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

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Question 789612: A 7.5% raise brings a salary to $46,225. What was the salary before the raise?
Click here to see answer by rfer(16322)

Question 789767: Daniel earned $444 on her investment of $6000. Some of the money at the rate of %5 and the rest earned at 8%. How much did she invest at each rate?
Click here to see answer by mananth(16946)

Question 789768: Maria invested $10,000, some at 4% and some a 5%. How much was invested at each rate if her total annual interests was $465?
Click here to see answer by mananth(16946)

Question 789776: I really have no idea how to solve this. Any help would be appreciated. Thanks
When hired at a new job selling jewelry, you are given two pay options:
Option A: Base salary of $18,000 a year, with a commission of 9% of your sales
Option B: Base salary of $26,000 a year, with a commission of 2% of your sales
In order for option A to produce a larger income, you would need sell at least $...
Click here to see answer by mananth(16946)

Question 789849: A man loans ₱ 4,000 at one interest rate and ₱ 5,000 at 1% greater rate. Find the rate for each loan if the total interest is ₱ 500.
Click here to see answer by nilan(17)

Question 789847: A man has ₱ 2,000 invested at 7% and ₱ 5,000 at 4% simple interest. What additional amount must he invest at 6% to give him an overall of 5%?
Click here to see answer by Edwin McCravy(20054)

Question 789853: a women invest $25,000 in two business ventures/ last year she made a profit of 15% from the first venture but lost 5% from the second venture. if last year's income from the two investments was equivalent to a return of 8% of the entire amount invested, how much had she invested in each venture?
Click here to see answer by mananth(16946)

Question 789907: When Jim emptied his pocket one evening, he found he had 19 nickels and dimes with a total value of $1.55. How many of each denomination did he have.
Click here to see answer by solver91311(24713)

Question 790135: A textbook salesperson is paid a base salary of $35,000 plus a 3% commission on sales. Her total sales last year were $620,000. Find her total pay last year.
I need help with Commission
Click here to see answer by josmiceli(19441)

Question 790199: A1 plumbing service charges $35 per hour plus $25 travel charge for a service call. Good guys plumbing repair charge $40 per hour for a service call with no travel charge. How long must a service call be for the two companies to charge the same amount?

Click here to see answer by rfer(16322)

Question 790257: Bill deposited $950 into a savings account earning a simple interest rate of 4.70%. How long will it take to earn $5.00 in interest?
Express your answer in days

Click here to see answer by rfer(16322)

Question 790273: Tyler McGinnis invested some money at 3% simple interest and some at 5% simple interest. The total amount of his investment was $28,000, and the interest he earned during the first year was $1240. How much did he invest at each rate?
Click here to see answer by mananth(16946)

Question 790304: in one year carla earned 460$ in simple interest when she invests 6200$. some of the money earned at an interest rate of 5% and the rest at 8% how much did she invest at each rate
Click here to see answer by mananth(16946)

Question 790468: In 2011, Jim Goodman, an employee at Walgreens, earned $40,000, an increase of 6.00% over the previous year. What were Jim�s earnings in 2010?
Click here to see answer by Cromlix(4381)

Question 790467: In 2011, the price of a business math text rose to $101. This is 4% more than the 2010 price. What was the old selling price?
Click here to see answer by Cromlix(4381)

Question 790392: A bank pays 3% compound interest per year. Jeremy invests $2 000. How much money will he have in his account at the end of the second year, giving your answer correct to the nearest dollar?
Click here to see answer by Cromlix(4381)

Question 791033: If a teacher in the Dominican Republic was making 7500 pesos a month and has now received a 100% raise, what are they making now?
Click here to see answer by Cromlix(4381)

Question 791048: You have 25 dollars and then you get 14 dollars. How do you have know? The answer in words.
Click here to see answer by ankor@dixie-net.com(22740)

Question 791194: how do u do these kind of problems where there is a percent reduction of 70 percent and new sales price of 222 how do u find original price
Click here to see answer by oscargut(2103)

Question 791207: what is the total interest on a 3-year term loan of $1,250 with a simple interest rate of 10.5%?
Click here to see answer by oscargut(2103)

Question 791434: Chang paid $8.19, including a 5% sales tax, for a shirt. If the shirt was on sale with a 25% discount, find the original price of the shirt.
Click here to see answer by josmiceli(19441)

Question 791678: Can you help me with this? I calculated the first part, but I am struggling with this problem. If anyone can help me I would be so grateful!
Deer Valley Lodge, a ski resort in the Wasatch Mountains of Utah, has plans to eventually add five new chairlifts. Suppose that one lift costs $2 million, and preparing the slope and installing the lift costs another $1.3 million. The lift will allow 300 additional skiers on the slopes, but there are only 40 days a year when the extra capacity will be needed. (Assume that Deer Valley Lodge will sell all 300 lift tickets on those 40 days.) Running the new lift will cost $500 a day for the entire 200 days the lodge is open. Assume that the lift tickets at Deer Valley cost $55 a day. The new lift has an economic life of 20 years.
1.Assume that the before-tax required rate of return for Deer Valley is 14%. Compute the before-tax NPV of the new lift and advise the managers of Deer Valley about whether adding the lift will be a profitable investment. Show calculations to support your answer.
ACCT 310 Managerial Accounting
Unit 5 IP Template
Name: Gina Lawter

Deer Valley Lodge Ski Resort

Determine the total investment $2,000,000 + $1,300,000 = $3,300,000
for one (1) lift cost of a lift Prep & install Total investment

