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

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Question 713753: a + 9b=4
a + 4b= -1
solve by the elimination method
Click here to see answer by Alan3354(69443)

Question 713753: a + 9b=4
a + 4b= -1
solve by the elimination method
Click here to see answer by checkley79(3341)

Question 713752: a + 9b=4
a + 4b= -1
Click here to see answer by checkley79(3341)

Question 713752: a + 9b=4
a + 4b= -1
Click here to see answer by Alan3354(69443)

Question 713749: X
Click here to see answer by lynnlo(4176)

Question 713850: an author of mystery books received a royalty check for $350,000 and decides to keep $50,000 and invest the remainder. He invests some in certificates of desposit (CDs) that have an annual yield at 3% and the remainder in mutual funds which have an anticipated return of 4.5%. If the total returns from the two investments are $11,625 per year, find the amount in each investment?

Click here to see answer by mananth(16946)

Question 713844: A professional football player received a $200,000 bonus for signing his contract. He invested part of the money in home mortgages that yield 7.5% interest annually and put the rest in business that was yielding a 15% profit annually. How much did he invest in the business if he expects to earn a total of $18,000 per year from both investments?
I keep ending up with a negative which doesn't make sense. NEED HELP!
Click here to see answer by mananth(16946)

Question 714090: 27,500 is the present price which is 10% increase
of previous price. How much was the previous price?
Click here to see answer by rfer(16322)

Question 714482: Mohammad Aran a financial planner recommended that 40% of a client cash account be invested in preferred stock earning 9% annual simple interest. The remainder of the client cash was placed in treasury bonds earning 7% annual simple interest. The total annual interest earned from two investment was $2496. Find the total invested
Click here to see answer by checkley79(3341)

Question 714677: How can $42,000 be invested, part at 4% annual simple interest and the remainder at 10% annual simple interest, so that the interest earned by the two accounts is equal at the end of the year?
Click here to see answer by josmiceli(19441)

Question 714696: A stockbroker has money in three accounts. The interest rates on the three accounts are 6%, 8%, and 10%. If she has twice as much money invested at 8% as she has invested at 6%, three times as much at 10% as she has at 6%, and the total interest for the year is $208, how much is invested at each rate?
Click here to see answer by mananth(16946)

Question 714711: What could you be buying if the cost is:
1 for $.10
21 for $.20
347 for $.30
1936 for $.40?
Click here to see answer by DrBeeee(684)

Question 714897: Don put $4,000 in a savings account with an interest rate of 5% for three years. If the interest is compounded annually, how much money will he have at the end of the three years?
Click here to see answer by checkley79(3341)

Question 714957: Your weekly paycheck is 25 percent less than your coworker's. Your two paychecks total 880. Find the amount of each paycheck.
Click here to see answer by lynnlo(4176)

Question 714952: find the net price equivalent rate and the single equivalent discount rate for 25/5
Click here to see answer by lynnlo(4176)

Question 714947: A person invests x dollars at 5% APR (annual percentage rate) and y dollars at 4% APR. If the total annual income is $2000, solve for y as a function of x
Click here to see answer by mananth(16946)

Question 714967: The number of paid subscribers to " The Wildlife Monthly" has declined from 3340 people to 2430 people, What is the percent of decrease?
Click here to see answer by stanbon(75887)

Question 715072: How much would i have to invest at 3% interest compounded annually in order to have $16,000.00 at the end of seven years?
Click here to see answer by Edwin McCravy(20054)

Question 715115:
If a person deposits $8000 dollars in a bank account that pays simple interest at a rate of 4% per year. How much interest will he be paid in the first 4 years. I would just like a formula please.
Thanks for your help and time,
Oliver
Click here to see answer by checkley79(3341)

Question 715075:
a vending machine has 12oz drinks and 16oz drinks. The 12oz drinks cost $.50 cents and the 16oz drinks cost 1 dollar. If 3600 drinks were sold in one month and total sales were $2225, how many of each size drink was sold?
Click here to see answer by checkley79(3341)

Question 715199: How much water needs to be removed from 30 liters of a 20% salt solution to change it to a 50% salt solution?
Click here to see answer by josmiceli(19441)

Question 715208: A total investment of is made into two savings accounts. One account yields 5% simple interest and the other 7% simple interest. He earns a total of interest for the year. How much was invested in the 5% account?
Click here to see answer by stanbon(75887)

Question 715198: Tyler received $1200 from his parents as a graduation present. He invested part of it at 4% interest, and he invested the remainder at 6%. If the total yearly interest amounted to $62, how much did he invest at each rate?
Click here to see answer by mananth(16946)

