sorry if this is the wrong category I don't know which one I should of put it on.
Click here to see answer by josmiceli(19441)

Question 672055: Tickets for the homecoming dance cost $20 for a single ticket or $35 for a couple. Ticket sales totaled $2280, and 128 people attended. How many tickets of each type were sold?
Click here to see answer by stanbon(75887)

Question 672094: An overseas call is charged at one rate(a fixed amount) for the first minute and at a different rate for each additional minute. if a 7 minute call costs $10, and a 4 minute call costs $6.40, find the rate.
Click here to see answer by stanbon(75887)

Question 672095: Can you solve the following problem: "Sponge Bob needs to make $1000 interest by investing $15,000. Some will be invested at 4% and the rest at 7%. How much should he invest at each rate?" My son was given this on an Algebra worksheet. He has other similar problems. I would like to see all the work so that we may solve the other problems. Thank you, Cyndi
Click here to see answer by josmiceli(19441)

Question 557235: Madelyn Logan is an office furniture dealer who earns an $18,000 base salary. She also earns a 4% commission on sales. how much must she sell to earn a total of $55,000?
Click here to see answer by dfounds(1)

Question 672316: Tony had $20,000 to invest. He invested some of it in an account that paid 7% simple interest per year, and he invested the rest in an account that paid 5% simple interest per year. After one year, he received a total of $1040 in interest. How much did he invest in each account?
Click here to see answer by sachi(548)

Question 672351: A bank invested $400,00 last year in mutual funds. The conservative fund earned 7% simple interest. The growth fund earned 15% simple interest. At the end of the year, the bank had earned $35,000 from these mutual funds. How much did it invest in each fund? ( How do I set this up? )
Click here to see answer by drivard101(1)

Question 672346: If $2,000 is invested at 8% interest, how much money must be invested at 11% interest so that the total return for both investments averages 10%?
Click here to see answer by lwsshak3(11628)

Question 672425: A man invests $5500 dollars in three accounts that pay 5%, 8%, and 9% in annual interest respectively. He has two times as much money invested at 9% as he does at 8%. If the total interest earned for the year is $449, how much is invested at 5%?
Click here to see answer by josmiceli(19441)

Question 672456: Ten grams of Uranium will decay in 496,000 years. What is its half-life?

Click here to see answer by Alan3354(69443)

Question 672476: An investment advisor invested $18000 in two accounts. One investment earned 11.2% annual simple interest while the other investment lost 4.7%. The total earnings from both investments were $1062. Find the amount invested at 11.2%.
Click here to see answer by mananth(16946)

Question 672474: An investment advisor invested $18000 in two accounts.One investment earned 11.2% annual simple interest while the other investment lost 4.7%. The total earnings from both investments were $1062. Find the amount invested at 11.2%.
I understand these interest problems, but I do not understand how to represent the loss of 4.7% in an equation. Your help would be greatly appreciated! Thank you.
Click here to see answer by mananth(16946)

Question 672468: An investment of 10,800 is deposited into two simple interest accounts. On one account the annual simple interest rate is 11.2%. On the other, the annual simple interest rate is 14%. How much should be invested in each account so that the interest earned is the same?
Click here to see answer by josmiceli(19441)

Question 672467: An investment of $4500 is made at an annual simple interest rate of 9.25%. How much additional money must be invested at an annual simple interest rate of 13.5% so that the total interest earned is 12% of the total investment?
Click here to see answer by mananth(16946)

Question 672524: Felipe deposited $4000 into an account with 4.1% interest, compounded semiannually. Assuming that no withdrawals are made, how much will he have in the account after 3 years?
Click here to see answer by stanbon(75887)

Question 672510: What some of money, invested at 9% per year, is needed to provide an income of $45 per year?
Click here to see answer by stanbon(75887)

Question 672603: At 28 miles to the gallon traveling 204 miles. how much would the cost be split between 4 people?

