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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 775046: monica earned twice as much money samuel mowing lawns.
if monica earned $48, how much did samuel earn?
Click here to see answer by rfer(16322)

Question 775058: Please help me solve this problem, can you please show and explain the work? I feel I am missing a very simple step. Thank you
What is the future value of $3000 in a bank account for 9 years at 6% compounded bimonthly? Round to the nearest cent.
Click here to see answer by rfer(16322)

Question 775029: if i bye 50 apples at 19 cent each how much would the total cost be?
Click here to see answer by rfer(16322)

Question 775283: Dorren Schmidt pays $91.02 per month to pay back a loan of $1547.34. In how many months will the loan be paid off?

Click here to see answer by jim_thompson5910(35256)

Question 775288: a theatre owner wants to provide enough seating for 973 people. The main floor has 25 rows of 26 seats in each row. If the balcony has 19 rows, how many seats must be in each row to satisfy the owner's seating requirements?
Click here to see answer by jim_thompson5910(35256)

Question 775292: a person earned $270.86 during a 40-hour week. What was the hourly wage?
Click here to see answer by jim_thompson5910(35256)

Question 775296: a supply house purchases 8wheelchairs at $1314 each and 17 speech compression recorder-players at $867. Find the total cost
Click here to see answer by Cromlix(4381)

Question 775468: invest 100 00 in 4 years at 7% compound interest. how much money at the end of 4 years
Click here to see answer by Cromlix(4381)

Question 775334: What is the interest on $1200 invested for 2 years in an account that earns simple interest at an annual rate of 5%?
Click here to see answer by tommyt3rd(5050)

Question 775531: Yvonne plans to buy a one-year certificate of deposit (CD) that earns 7% interest. If she needs the CD to earn $100, how much should Yvonne invest?
Thank you.
Click here to see answer by josmiceli(19441)

Question 775573: Hello, may you please help me on the following problem? And maybe show work so i can understand please if you can?
Bok Lum Cham us going to invest $1000 at simple interest 9%. How long will it take for the investment to be worth $1090?
Thank you!
Click here to see answer by josmiceli(19441)

Question 775569: To start a business, Tom borrowed $20,000, part at 16% annual interest rate and part at 15%. If the total amount of interest on both loans is $3120, how much did he borrow at 16%?
Click here to see answer by mananth(16946)

Question 775679: At a certain rate of simple interest, 500 Euros will accumulate to 600 Euros after a certain period of time. Find the accumulated value of Euros at a rate of simple interest one fourth as great over twice as long a period of time.

Click here to see answer by psbhowmick(878)

Question 775720: You are setting up a part-time business with an initial investment of $12,000. The unit cost of the product is $11.50, and the selling price is $19.50. How many units would yield a profit of $1000?
Click here to see answer by psbhowmick(878)

Question 775683: tina owns 400 shares of stock that dropped by $3 per share last month how much did she lose?
Click here to see answer by tommyt3rd(5050)

Question 775645: the total interest earned on d dollars invested for 3 months at 11 percent simple annual interest
Click here to see answer by tommyt3rd(5050)

Question 775738: Tate bought a compact disc for $17.99. The sales tax on the disc was t dollars. What was the total cost including sales tax? Can you show work and explain it please. Thank you
Click here to see answer by DrBeeee(684)

Question 775969: a piggy bank containd 50 coins, all of them nickels, dimes and quarters. The total value of the coins is $5.60, and the value of the dimes is five times the value of the nickels. How many coins of each type are there?
Click here to see answer by oscargut(2103)

Question 776078: Determine how much time is required for an investment to triple in value if interest is earned at the rate of 5.75% compounded annually
Click here to see answer by DrBeeee(684)

Question 776145: Gerry deposited $1,230 in an account that pays 3.19% simple interest for one year. How much interest will he earn in one year?
Click here to see answer by stanbon(75887)

Question 776173: An executive invests $26,000, some at 8% and some at 4% annual interest. If he receives an annual return of $1,600, how much is invested at each rate?
Click here to see answer by mananth(16946)

Question 713757:
Find the present value of $5,400 under each of the following rates and periods.
(If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)
a. 8.9 percent compounded monthly for five years.

