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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 675060: Last year your town invested a total of $25,000 into two separate funds. The return on one fund was 4% and the return on the other was 6%. If the town earned a total of $1,300 interest, how much money was invested in each fund?
Click here to see answer by sachi(548)

Question 675122: what is the person's annual salary if they received a 3.5% raise that was $2000?
Click here to see answer by rfer(16322)

Question 675287: This is the word problem I am having problems with.
You would like to have $4000 in four years for a special vacation following graduation by making deposits at the end of every 6 months in an annuity that pays 7% compounded semiannually.
A. How much should you deposit at the end of every six months?
B. How much of the $4000 comes from deposits and how much comes from interest?
I have tried the formula P=A(r/n)/(1+r/n)^nt -1 but it is not coming out to the correct answers.

Click here to see answer by stanbon(75887)

Question 675378: The inventor of a new product believes that the cost of producing the product is given by the function: C(x) = 2.75x + 2,000.
How much does it cost to produce 6,000 units of his invention?

Click here to see answer by josmiceli(19441)

Question 675640: I need help with this question "Juan has a cellular phone that costs $12.95 per month plus 25 cents per minute for each call. Tiffany has a cellular phone that costs 14.95 per month plus 15 cents per minute for each call. For what number of minutes do both plans cost the same?" Thank you for your help.
Click here to see answer by ReadingBoosters(3246)

Question 675682: Steve and Elizabeth decide to become partners in a children's cooking school. they need $80,00 for the franchise. they invest in a 3:4 ration, respectively. about what percent of the business is owned by Elizabeth?
Click here to see answer by josmiceli(19441)

Question 675964: jenny had a job that pay 20000 a year. she accepted a new job that paid her 5% less. After one year on the new job she got a 5% raise. What was her salary after the raise. Show your calculations.
Click here to see answer by josmiceli(19441)

Question 676116: how much % a person shall lend his money to gain a compound of 3 times of its principal amount if interest is calculated halfyearly componded in 1 and half year?
Click here to see answer by Sarpi(32)

Question 676179: Hi, this is my first time submitting a question.
I get really REALLY confused when it comes to percentages. I'm not boasting or anything, but I'm not bad at maths. But I just really can't understand percentages,interest, annum etc.
Example:
You borrow 400pounds to buy a computer and was charged compound interest at 5% per annum. You decide to pay the loan back after 3years. How much interest do you have to pay.
I have a test coming up soon, and I really want to get a good grade. Usually I ask my dad for help and i eventually get it in the end, but I just keep forgetting how to solve it, how it works, and then I have to ask him again and its just an endless loop. But i can't ask him this time, because he's on a business trip.
I'm really fed up and stressed right now. Please help me!
(By the way I'm 13 years old, and english isn't my first language, although I can speak/ write fluently)
Click here to see answer by solver91311(24713)

Question 676204: I am so confused on this question.
Samuel deposited money in an account that pays an annual simple interest rate of 3.5%. At the end of 5 years, Samuel earns $2625.00 in interest. How much money had he deposited in the account?
Click here to see answer by jim_thompson5910(35256)

Question 676298: Henry opened a savings account. Four years later, he had earned a total of $600 in simple interest.
If he made no additional deposits, and the annual interest rate was 5%, what was the initial principal?
Click here to see answer by stanbon(75887)

Question 676278: what is the future value of $4,000 in a bank account for 9 years at 6 percent compounded semiannually?
Click here to see answer by rfer(16322)

Question 676225: A homeowner wants to enclose a 5,300 square foot rectangular garden by a fence in his backyard. If 3 sides of the fence cost $8.25 per foot and the 4th side costs $11.25 per foot, find the dimensions that will minimize the cost of building the fence and the minimum cost of its construction.
Please help, I am very confused!
Click here to see answer by ankor@dixie-net.com(22740)

Question 676443: tickets to a concert cost either 12 or 15 dollars a total 300 tickets are sold and the total receipts were 4140 dollars how many of each kind of tickets were sold
Click here to see answer by sachi(548)

Question 676530:
Click here to see answer by geniusnasco(2)

Question 676721: Find the accumulated amount A if the principal P = $11,000 is invested at the interest rate of r = 5% per year for t = 5.5 years, compounded quarterly.
Click here to see answer by rfer(16322)

Question 676722: Carlos invested $3,000 in a money market mutual fund that pays interest on a daily basis. The balance in his account at the end of 8 mo (245 days) was $3,183. Find the effective rate at which Carlos's account earned interest over this period (assume a 365-day year).
A) 9.11%.
B) 9.21%.
C) 6.09%.
D) 6.29%.
Click here to see answer by rfer(16322)

Question 676726: Anthony invested a sum of money 6 yr ago in a savings account that has since paid interest at the rate of 7%/year compounded quarterly. His investment is now worth $19,713.77. How much did he originally invest? Please round the answer to the nearest cent.
A) $13,000.01
B) $12,500.01
C) $14,000.01
D) $11,500.01
E) $11,000.01
Click here to see answer by ewatrrr(24785)