Click here to see answer by Alan3354(69443)

Question 671789: a computer company is purchased $1700. each year , its value is 75% of its value the year before. after how many years will the laptop computer be worth $100 or less?
Click here to see answer by fion23(5)

Question 672627: If Ben ivests $4000 at 4% interest per year,how much additional money must he invest at 5 1/2% annual interest to ensure that the interest he receives each year is 4 1/2% of the total amount invested?
Click here to see answer by ankor@dixie-net.com(22740)

Question 672837: I'm having trouble finding the equation for this question.... $3700 is inverted at 4.5% compounded QUARTERLY. No money is added or withdrawn. What will be the amount in the account at the end of 7 years?
I thought the equation was A=3700(1x.045)^7 but that gives me a negative number which isn't right. Thanks!
Click here to see answer by MathTherapy(10549)

Question 673087: An investor invested a total of $2,300 in two mutual funds. one fund earned a 9% profit while the other earned a 2% profit was $95. how much was invested in each mutual fund
Click here to see answer by mananth(16946)

Question 673180: An airline carries 180 passengers and 10 tonnes of freight and earns $75000 for its owners in fares and freight charges. On the return trip it carries 100 passengers and 20 tonnes of freight, earning $85000. What is the passenger fare per person and the freight charges per tonne.
Click here to see answer by nerdybill(7384)

Question 673237: the bank loaned out $17,000, part of it at the rate of 8% per year and the rest at 18% per year. If the interest received in one year totaled $2000, how much was loaned at 8%?
How much of the $17,000 did the bank loan out at 8%?
Click here to see answer by stanbon(75887)

Question 673235: the bank loaned out $17,000, part of it at the rate of 8% per year and the rest at 18% per year. If the interest received in one year totaled $2000, how much was loaned at 8%?
Click here to see answer by stanbon(75887)

Question 673564: when the cost of a car is multiplied by 0.06 the result is 1790 what is the price of the car
Click here to see answer by rfer(16322)

Question 673624: Jason invested $12,000 in two funds. One of the funds returned 6% interest, and the other returned 8% interest after one year. If the total interest for the year was $880, how much did he invest in each fund?
Click here to see answer by sachi(548)

Question 673719: f $10,000 is invested at a rate of 2 percent for 5 years, how much money is in the account at the end of the term
Click here to see answer by rfer(16322)

Question 673716: If $7800 is invested at 5.2% interest compounded monthly, how much will the investment be worth in 11 years?
Click here to see answer by rfer(16322)

Question 673691: How much is 8 million dollars at 10% compounded every 90 days after 2 years
Click here to see answer by rfer(16322)

Question 674220: you deposit $1400 into an account that pays 3% annual interest compounded continuously find the balance after 5 years
Click here to see answer by lynnlo(4176)

Question 674279: Find the rate at which 280 dollars will earn 21.00 dollars simple interest for two and a half years?

Click here to see answer by rfer(16322)

Question 674297: What is 25% of 16
Click here to see answer by jim_thompson5910(35256)

Question 674297: What is 25% of 16
Click here to see answer by lynnlo(4176)

Question 674317: At a store 5 bags of chips with 5 containers of dip cost $25 and 2 bags of the same chips with 4 containers of the same dip cost $14. Find the cost of each bag of chips and each container of dip.
Click here to see answer by rm29924(97)

Question 674495: You are offered two jobs. One initially pays $25,000 annually, and your salary
will grow annually at 10%. The other pays $22,000 annually, but your salary will
grow at 12%. After 10 years, which job pays the higher salary? (Answer in
discretely separate parts as in: a. Job 1, b. Job 2, c. Comparison)
Click here to see answer by solver91311(24713)

Question 674688: What is the accumulated value of an investment of $10,000 for 5 years at an interest rate of 7% if the money is A.compounded semiannually B. compounded quarterly C. compounded Monthly D. compounded continuously
Click here to see answer by solver91311(24713)

Question 674691: I tried working this question, but I just dont get it.
If $5000 is invested at an interest rate of 3% each year, find the amount of the investment at the end of 4 years for the following compounding methods.
a) annual
b) semiannual
c) monthly
d) daily
Click here to see answer by solver91311(24713)

Question 674692: I tried working this question, but I just dont get it.
If $5000 is invested at an interest rate of 3% each year, find the amount of the investment at the end of 4 years for the following compounding methods.
a) annual
b) semiannual
c) monthly
d) daily
Click here to see answer by solver91311(24713)

Question 674704: I cant seem to find the right answer.
If $5000 is invested at an interest rate of 3% each year, find the amount of the investment at the end of 4 years for the following compounding methods.
a) annual

Click here to see answer by solver91311(24713)

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