Present value $
b. 6.6 percent compounded quarterly for eight years.
Present value $
c. 4.3 percent compounded daily for four years.
Present value $
d. 5.7 percent compounded continuously for three years.
Present value $

Click here to see answer by Dlc410(1)

Question 776407: Hi, if anyone could help me with this. I would really appreciate it.
A group of neighbors agreed to contribute equally toward the purchase of some garden equiptment costing $72. When the equiptment was delivered, two others asked to join the group. The result was that each person contributed $1.80 less than originally planned. How many were in the original group?
Thank you for the help! Kudos!
Click here to see answer by stanbon(75887)

Question 776535: Kara's Custom Tees experienced fixed costs of $500 and variable costs of $2 a shirt. Write an equation that can be used to determine the total expenses encountered by kara's Custom Tees, by letting x represent number of shirts and C(x) be the total cost of producing x shirts.
I don't understand where the C(x) comes into play or how to set up the equation, how would I do that?
Click here to see answer by solver91311(24713)

Question 776652: Nora and Addison went shopping for new summer clothes. Nora bought 4 pairs of shorts and 7 tank tops for $102.50. Addison bought 2 pairs of shorts and 6 tank tops for $77.00. Find the costs of the shorts and tank tops.
Click here to see answer by 1998Baby(63)

Question 776795: With an AT&T calling plan, you pay $4.95 per month plus 7 cents a minute of talk time. In July, the total cost of both the monthly fee and talk time was $29.45. Determine the number of minutes of talk time used in the month of July. Identify a variable and write an equation.
I have the answer of 350 minutes.
I took the total ($29.45)-monthly rate ($4.95)=$24.50 and then I divide it by 7 to equal 350. What is the proper equation to use in this question.
Thank you ahead of time!!
Click here to see answer by josmiceli(19441)

Question 776804: Raj has $5000.00 dollars in the bank. The money earns 20% each year, compounded annually. What is his expected earnings after 5 years?
Click here to see answer by wilft1(217)

Question 777116: An executive invests $25,000, some at 8% and some at 7% annual interest. If he receives an annual return of $1,870, how much is invested at each rate? I am not sure of the steps to take to solve this problem. Would you please help me ?
Click here to see answer by mananth(16946)

Question 777356: If you invest $10,000 at an annual rate of 7%, how much interest will you earn after one year?
Click here to see answer by wilft1(217)

Question 777413: I always have trouble translating these word problems into algebraic form. I don't want the answer, but the structure of how to make the word problem algebraic would be much appreciated.
Problem: For the two weeks period, Jan earned $150 less than twice Tom's earnings. Together Jan and Tom earned $1380. How much did Tom earn?
Click here to see answer by Cromlix(4381)

Question 777433: Using the formula B=P+Prt
Suppose an account earns 5.5% interest and after two years the balance is $3330. Find the principal that was invested.
So far I have 3,330= P+P(.55)(2) but I can't figure out what i'm doing wrong and my book isn't helping :/

Click here to see answer by stanbon(75887)

Question 777475: A college student is considering a subscription to a social networking Internet site that advertises its cost as "only 87 cents per day." What is the cost of membership in dollars per year?
How many conversion factors will you need to use to solve the problem?
How do you choose the appropiate conversion factors?

Click here to see answer by stanbon(75887)

Question 777601: Last year, Heather had to invest. She invested some of it in an account that paid simple interest per year, and she invested the rest in an account that paid simple interest per year. After one year, she received a total of in interest. How much did she invest in each account?

Click here to see answer by solver91311(24713)

Question 777741: Write the ratio given as a simplified ratio.
A cement mixture calls for 40 pounds of cement for 2 gallons of water. What is the ratio of cement to water?
to 1
Click here to see answer by nyc_function(2741)

Question 777806: Two Investments totally $49500. They yield an annual income of $4080 a year. One investment yilds 6% a year and the other yields 9% each year. How much is invested at each rate?

Click here to see answer by lwsshak3(11628)

Question 777902: If 5 melons sell for $0.75, how much would 6 melons cost?

Click here to see answer by Cromlix(4381)

Question 777903: Evaluate the expression.
2P0
Click here to see answer by solver91311(24713)

Question 777907: 2 − x ≥ 3x + 18
Click here to see answer by jim_thompson5910(35256)

Question 778015: Cindy gets paid a 5% commission for selling furniture. If Cindy's goal is to earn $4,000 per month in commission checks, how much furniture does she need to sell per month to reach her goal?
Click here to see answer by psbhowmick(878)

Question 778185: I, is the interest paid on a $10,000 debt over 3 years, when the interest rate is r% can be approximated by the equation. What is the amount of interest paid during the 3 yr. period if the interest rate is 18.8%.
Click here to see answer by harpazo(655)

Question 778177: I do not understand how to solve this word problem. "Joe plans to invest some money at 5% interest and $2000 more than that amount at 6%. His annual interest from the two investments totaled was $670. How much did she invest at each rate?" I typed that word for word... Yes, later on in the equation Joe becomes a female.
Click here to see answer by josmiceli(19441)

Question 778287: At the time of his son's birth, a man invests a certain sum of money at 8%, compounded quarterly, to provide quarterly payments of 60000 each for four years, the first payment to be made on his son's 20th birthday. how much does the father invest?
Click here to see answer by fcabanski(1391)

Question 778101: Lana ordered concert tickets that cost $7.50 for children and $12.00 for adults. She ordered 8 more children's tickets than adults' tickets. Her total bill was $138. How many of each type of ticket did she order?
Having problems setting up and solving. Please help
Click here to see answer by sofiyac(983)

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