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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 716964: If you deposited $2500 at 5% for 6 years compounded annually, what is you total amount? What is your interest amount?
Click here to see answer by rfer(16322)

Question 716941: mr black bought a television set for $450.00. He later sold the television set at a loss of 30%. calculate the amount of the loss.
Click here to see answer by rfer(16322)

Question 717142: If i put 40,000 in the bank in 2008,how much interest would I have in 2013?
Click here to see answer by Alan3354(69443)

Question 717253:

what is the interest on $8,000 that is invested at 6% for 3 1/2 years? round to nearest cents

Click here to see answer by checkley79(3341)

Question 717291: your friend works as a waitress at a local restaurant. her income consists of an hourly wage plus tips.on wendsday your friend earns $25 in tips over a five hour period. on friday your friend earned $30.76 in tips over a 3 hour period. how much is your friends hourly wage if your friend earned the same amount of money on wednsday as on friday?
Click here to see answer by josmiceli(19441)

Question 717698: If u make 1400 annually how much is that monthly
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Question 717645: A home sold for $150,000, which represents a 10% loss on the owners investment. How much did the home cost originally?
Click here to see answer by checkley79(3341)

Question 717666: 1)You have already invested $450 in a stock with an annual return of 11%. How much of an additional $1,000 should be invested at 12% and how much at 6% so that the total return on the entire $1,450 is 9%? (Round each answer to the nearest cent.)
Click here to see answer by solver91311(24713)

Question 717584: john is a salesman for ABC Company he receive a salary of 700 dollars a week plus a 6 % commission all all sales over 2000 dollars. Last week he sold 11600 dollars if merchandise. How much did he receive for the week.
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Question 716312: 10 hats at $5 each

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Question 717720: what would be the total investment and the interest earned when $2,500 is invested at 5% compounded semiannually for 3 years?
Click here to see answer by stanbon(75887)

Question 717686: the interest on Rs3000 for one year is Rs210. what is the interest on RS 4500 for one year.
Click here to see answer by nerdybill(7384)

Question 717734: A person bought a new car for $30,000. A month later this person decides to sell the car and learns that the value of the car has dropped to $26,000. What is the percent of depreciation for the car rounded to the nearest percent? I am horrible with percentages please help me.
Click here to see answer by jndarrell(58)

Question 717746: Solve for x in the following proportions: 18/30 (eighteen over thirty, not divided by)=6/x (six over x).
Click here to see answer by stanbon(75887)

Question 717742: Set up a proportion and solve 6 1/2% of what number is 13?
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Question 717741: The national average of health care costs was $7,323 in 2005. One year later the national average had climbed to $8,046. What was the percent increase, rounded to the nearest percent?
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Question 717683: the interest on Rs3000 for one year is Rs210. what is the interest on Rs4500 for a year.

Click here to see answer by rfer(16322)

Question 717808: A man invests part of 17,000 pesos at 8% and the rest at 9%. if the annual income from the 2 investments are equal, how much has he invested at each rate?
Click here to see answer by checkley79(3341)

Question 609092: Five years ago, you bought a house for $151,000, with a down payment of $30,000, which meant you took out a loan for $121,000. Your interest rate was 5.75% fixed. You would like to pay more on your loan. You check your bank statement and find the following information:
Escrow payment $211.13
Principle and Interest payment $706.12
Total Payment $917.25
Current Loan Balance $112,242.47
1.Explain how much additional money you would need to add to your monthly payment to pay off your loan in 20 years instead of 25.
2.Explain whether or not it would be reasonable to do this is if you currently meet your monthly expenses with less than $100 left over.
3.It might be possible to pay the current balance off in 20 years if you refinanced the loan at a lower interest rate. The interest rate that you qualify for will depend, in part, on your credit rating. Identify the highest interest rate you could refinance at in order to do this and determine the interest rate that would require a monthly total payment that is less than your current total payment. Also, refinancing costs you $2000 up-front in closing costs.
4.Explain whether it is more or less reasonable to consider refinancing your loan. In order to answer this, you need to look at different interest rates. Know that if you refinance, your minimum monthly payments will be based on a 30-year loan (though you still want to be done in 20 years). Also, refinancing costs you a couple of thousand dollars up front in closing costs.

