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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 709804: The average 5oz cup costs $5.79 in 2012. Inflation since 2005 has been 5%, what was the averae cost a 5oz cup in 2001?
Click here to see answer by stanbon(75887)

Question 709996: $2000 is deposited in an account that pays 8% annual interest compounded monthly. What is the balance in five years?

Click here to see answer by jim_thompson5910(35256)

Question 710001:
A total of $3000 was invested, part of it at 5% interest and the remainder at 7%. If the total yearly interest amount is $195, how much was invested at 5%?
Click here to see answer by checkley79(3341)

Question 710201: if you invested $250 at 16% interest how much will you have after 18 years?
Click here to see answer by Alan3354(69443)

Question 710509: I would appreciate help with the following question:
A car rental company offers two plans for renting a car.
Plan A: $35 per day and 10� per mile
Plan B: $45 per day with free unlimited mileage
For what range of miles will plan B save you money?

uhm my guess would be 35+.10X > 45+X
but that gives me a negative number.

Click here to see answer by DrBeeee(684)

Question 710526: A community of 7 people decided to all chip in equally for an expensive juicer. 2 members got into a fight over which juicer to order and killed eachother. The remaining members now had to each pay $12 more. How much is the juicer?
I tried doing 5(x+12) = J
5x+60 = J. Then I tried dividing both sides by 60... But I dont know how to solve with two variables.
Click here to see answer by DrBeeee(684)

Question 710524: Here is the problem:
Candy corn is $5 a pound and Good-N-Plenty is $7 a pound. Cindy wants 100 pounds of a mixture worth $5.44 a pound. How many pounds of each does she need?

Click here to see answer by josgarithmetic(39617)

Question 710551: To what amount will $5,200 invested for 9 years at 9% compounded annually accumulate?
Click here to see answer by lwsshak3(11628)

Question 710589: scenario for a situation wherein an employee working in a company with a good payment of around 20000 rupees and that person gets a cal from a HR asking him to join his company where the salary is less than what he is earning in the current job? what should the man say to the HR at that point of time?

Click here to see answer by srinivas.g(540)

Question 710626: Megan wants to buy a designer handbag and plans and plans to earn the money babysitting. Suppose the interest rate is 6% and she is willing to wait one year to purchase the bag. How much babysitting money will she need to earn today to buy the bag for $400 one year from now?
Click here to see answer by stanbon(75887)

Question 710689: You bought 2 books for $12 each and 3 pens for 1.50 each and paid 1.40 as a sales tax. In total how much did you spend?
Click here to see answer by lynnlo(4176)

Question 710724: The sales tax in a certain area is 4.65% If an item costs x dollars without the sales tax, then the total amount you have to pay for the item with the tax can be figured by multiplying x by what number?

Click here to see answer by stanbon(75887)

Question 710722: If I put $250 in an account that earns 7.5%, how much will there be in the account at the end of 15 years?
Could you help me with this problem please?
Click here to see answer by tutor_paul(519)

Question 710864: You deposit $1400 in an account that pays 6% interest compounded yearly how do you set up an equation for it
Click here to see answer by tutor_paul(519)

Question 711059: A total of $6600 is deposited into two simple interest accounts. On one account the annual simple interest rate is 5%, and on the second account the annual simple interest rate is 7%. The amount of interest earned for 1 year was $382. How much was invested in each account?
Click here to see answer by lwsshak3(11628)

Question 711074: In how many years will it take for money at least quadruple at 12% compounded semi-annually?
Round UP your answer for n to the next whole number then convert to years to one decimal place.
Click here to see answer by lwsshak3(11628)

Question 711034: the refrigerator was advertised for $690. If sales tax is 5%, how much was the taxch
Click here to see answer by lenny460(1073)

Question 711237: The regular price of a telephone is $40.00 if it is on sale for 15% off what is the sale price
Click here to see answer by tutor_paul(519)

Question 711307: how much does Dr. mann spend on a subway ride each year assuming the current rate of $2.00 per ride and 2 weeks of vacation each year. He makes 16 trips per week

Click here to see answer by checkley79(3341)

Question 711315:
lucy invests 1320 more at 9% than she invests at 12%. The interest from the two investments is the same. How much did she invest at each rate?
Click here to see answer by checkley79(3341)

Question 711410: If a ring costs a jeweler $240, at what price should it be sold to yield a profit of 25% on the selling price?
Click here to see answer by stanbon(75887)

Question 711623: laura borrowed $240 ,interest free, from her parents to pay for her college eduction.if she pays back 2 1/2 percent of this amount quarterly,and has already pais $42 ,for how many mounths has she been paying back her loan?
a) 6
b) 7
c) 19
d) 21
e) 24
Click here to see answer by MathLover1(20849)

Question 711626: in p=2a+2b, if p doubles, do a & b necessary both double
Click here to see answer by Alan3354(69443)

Question 711638: A group of students decided to collect as many rupees for each member of the group as is the number of members. If the total collection amounts to Rs.5929, the number of members in the group is:

Click here to see answer by god2012(113)

Question 711566:
the coffee shop sold 350 cup cups of coffee this week and collected $230 in sales. Large cups sell for $.80 and the regular size sells for $.60. Determine the number of regular size cups of coffee.
Click here to see answer by checkley79(3341)

Question 711771:

An investor spent a total of $2400 in two mutual funds. One earned a 6% profit while an other earned a 4% profit. if the investor's total profit was $116 how much was invested in each mutual fund?

