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

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Question 733746: How many cups of grapefruit juice must be added to 20 cups of a punch that is 10% grapefruit juice to obtain a punch that is 25% grapefruit juice? Hint: You do not end with twenty cups of punch!
Click here to see answer by lynnlo(4176)

Question 733906: The simple interest I on an investment of P dollars at an interest rate r for t years is given by I=Prt. Find the time it would take to earn $1800 in interest on an investment of $25000 at a rate of 6.2%.
Click here to see answer by rfer(16322)

Question 733951: Kristina invests $15,000 at 7% simple interest for 1 year. How much is in the account at the end of the 1 year period?
Click here to see answer by rfer(16322)

Question 734072: A teacher starting salary of $40,000 would be how much after 30 years with a 4% increase each year?
Click here to see answer by checkley79(3341)

Question 734180: Hi,my name is Maria.I have tried to follow the book and still do not understand how they come up with the answer.Question is $50 deposited 100years ago has the value of $1600.today. What was the interest rate? I tried to follow the formula of (I+R)^n*amount.I put in different percentages.ex: (1=.06)^100*50=16965.Am I anywhere close to an answer? Please help!!
Thanks Maria
Click here to see answer by nerdybill(7384)

Question 734173: After 2 years, Deion earned $270 in simple interest from a CD into which he initially deposited $6000. What was the annual interest rate of the CD?
I thought at first that I would multiply all three of them together, but I really have no idea what I'm doing and I'd like to actually learn what to do rather than rely on asking other people everytime I have a problem like this pop up, so if you could please show me how that would be so great! Thank you!
Click here to see answer by josmiceli(19441)

Question 734259: Future value 1000.00 in a bank account for 6 years at 14 percent compounded semiannually
Click here to see answer by lynnlo(4176)

Question 734190: You are the store manager at a local Best Buy. As manager, you are verifying the store�s December inventory sales and purchases. You are currently focusing on a line of HP laptops which was part of the store's major holiday discount promotion.
December data for HP laptops by week were as follows:
�� December 1 � Beginning balance: 50 units at $600 each
�� December 8 � Sold 30 units
�� December 11 � Purchased 50 units at $800 each
�� December 15 � Sold 40 units
�� December 22 � Sold 20 units
�� December 23 � Purchased 80 units at $850
�� December 30 � Sold 40 units
1. Determine the cost of ending inventory assuming a perpetual inventory system and the LIFO method is used.
2. The year-end inventory count disclosed that 45 units of HP laptops remained on the store floor. Is ending inventory value calculated in #1 accurate based upon the inventory count? If not, how would the balance sheet and income statement be affected if inventory was not corrected?

Click here to see answer by lynnlo(4176)

Question 734292: If you invest a sum of money in an account earning 12% annual interest, how long will it take for your money to double?
Click here to see answer by rfer(16322)

Question 734385: A man invests a total of in two savings accounts. One account yields 9% simple interest and the other 10% simple interest. He earned a total of interest for the year. How much was invested in the 9% account?
Click here to see answer by stanbon(75887)

Question 734388: A man invests a total of in two savings accounts. One account yields 9% simple interest and the other 10% simple interest. He earned a total of interest for the year. How much was invested in the 9% account?
$ ____________

Click here to see answer by lynnlo(4176)

Question 734398: survey of various types of bank accounts and rate of interest offered

Click here to see answer by lynnlo(4176)

Question 734627: The admission fee at a small fair is $2 for children and $4 for adults. On a certain day, 750 people entered the fair and $2,500 was collected. How many children attended the small fair on that day?
Click here to see answer by rfer(16322)

Question 734653: A water trough is constructed by bending a
4- by 6-foot rectangular sheet of metal down the middle and
attaching triangular ends (see the figure). If the volume of
the trough is 9 cubic feet, find the width correct to two decimal
places.
Click here to see answer by mananth(16946)

Question 734674: I need help on this math problem please give me a accurate answer: Monique earns 25.00 dollars per week working in the store after school. Her savings account. In the beginning of January, her savings account had 275.00 dollars after 10 weeks . how much money will Monique have in her savings account.
Click here to see answer by rothauserc(4718)

Question 734701: Maria has $3,000 in the bank, has a home worth $150,000, and has a $75,000 home loan. She also has $10,000 in investments and a $15,000 student loan. What is Maria's net worth? Show your work.

Click here to see answer by unlockmath(1688)

Question 734681: Monique wants to purchase a computer game which costs 49 dollars she is not allowed to take money from her savings account. How many weeks mush she work to have enough money to buy the game.
Info on first one.
I had 275$ Added 10 X 25 Giving me 275 adding 250 giving me 525.
Please give me a accurate answer.
Click here to see answer by rothauserc(4718)

Question 734709: How can two people make financially informed choices and arrive at different conclusions?
Click here to see answer by Alan3354(69443)

Question 734887: a bank in houston loans 50000 to a business at 12.5% annual simple interest for 15 months. how much interest will the bank earn?
Click here to see answer by rfer(16322)

Question 734939: please help me.... I've tried and I keep failing
Tony and Barbara want to have $30,000 in 10 years to help pay for their daughter's college tuition. If they invest in a mutual fund account that earns 10.5% compounded annually, how much should they invest now to achieve their goal?
Click here to see answer by rfer(16322)

Question 734961: Company in Hsv, AL:
Sample measure: 10.5 x 10.5 x 0.5 inch
Weight: 3.5 oz
Max Price acceptance $ 0.45/piece
Offer from the Chinese manufacturer:
Cost of material: $ 0.80/kg
Manufacturing cost: $3.18/m2
Known Information:
1 inch = 25.3995 mm = 2.53995 cm = 0.0253995 m
1 oz = 28.35 g = 0.02835 kg
1 ft = 12 inch
20 foot container: 92� x 92� x 19�5�, $3,000 from China to HSV
Space waste: 10%
Tariff: 5% on goods value
Qs:
1.What�s the FOB China price of each mat?
2.What�s the transportation cost of each mat?
3.What�s the tariff for each mat?
4.What�s the ultimate cost per mat to HSV?

