Tutors Answer Your Questions about Money Word Problems (FREE)
Question 687902: I need help figuring out this problem, If you invest $8,000 in an account paying 5.9% interest compound continuously, how much money will be in the account at the end of 7 years? I know you have to take $8,000 and x's it by 5.9%. Then I wasn't for sure if you X's that by how many days are in the year and then times that by 7 and then add that total to the $8000 to get your answer or what. Please help
Click here to see answer by MathTherapy(10549)  |
Question 688358: A ballpoint pen price at 50 cents was not selling. When the price was reduced to a different whole number of cents, the entire stock sold for $31.93. How many cents were charged per pen when the price was reduced?
Click here to see answer by checkley79(3341) |
Question 689733: A $15,000 investment earned $375 in interest in 3 months. Find the annual simple interest rate on the loan
If you travel 17 mi east and then 11 mi north, how far are you from your starting point? Round to the nearest tenth.
Click here to see answer by rfer(16322) |
Question 689369: I am trying to solve the problem of how much money will I need to invest in order to have $30,000 in 12 years at a rate of 5 percent.
Please help me solve The present value formula is P = A(1+r)-n where P is the present value A is the dollar amount in n years at interest rate r compounded annually using rules of exponent
Click here to see answer by ankor@dixie-net.com(22740)  |
Question 689766: "My salary next year will be 7% more than this year and I will take home $695.50 each week. How much am I taking home a week right now?"
What I tried:
7%(x) = 695.50
.07(x) = 6.9550
7x = 695.50
x = 99.36
Some extra steps, I suppose...I was writing out my thoughts as I went along. Thank you in advance!
Click here to see answer by ankor@dixie-net.com(22740)  |
Question 689766: "My salary next year will be 7% more than this year and I will take home $695.50 each week. How much am I taking home a week right now?"
What I tried:
7%(x) = 695.50
.07(x) = 6.9550
7x = 695.50
x = 99.36
Some extra steps, I suppose...I was writing out my thoughts as I went along. Thank you in advance!
Click here to see answer by MathTherapy(10549)  |
Question 689918: Two proposed tax bills. The first states a homeowner will pay 1900$ plus 4% of their assessed homes value in taxes. The second bill proposes a 500$ payment and 9% of their homes value in taxes. What price range of the home assessment would make the first deal a better deal for the homeowner?
This is what I have came up with: 1900+0.04*x>500+0.09*x Then I should subtract 0.04x from both sides. Simplify it to 1900>500+0.05x. Then subtract 500 and simplify to get 1400>0.05x... then I divide by 0.05 to get 28000... is this right? A home greater than 28000 would be the best deal?
Click here to see answer by MathTherapy(10549)  |
Question 690246: I need help with this word problem:
A pineapple and 4 oranges cost $8.40. The pineapple costs $5.90 more than an orange. Find the cost of the pineapple.
I did 8.40-5.90=2.50 \ 4= .63. 5.90 + .63 = 6.53.
Pineapple cost $6.53.
Did I do that right?
Click here to see answer by DrBeeee(684) |
Question 690428: If $33000 is invested at an interest rate of 6 percent per year, compounded semi-annually, find the value of the investment after the given number of years. Each answer should be correct to the nearest penny.
1. 5 years
2. 10 years
3. 15 years
Click here to see answer by rfer(16322) |
Question 690988: Melissa invested a sum of money at 3% annual simple interest. She invested three times that sum at 5% annual simple interest. If her total yearly interest from both investments was $3600, how much was invested at 3%?
Click here to see answer by mananth(16946)  |
Question 691115: Melinda invested three times as much money at 9% yearly interest as she did at 7%. Her total yearly interest from the two investments was $170. How much did she invest at each rate?
I only set up this
9(.09x)+ .07x= 170
Click here to see answer by stanbon(75887) |
Question 691277: A chain store manager has been told by the main office that the daily profit, P, is related to the number of clerks working that day,x, according to the function
P = -25x^2 + 300x
What number of clerks will maximize the profit, and what is the maximum possible profit?
Click here to see answer by josmiceli(19441)  |
Question 691724: An investor invested a total of $2,000 in two mutual funds.One fund earned a 7% profit while the other fund earned a 2% profit. If the investors profit was $120, how much was invested in each mutual fund?
The amount invested in the mutual fund that earned 7% is?
the amount invested in the mutual fund that earned 2% is?
Click here to see answer by sachi(548)  |
Question 692745: Help please. I can't think how to solve this problem. The sum of 12000 USD is invested, part at 12% interest and part at 8% interest. Twice as much money was invested at 8% as at 12%. How much money was invested at each rate?
Thank you.
Click here to see answer by josmiceli(19441)  |
Question 693463: The percent increase for an in-state tuition at a certain public university during the years 1991 through 1999 can be modeled by the quadratic function defended by f(x)= 0.156x2( power) -2.02x+10.2, where x=1 represents 1991, x=2 represents 1992, and so on.
* based on this model, by what percent ( to the nearest tenth) did the tuition increase in 1993?
* in what year was the minimum tuition increase? ( round to the nearest year.) to the nearest tenth, by what percent did tuition increase that year?
Click here to see answer by ankor@dixie-net.com(22740)  |
Question 693688: Please help me solve this equation:In a movie theater, there are 180 spectators. The ticket price is $8.50 per adult and $4.75 per child. Let x represent the number of adults. What simplified algebraic expression represents the total revenue for this show?
Click here to see answer by ReadingBoosters(3246) |
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