Click here to see answer by checkley79(3341)

Question 711726:
John invested a total of $4800 in two business ventures. One investment returned 15% a year and the other 9%. If the dollar amount of the return was the same, how much did he invest in each?
Click here to see answer by checkley79(3341)

Question 711840: Based on your schedule, having a car will cut your transportation costs enough to squeeze in a 4 hour shift each weeknight at the fast food store paying $9 per hour. You estimate that the car will cost you $100 per week to own and operate. Your take-home pay will be 70% of your gross pay. Is it worth it to get the car?

Click here to see answer by josmiceli(19441)

Question 711843: How much money will be in a babk account after 4 years if $8 is deposited at an interest rate of 5%?
Click here to see answer by lynnlo(4176)

Question 712233: Irene McGuinness is planning a vacation in Europe in 4 years, after graduation. She
estimates that she will need $3,500 for the trip.
a. If her bank is offering 4-year certificates of deposit with 8% interest compounded
quarterly, how much must Irene invest now to have the money for the trip?
b. How much compound interest will be earned on the investment?

Click here to see answer by stanbon(75887)

Question 712387: Nadine paid $4800 to buy a certain number of t-shirts for the math club members. Eight shirts were slightly damaged, so the store owner gave her 8 extra shirts effectively decreasing the cost per item by $20. How many shirts (including the 8 extra) did she buy?
I will appreciate if the step by step solution is posted.
Thank you,
Ariel Halili
Click here to see answer by josmiceli(19441)

Question 712497: Dining room tables sell for $500 each. The manufacturer's total cost consists of an overhead of $30,000 plus $350 per table.
a) How many tables must be sold to break even?
b) How many tables must be sold to make a profit of $6000.00
c) What is the profit or loss if 150 tables are sold.
Can you please show me how to arrive at these answers?
Thank you.
My homework completion is relying on this question.
Thank you one million times!
Click here to see answer by richwmiller(17219)

Question 712526: If 7 of them cost 280,000 how many could you get for 120,000
Click here to see answer by algebrahouse.com(1659)

Question 712604: Tori invested $8000 in money market funds. Part was invested at 5% simple interest and the rest was invested at 7% simple interest. At the end of 1 year, Tori had earned $496 in interest. How much did she invest in each fund?
Click here to see answer by Menjax(62)

Question 712581: the owner of a home decorating shop wants to mix dried rose petals selling for $6.00 per pound, dried lavender selling for $5.00 per pound, and buckwheat hulls selling for $4.00 per pound to get 10 pounds of a mixture that would sell for $5.50 per pound. How many pounds of each should she use?
This is what i got so far: (Not sure if right)
R=Rose patels
L=Lavender
B=Buckwheat hulls
6R+5L+4B=10(5.50)
2R=L
Click here to see answer by josgarithmetic(39617)

Question 712715: I need to find the total cost or sale price to the nearest cent.
I have no idea how to do it.
Here is the question:
$24.50 sandals, 20% discount.
Click here to see answer by rfer(16322)

Question 712900:
An investor invested a total of 2400 in two mutual funds. One fund earned a 9% profit while the other earned 4% profit. If the investor's total was $161, how much was invested in each mutual fund?
Click here to see answer by checkley79(3341)

Question 713226: Jerry invested $1500 in an account that paid him 8.25% simple intrest what will the balance of his account be after 6 years

Click here to see answer by stanbon(75887)

Question 713267: Bernice Invested $120,000. She put some in an account that pays 4% interest per year and the remainder she invested in an account that pays 7% per year. If she earned $7,800 in one year, how much was invested at each rate? Write an equation.
Click here to see answer by stanbon(75887)

Question 713302: an electronic store sold large flat screen tvs for $1699 last month they sold 8 about how much did the store make
Click here to see answer by checkley79(3341)

Question 713396: Jenny invested $300 in an account where her money doubles every 7 years. How much money will be in her account at the end of 35 years?

Click here to see answer by rfer(16322)

Question 713444: Kate Eden received a graduation present of $5,000 that she is planning on investing in a mutual fund that earns 6.00 percent each year. How much money can she collect in three years
Click here to see answer by stanbon(75887)

Question 713737:
Total amount of 1,400 hundred dollars in two mutual funds. One earned 8% and the other earned 3% profit. The investor's profit was 67 dollars. How much was invested in each mutual fund.
Click here to see answer by checkley79(3341)

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