Click here to see answer by lynnlo(4176)

Question 734974: a man purchase small size of apple at 3 for a rupee & equal number of big size apples at 2 for a rupee. he mixed them together & sold them at 5 for rupee. find his loss percent ?
Click here to see answer by josmiceli(19441)

Question 735032: How much interest will I earn on the following:
8000.00 6.5% for 72 months?
Click here to see answer by rfer(16322)

Question 735008: sketch the graph of the function and answer the following questions
f(x)=| x+3| - 5
what is the domain?
what is the range?
Click here to see answer by josgarithmetic(39613)

Question 735075: Okay, so I am a very slow learner, and I find it hard to learn things myself if I do not have a fully worked example infront of me.
We have just moved onto exam prep and I am revising simple interest
The question is
At what rate must $24 000 be invested to earn $180 per month?
My working so far consists of
180 = 24000 x R x T
The text book has given us T (time)... being 1/2 I know how to solve, I am just very confused at to why the time is 1/2?
Thank you so much
Kate

Click here to see answer by mananth(16946)

Question 735177: Prepare the necessary journal entries for the following transactions:
a) On September 1, blank Company borrowed $150,000 from National Bank on a 6-month, 8% note.
(b) On December 31, Lore Company accrued interest (assume adjusting entries are only made at the end of the year).

Click here to see answer by lynnlo(4176)

Question 735221: Dirk opened up a savings account with $600. At a yearly interest rate of 5% that is compounded monthly, how much interest will dirk make in 6 months.
Click here to see answer by lynnlo(4176)

Question 735267: 1. a car loses 35% of its value every year. maria bought it for $15525. how much would it be worth after 3 years and 5 years?
Click here to see answer by Alan3354(69443)

Question 735325: which of the following will earn more money in 3 years
a. $3000 at 5.5% simple interest
b. $3000 at 5.6% compound interest

Click here to see answer by stanbon(75887)

Question 735472: how can you calculate if $4300 yields $1290 in simple interest over 6 years what is the annual rate?
Click here to see answer by josmiceli(19441)

Question 735486: p=8,000 at 6.5% compounded daily for 15 years. find future value of given principal p, and find the interest earned in the given period
Click here to see answer by stanbon(75887)

Question 735627: i need help with this problem, can u please explain how to do this?
subsitute the given values into the formula I=PRT and solve for the remaining varriable.
If I=600 when P=100 and T=6, find R. R=?
Click here to see answer by solver91311(24713)

Question 735658: If $5000 is deposited in an account paying 6% compounded annually how much will you have in the account in 4 years?
A=P(1+r/n)^nt
Click here to see answer by nerdybill(7384)

Question 735631: Suppose $2000 is invested at 5.75% annual interest compounded continuously for 20 months. How much will the investment be worth at the end of 20 months?

Click here to see answer by rfer(16322)

Question 735670: how long does it take for $900 to double if it is invested at 7% compound continuously?
Click here to see answer by lwsshak3(11628)

Question 735830: How many years will it take to grow
a. $765 to a value of 2,028 at a compound rate of 14 percent
b. $321 to a value of 450.22 at a compound rate of 12 percent
c. $881 to a value of 1,305.78 at a compound rate of 7 percent
Click here to see answer by stanbon(75887)

Question 735893: If 40 oz is $8 , how much is each oz?

Click here to see answer by rfer(16322)

Question 735920: In 1960 a gallon of milk was about $.49; in 2009, it cost about $4.59 for a gallon. Use the compound interest rate formula to determine the annual growth rate r (to the nearest tenth of a percent) for the price of milk.
The formula I am using is A=P(1+r/n)^nt
I am not sure which numbers to use and if I need to use the difference in time, 49 years which begs the question what do I do with the two costs?
Click here to see answer by josgarithmetic(39613)

Question 736017: a theatre contains 409 seats and the ticcket prices for a recent play were $53 for adults and $21 for children. if the total proceeds were $13,485 for a sold out matinee, how many of each type of ticket were sold?
Click here to see answer by stanbon(75887)

Question 736046: Last year, Jose had to invest. He invested some of it in an account that paid simple interest per year, and he invested the rest in an account that paid simple interest per year. After one year, he received a total of in interest. How much did he invest in each account?
Click here to see answer by stanbon(75887)

Question 736161: rosa wanted to buy a gift for her parents. she wanted to buy a picture frame for $14.95 and a card for $1.75. if she had $20.00 saved up,did she have enough money to pay for both the picture frame and card?if she had money left how much did she have?
Click here to see answer by solver91311(24713)

Question 736189: If your statement says 2 mutual funds earned 10% and 5% and you lost -5% on a 3rd fund. Do you add the first 2 (15%) then substract the loss of 5% for 3rd fund to get the yearly interest rate you earned? Which would be 10%
Thank you
Brenda
Click here to see answer by rothauserc(4718)

Question 736298: 3600 dollars is placed in an account with an annual interest rate of 7.5%. How much will be in the account after 23 years, to the nearest cent?
Click here to see answer by rfer(16322)

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