Click here to see answer by zoeguy(1)

Question 717932: how much money do i need to net EXACTLY $25,000 in 8 years at 5%interest compounded annually? Carrying out three decimal points then round to nearest $
Click here to see answer by Alan3354(69443)

Question 499707: a particular style of jacket costs the retailer $75 per jacket. At what price should the retailer mark them so he can sell them at a 10% discount off the selling price and still make 20% profit on his cost
Click here to see answer by Reidandrew(1)

Question 718117: mary has 54 coins which are either 20-cent coins or 50-cent coins.If the total amount is $20.70, how many 20-cent coins does Mary have?
Click here to see answer by checkley79(3341)

Question 718160: For 9 months a company lost $600/month and for the last 3 months made a profit of $1,200/ month. What was the average monthly profit or ,oss for this company?
Click here to see answer by checkley79(3341)

Question 718156: I invested 6000.00. I earned 203 dollars total interest. Part at 3 percent and part at 5 percent. How much interest did I earn at each percent
Click here to see answer by checkley79(3341)

Question 718198:
if i save $300 a month and over time my mutual fund earns 9.0% APR compounded monthly for 57 years, when i retire how much will the mutual fund be worth?
Click here to see answer by checkley79(3341)

Question 718460: Using simple interst, what is the ending balance of $8000 at 7% for 1/2
years?
Click here to see answer by rfer(16322)

Question 718507: When the cost of the car is multiplied by 0.04 the result is $1740. Find the cost of the car.
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Question 718506: suppose you invest 10,000 in a CD (certificate of deposit) for 4 years at an annual rate of 6.25%. what is the total amount of money you will have after the 4 years?
I've tried this equation 10,000(1+0.0625)^4 but i get an outrageous answer that im not sure works with the question, can you please help me? Thank you :)
Click here to see answer by rfer(16322)

Question 718472: the simple interest at 11% for 90 days on a 14.000 loan is
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Question 718548: suppose the local sales tax rate is 7% and you purchase a car for $16,500, how much tax is paid? what is the total cost?
Click here to see answer by rfer(16322)

Question 718478: You find 6 coins in an old desk drawer, consisting entirely of nickels, dimes, and quarters, with a face value of 85 cents. However, the coins all date from 1889 and are worth much more than their face value, and you were able to sell all the coins to a coin shop for a total of $31. Suppose you received $5 for each nickel, $4 for each dime, and $7 for each quarter. How many of the coins were quarters?
Click here to see answer by josmiceli(19441)

Question 718637: Afert a 40% decrease the value of a share dropped to $66. What was the value of the share before this decrease?

Click here to see answer by lynnlo(4176)

Question 718629: Willie invests 10,000 at 8 and 1/2%, how much additional money must he invest at 7% so that his total annual income from these investments may equal 8% of the principal
Click here to see answer by ankor@dixie-net.com(22740)

Question 718782: if you invested 28,000 dollars in McDonalds, in 1981 what would the return investment be in the stock market in 2013.
Click here to see answer by Alan3354(69443)

Question 718785: Steps to solve this question plz! Jack deposited 1400 in his bank account after 3 years the account is worth 1694 find the simple intrest rate the account earned
Click here to see answer by josmiceli(19441)

Question 718921: principle 350 dollars
rate 6.2%
interest 65.10
What is the amount of time? I used the formula I = prt so t=I/pr I got 0.03 is that right? What amount of time is it? Years?
Click here to see answer by stanbon(75887)

Question 718978: someone has 20% more money than you. They have 50 cents more than you do. How much money do you have?
Click here to see answer by stanbon(75887)

Question 719011: rosa invested $600 at 3.9% simple interest. At the investment's maturity, its value was $1302, how long was the money invested?
Click here to see answer by god2012(113)

Question 719025: Scott invested a total of $6300 at two separate banks. One bank pays simple interest of 11% per year while the other pays simple interest of 7% per year. If Scott earned $565.00 in interest during a single year, how much did he have on deposit in each bank?
Click here to see answer by god2012(113)

Question 719174: �600 is put in a bank. After a year the money has increased by 8%. How much is now in the bank?
Click here to see answer by stanbon(75887)

Question 719215: Phyllis invested 27000 dollars, a portion earning a simple interest rate of 4 percent per year and the rest earning a rate of 7 percent per year. After one year the total interest earned on these investments was 1530 dollars. How much money did she invest at each rate?
Click here to see answer by stanbon(75887)

Question 719181: Jorden needs a total of $350 to buy a new bicycle. He has saved $35. He earns $15 each week delivering newspapers. How many weeks will Jorden have to deliver papers to have enough money to buy the bicycle?
Click here to see answer by 001onedirection(3)

Question 719411: THE BILL AT A RESTAURANT FOR THE SMITH FAMILY CAME TO $40. THEY WANT TO LEAVE A 15% TIP. WHAT IS THE TOTAL COST OF THE MEAL?

Click here to see answer by rfer(16322)

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