Question 676737: Original price is $60. Percent discount is 15%.What is the sale price?
Click here to see answer by ewatrrr(24785)

Question 676696: a merchant marks up an item that he purchase at wholesale for $6.00 by 35%. what is the selling price
Click here to see answer by checkley79(3341)

Question 676947: An investment of $10000 is guaranteed to have a return of $25000 in 20 years. If the interest is compounded semi-annually, what is the annual interest rate?
Click here to see answer by jim_thompson5910(35256)

Question 676980: The amount of an ordinary $7,500.00 annuity for 3 years at 12% compounded quarterly is:
$23,182.50
$25,305.00
$180,997.50
$106,440.00
none of the above
Click here to see answer by rfer(16322)

Question 677102: A man invests his savings in 2 accounts, one paying 6% per year
and the other 7%. He has twice as much invested in the 7% account
as in the 6% account, and his annual interest income is $600. How
much is invested in each account? I=PRT
Click here to see answer by partha_ban(41)

Question 677126: to what amount will $5100 invested for 8 years at 10% compounded annually accumulate?
Click here to see answer by stanbon(75887)

Question 677109: a sales woman at a car dealership earns $1200 per month plus a %5 commision on her total sales. If she earned $5000 last month, what was the amount of her sales?
Click here to see answer by ReadingBoosters(3246)

Question 677182: Randy Invested twice as much at 10% as he did at 8%. If he earned $30.80 annually, how much did he invest at each rate?
Click here to see answer by josmiceli(19441)

Question 677344: The city of Lafayette in the state Louisiana (where I lived for close to 15 years) is planning a major infrastructure expansion. It is considering raising its sales tax whose rate is currently at 3.5%. If the city plans to collect an increase of 30% in additional revenue, what should the new sales tax rate be? What will be the percent increase in total cost of buying goods for the consumer in Lafayette? Hint: If a quantity changes from P1 to P2, the percent change is given by (P2-P1)/P1 * 100%
Click here to see answer by aaronwiz(69)

Question 677374: The total value of two bank accounts is $1100. The annual interest earned on the checking account is 5%, while the CD pays 6%. The total interest earned is $61. How much was deposited into each account?
Click here to see answer by stanbon(75887)

Question 677381: hi i went to get marreid with u
Click here to see answer by stanbon(75887)

Question 677350: If a game cost 45.00 and the controller 35.00, tax is 9.5% how much will you pay total
Click here to see answer by rfer(16322)

Question 677337: (future value) $5,100 invested for 10 years at $11 compounded annually will accumulate to ? ( round to the nearest cent)
Click here to see answer by rfer(16322)

Question 676913: Henry opened a savings account. Four years later, he had earned a total of $960 in simple interest.
If he made no additional deposits, and the annual interest rate was 6%, what was the initial principal?
Click here to see answer by partha_ban(41)

Question 677633: Next months rent will increase 8%. I am currently paying 400 dollars. How much increase will I have to pay?
Click here to see answer by lynnlo(4176)

Question 677633: Next months rent will increase 8%. I am currently paying 400 dollars. How much increase will I have to pay?
Click here to see answer by sachi(548)

Question 677729: Two investments were made totaling $10,500. Part of the $10,500 was invested at 9% and the remaining amount was invested at 12%. The annual interest from both investments was $1,140. How much was invested at each rate?
Click here to see answer by partha_ban(41)

Question 677581: you are choosing between two long distance telephone plans. Plan A has a monthly fee of $15 with a charge of $0.08 per minute for all long-distance calls. Plan B has a monthly fee of $3 with a charge of $0.12 per minute for all long-distance calls. How many minutes of long-distance calls in a month make plan A the better deal?
Click here to see answer by partha_ban(41)

Question 677793: If x represents the number, then which of the following equations could be used to solve the problem?
Click here to see answer by checkley79(3341)

Question 678245:
Click here to see answer by pmatei(79)

Question 678245:
Click here to see answer by MathTherapy(10551)

Question 678325: You earn $20 an hour mowing lawns and $10 an hour washing windows. You want to make $500 in one week. If x is the number of hours you mow lawns and y is the number of hours you wash windows, answer the following questions:
A. What is the equation that represents this situation?
B. What are the intercepts?
C. What do the intercepts mean in this situation?
D. Graph the situation. Label the axes.
E. If you work 30 hours washing windows, how many hours do you have to mow lawns
Click here to see answer by ReadingBoosters(3246)

Question 678919: If a business borrows $20,000 and repays $33,800 in 6 years, what is the simple interest rate?

Click here to see answer by rfer(16322)

Question 679210: what is 23% of29
Click here to see answer by ReadingBoosters(3246)

Question 679663: successive discount of 20% and15% are equal
to a single discount of?

Click here to see answer by RichardMathsTutor(3)

Question 679898: An investor has $7000 to invest in two accounts. The first account earns 6% annual simple interest, and the second account earns 10% annual simple interest. How much money should be invested in each account so that the annual simple interest earned is $900? (If not possible, enter IMPOSSIBLE.)

Click here to see answer by josmiceli(19441)

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