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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 754747: 1400 invested in two mutual funds one earned 6% profit the other earned 4% profit total profit 80. how much invested in each account
Click here to see answer by tommyt3rd(5050)

Question 754768: sue is going to invest some money at simple interest at the rate of 8%. how long will it take for the investment to double?
Click here to see answer by stanbon(75887)

Question 754779: If $8,000 is placed in an account with an annual interest rate of 6%, how long will it take the amount to triple if the interest is compounded annually?
please help me
Click here to see answer by stanbon(75887)

Question 754854: construct a simple formulae for:
the cost C of N books at D dollars each
Click here to see answer by Cromlix(4381)

Question 754897: a television and a radio together cost $720. The television is $400 dearer than the radio. how much does the television cost?
Click here to see answer by Cromlix(4381)

Question 754985: Future Value of an Annuity:
I invest $50 a month in a 401k. Assuming an annual rate of return of 9%, how much will this fund be worth if retiring in 40 years?
My problem in trying to figure this out is dividing the 9% rate out monthly.
Click here to see answer by MathTherapy(10549)

Question 755068: while working for a cookie store at the mall,Allison sells twice as many cookies as Jim,but just two thirds as many as David.If David sells 16 more than Jim,how many did each employee sell? i would like a step by step how to do this word problem pls.tks,
Click here to see answer by stanbon(75887)

Question 755431: Zoe needs 30,000 for college in 12 years. Will she have enough money for college if she invests 7,250 at 10% intrest, compounded annually, now?

Click here to see answer by stanbon(75887)

Question 755432: determine the present value you must invest to have the future value A at simple interest rate r after time t
a=8000 r=12% t=13 weeks
Click here to see answer by solver91311(24713)

Question 755470: Yumi's grandparents presented her with a gift of $14,000 when she was 11 yr old to be used for her college education. Over the next 6 yr, until she turned 17, Yumi's parents had invested her money in a tax-free account that had yielded interest at the rate of 4.5%/year compounded monthly. Upon turning 17, Yumi now plans to withdraw her funds in equal annual installments over the next 4 yr, starting at age 18. If the college fund is expected to earn interest at the rate of 8%/year, compounded annually, what will be the size of each installment? (Round your answer to the nearest cent.)
$
Click here to see answer by reviewermath(1029)

Question 755516: What is 5 dollar 1 dollar 3 quarters 4 dimes
Click here to see answer by jim_thompson5910(35256)

Question 755692: How to find the interest, I and the total amount, A, for $3250 invested for 5 years at 2% APR, Compounded annually.

Click here to see answer by solver91311(24713)

Question 755742: Find the present value of $40,000 due in 4 years at the given rate of interest 8%/year compounded monthly.
Click here to see answer by reviewermath(1029)

Question 755719: Collinsburg Music makes a profit of 66 2/3% on the sale of a Blaze-O Stereo. For one week only, the price of the stereo is reduced to $540. If the store makes a profit of 33 1/3% selling the stereo at this price, then $540 is what percent of the original selling price?
Click here to see answer by reviewermath(1029)

Question 755853: How much interest will be earned on a $2000 investment at 5.9% compounded quarterly for 6 years
Click here to see answer by reviewermath(1029)

Question 756039: Ok George bought a car 3 years ago for 5600 He sold it for 3000 What was the percent of decrease in Value? I want to know how you do it??
Click here to see answer by solver91311(24713)

Question 756091: Calculate the amount of time it would take for a 7000 dollar investment to reach 1400 dollars at a simple interest rate of 4% per annum
Click here to see answer by tommyt3rd(5050)

Question 756098: My nd took his son to the dentist and they said the insurance only pays 90 percent and he had to pay 500 out of pocket . WHAT DID THEE INSUREANCE PAY FOR?
Click here to see answer by josmiceli(19441)

Question 756248: Maria wants to buy a car but has little money. The dealer offers $5,000 at 12% compounded daily for 7 years. Maria doesn't have to make monthly payments, but must pay off the loan in full after 7 years. How much must Maria pay?

Click here to see answer by Theo(13342)

Question 756324: if you borrow 400.00 and promise to pay back 480.00 with 6 months what is the percentage you are paying back.
Click here to see answer by Cromlix(4381)

Question 756356: After 5 years, what is the total amount of a compound interest investment of $32,000 at 3% interest, compounded quarterly?
Click here to see answer by stanbon(75887)

Question 756483: A merchant blends tea that sells for $4.65 a pound with tea that sells for $2.25 a pound to produce 70 lb of a mixture that sells for $3.45 a pound. How many pounds of each type of tea does the merchant use in the blend?
(at $4.65/lb) ?
lb(at $2.25/lb)?
Click here to see answer by josgarithmetic(39613)

Question 756597: An investor invested a total of $2,800 in two mutual funds. One fund earned 9% profit while the other earned a 5% profit. If the investors total profit was $180 how much was invested in each mutual fund?
Click here to see answer by josmiceli(19441)