Question 715200: A sum of $2300 is invested, part of it at 5% interest and the remainder at 6%. If the interest earned by the 6% investment is $50 more than the interest earned by the 5% investment, find the amount invested at each rate.
Click here to see answer by mananth(16946)

Question 715197: Suppose that john invested a certain amount of money at 3% interest, and he invested $750 more than that amount at 5%. His total yearly interest was $157.50. How much did he invest at each rate?
Click here to see answer by mananth(16946)

Question 715276: JANE RECENTLY PURCHASED A COMPUTER AND A WIRELESS ROUTER.THE COMPUTER COST R4500 .THE WIRELESS ROUTE COST R300.WHAT FRACTION PART OF THE TOTAL COST WAS THE WIRE ROUTE?LEAVE ANSWER IN SIMPLE FORM.
Click here to see answer by josmiceli(19441)

Question 715448:
larry mitchell invested part of his 28000 advance at 3% annual simple interest and the rest at 5:% annual simple interest. if his yearly interest from both accounts was 920, find the amount at each rate.
Click here to see answer by checkley79(3341)

Question 715475: Use the elimination method to solve the system of equations
a+ 7b = 9
a + 2b = -1
Is there one solution, what is it
Is there infinitely solutions
There is no solution

Click here to see answer by Alan3354(69443)

Question 715544: how much interest 25,000 earns in 2 years in a certificate of deposit paying 7.5% interest compounded quarterly
Click here to see answer by DrBeeee(684)

Question 715502: A student takes out two loans, totaling $4000. One loan is at 6% interest, the other at 5% interest. the interest for one year is $215. what is the amount of each loan?
Click here to see answer by mananth(16946)

Question 715553: an investor invest 2500 in two mutual funds, he invest 5% in one and 2% in the other, both funds totaled an earning of $95, how much did each fund earn?
Click here to see answer by mananth(16946)

Question 715564: If an investor invested $1300 in two mutual funds, one was at 5% and the other at 2%, and a total of $50 was the profit, how much was invested in each fund?
Click here to see answer by mananth(16946)

Question 715789:
You deposit $450 in an account earning 3% interest compounded annually. How much will you have in the account in 7 years?
Click here to see answer by checkley79(3341)

Question 715884: Determine the simple interest rate at which $2400 will grow to $2500 in 8 months.
Click here to see answer by jim_thompson5910(35256)

Question 715884: Determine the simple interest rate at which $2400 will grow to $2500 in 8 months.
Click here to see answer by stanbon(75887)

Question 715881: 5. The Friendly National Bank holds $50 million in reserves at its Federal Reserve District Bank. The required reserves ratio is 12 percent.
a. If the bank has $600 million in deposits, what amount of vault cash would be needed for the bank to be in compliance with the required reserves ratio?

b. If the bank holds $10 million in vault cash, determine the required reserves ratio that would be needed for the bank to avoid a reserves deficit.
c. If the Friendly National Bank experiences a required reserves deficit, what actions can it take to be in compliance with the existing required reserves ratio?

Click here to see answer by jim_thompson5910(35256)

Question 715913: Seven and a half years ago, Chris invested $10,000 in a retirement fund that grew at the rate of 9.22%/year compounded quarterly. What is his account worth today? (Round your answer to the nearest cent.)
Click here to see answer by stanbon(75887)

Question 716063: if i get paid 4000 a week with 15% commission what is the formula
Click here to see answer by josmiceli(19441)

Question 716567: An advertisement says that 4 out of 5 doctors prefer a certain product. What percent of the doctors do not prefer the product
Click here to see answer by jim_thompson5910(35256)

Question 716579: An investor invested some money at 7% and some money at 5%. If the yearly interest on both investments is the same and the total amount of investments is $12000, find the amount of both investments.
Click here to see answer by lwsshak3(11628)

Question 716661: $8,000 loan at 9% interest paid in 8 months, how much will you pay in interest?
Click here to see answer by rfer(16322)

Question 716773: Find the future value when investing $4,000 at the annual interest rate of 3.5% for 7 years compounded quarterly.
Click here to see answer by stanbon(75887)

Question 716767: John�s mutual fund has dropped by 15% from last month to this month. If his fund is worth $7,000 this month, how much was his fund worth last month?
Click here to see answer by checkley79(3341)

Question 716878: Please help ma solve this question

Mike works on commission. He makes 15% of his total sales. If he earned $45 last week, what were his salesfor the week?
Click here to see answer by solver91311(24713)

Question 716966: How much was deposited if the simple interest earned after 120 days at 3.5% was $52.50?
Click here to see answer by rfer(16322)

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