Question 756568: The cost C of printing a book is directly proportional to the number of pages p of the book. If an 36 page book costs $27 to print, how much will a 45 page book cost to print?
Click here to see answer by nerdybill(7384)

Question 756646: Jane invest �1500 in a bank account, which pays interest of 6.5% per annum
how much will she have in the account after one year
Click here to see answer by Cromlix(4381)

Question 756715: An artisan can produce and sell x hats per month. The total cost C (in dollars) for producing x hats is C = 460 + 10x, and the total revenue R (in dollars) is R = 35x.
(a) Find the profit P in terms of x.
P =

(b) Find the profit obtained by selling 42 hats per month.
$ Incorrect:
Click here to see answer by josmiceli(19441)

Question 756769: If the club got 2.5 cents per kilogram for cans, how many kilograms did they have to collect to get $19.55 (1955 cents)?
I need someone to answer this by today please. Thank you! :)
Click here to see answer by Alan3354(69443)

Question 756926: What is the annual simple interest rate when $561 interest is earned on $2200 over 3 years?
Click here to see answer by sachi(548)

Question 756891: If you spent 100 dollars per month for transportation when your salary was 26,000 per year, compute the percentage of your salary used for transportation.
Click here to see answer by Cromlix(4381)

Question 757126: The simple interest on a 8 month loan at 6 3/4% interest was $112.05. Find the loan amount.
Click here to see answer by stanbon(75887)

Question 757302: a person plans to invest four times as much in an account at 6% interest as in an account at 9% annual interest. how much should the person invest in each account to earn a total of $825 in one year?
Click here to see answer by LearnWithMajor(33)

Question 757315: how many years will 1,200,000 last if 70,000 is withdrawn each year and the remaining balance earns 5% interest?
Click here to see answer by Cromlix(4381)

Question 757291: I am offered a job that pays $12/hr for 40 hrs a week. I want to rent an apartment with two other friends that requires a year-long lease. Bills and expenses will cost me $300 per month. I am also making monthly payments on a car in the amount of $1, 521. If I accept the job, what is the maximum rent I can pay for the apartment?
Click here to see answer by ankor@dixie-net.com(22740)

Question 757376: A guy borrowed some money for 2 years at 6% simple interest. If he had to pay back $3,640, how much did he borrow?
Click here to see answer by LearnWithMajor(33)

Question 757520: if i put 2000 in a cd account for 2 years how much money should
it genarate
Click here to see answer by LearnWithMajor(33)

Question 757544: The population of a town was 12500 in 1990. Each year the population decreased by an average of 6%. Write an exponential function that models this situation, clearly state what the variables represent and use your model to estimate near the end of what year the population dropped below 6000?
Click here to see answer by Cromlix(4381)

Question 757541: Jesse has inherited $100000.00 He wants to save $80000 for a trip around the world in 4 years. How much should Jesse put in a saviongs bond that earns 9.4% /a compounded monthly to ensure he has $80000 four years from now? how much of the inherited money is not invested?
Click here to see answer by nerdybill(7384)

Question 757552: The cost of three notebooks and four pencils is $8.50. The cost of five notebooks and eight pencils is $14.50. Determine the cost of one notebook and the cost of one pencil.
Click here to see answer by Cromlix(4381)

Question 757400: Sam bought a new television for $440. If he paid 20% of this amount as a down payment, and paid the rest in 8 equal monthly installments, how much was the amount of each installments?
Click here to see answer by Cromlix(4381)

Question 757711: Robert invests $1000 in a share plan. He makes 20% in the first year but loses 20% in the second year. How much is Robert�s investment worth after 2 years?
Click here to see answer by solver91311(24713)

Question 757573: Suppose that the Fed's inflation target is 2 percent, potential output growth is 3.5 percent, and velocity is a function of how much the interest rate differs from 5 percent: %∆V = 0.5 x (i - 5) Suppose that a model of the economy suggests that the real interest rate is determined by the equation: r = 8.5 - %∆Y Where Y is the level of output, so %∆Y is the growth rate of output. Suppose that people expect the Fed to hit its inflation target. a. Calculate the optimal money growth rate needed for the Fed to hit its inflation target in the long run. b. In the short run, if output growth is just 2 percent for two years and the equation determining the real interest rate changes to r = 4.5 - %∆Y, what money growth rate should the Fed aim for to hit its inflation target in that period? c. If the Fed instead maintained the money growth rate from part a, what is likely to happen to inflation?
Click here to see answer by solver91311(24713)

Question 757765: Formula: A=Pe^rt
a) How much money would need to be deposited at 2.25 percent interest in order to have $2000 account in 10 years?
b) By how much does the account grow each year at 3 percent interest? Round to the nearest hundredth of one percent.
Click here to see answer by josgarithmetic(39613)

Question 757856: What is the interest earned on $400 invested at the rate of 6% for one year?
Click here to see answer by knighty2002uk(39)

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