Calculate the annual cash inflow X X =
(anticipated inflow from the # of skiers Days used cost of lift ticket annual cash inflow
lift tickets based on total skiers) per day

Calculate the annual cash outflow X =
(projected outflow based on # days to Cost to run annual cash outflow
cost to run the lift) run lift per day

PV of cash flows @ 14% ( - ) X =
annual cash annual cash PV of an PV of cash
inflow outflow annuity of $1 flows @ ___%

NPV - =
PV of cash total NPV
flows @ ____% investment

Recommendation:

Click here to see answer by psbhowmick(878)

Question 791858: Ok I'm studying for my exam and these word problems are killing me.
So the question is: Anthony has $25,000 to invest into two different funds. Fund A earns 4.5% simple interest. Fund B earns 5% simple interest. How much should he invest in Fund A so that he earns $1,175 in simple interest for one year?

I have tried 25000*.045x=1175
Click here to see answer by jim_thompson5910(35256)

Question 791884: Each month,telephone service charges a base rate of $10.00 and an additional rate of $0.08 per call for the first 40 calls and an additional $0.04 for every call after that. How much is charged per month for a month in which 50 calls are made?
A) 12.20
B) 12.80
C) 13.60
D) 14.40
E) 17.60
I got really close but the answer im getting is not a answer choice.I first10.08*40=403.2/30=13.44 for 40 calls. To get 50 calls I did 10.08+0.04=10.12*50=506/30=16.86 and thats not a answer choice!

Click here to see answer by solver91311(24713)

Question 792307: I have $500,000 that I recently won. Two banks have offered me options for banking with them. One bank offers 6% quarterly compounded interest and the other offers 8% annually compounded interest. Which is the better offer? Please show the math involved.
Click here to see answer by rfer(16322)

Question 792601: If a company offers a loan of $10,000 and charges 3% per year - how much would the client have to repay after 1 year?

Click here to see answer by harpazo(655)

Question 792604: If anyone can please help me solve the question and please type it step by step so I can solve questions like this in the future.
What annual simple interest rate will increase Jacob Davidson's initial investment of $5,000 to $6,000 in two years?
Click here to see answer by rfer(16322)

Question 792725: For a recent job, a plumber earned $28/h, and the plumbers apprentice earned $15/h. The plumber worked 3 hours more than the apprentice. If together they were paid $213 , how much did each earn?

Click here to see answer by stanbon(75887)

Question 792772: to accumulate $35,000 after 10 years, how much do we need at the beginning if we use 5.6%pa compounded weekly
Click here to see answer by psbhowmick(878)

Question 792818: John invested some money at 6% annual interest and three times as much at 8%. The total interest after one year was 660$. How much did he invest at each rate?
Click here to see answer by stanbon(75887)

Question 792872: Compute the amount of compound interest earned in 1 year for an investment of $1,000,000 with a nominal interest rate of 8% compounded quarterly.
Click here to see answer by rfer(16322)

Question 792862: What is the present value of $73,000 in 11 years if the interest rate is 8% compounded semiannually?
Click here to see answer by rfer(16322)

Question 792857: What is the annual percentage yield of a $10,000 investment for 1 year at 12% interest compounded monthly? (Round APY to the nearest hundredth.)
Click here to see answer by rfer(16322)

Question 793053: If 21/2 tons of stone cost %20 what will 31/2 tons cost?
Click here to see answer by rfer(16322)

Question 793057: A dealer bought some gauges for $3,500. He sold them for $5,500 making $50 on each gauge, How many gauges were involved?
Click here to see answer by rfer(16322)

Question 793108: Mardi received an inheritance of $70,000. She invested part at 1.75% and deposited the remainder in tax-free bonds at 3%. Her total annual income from the investments was $1600. Find the amount invested at 1.75%.

Click here to see answer by Rydell83(1)

Question 793122: A total of $12000 is invested in two accounts. One of the accounts earns 15% per year and the rest in an account that pays 13% per year. If the total interest earned in the first year is $1634, how much was invested in each account?
Click here to see answer by mananth(16946)

Question 793218: How do I find the answer to: Joanne invested four times as much money in an account paying 5% as she did in an account paying 6%. The total amount of interest for the year was $520. How much money did Joanne invest in each account?
Click here to see answer by mananth(16946)

Question 793232: Louise splits an investment of $21000 , a portion earning simple interest at a rate of 4 % per year and the rest earning at a rate of 6.8 % per year in such a way that the return on the total investment is 5.96%. How much money was invested at a rate of 4% and a rate of 6.8%
Click here to see answer by mananth(16946)

Question 793312: I believe this one needs the quadratic formula but I'm not entirely sure how I would set it up and solve.
In order to grow all the peppers he needs, Joe needs to double the size of his garden.He plans to extend his garden by adding a uniform strip to each side of the current 6ft by 8ft rectangular plot. how wide does the strip need to be?
Click here to see answer by Alan3354(69443)

Question 793310: I believe this one needs the quadratic formula but I'm not entirely sure how I would set it up and solve.
In order to grow all the peppers he needs, Joe needs to double the size of his garden.He plans to extend his garden by adding a uniform strip to each side of the current 6ft by 8ft rectangular plot. how wide does the strip need to be?
Click here to see answer by Alan3354(69443)

Question 793322: Ken purchases a box of cereal for $2.89, cheese for $5.04, lettuce for $1.93, and milk for $1.99. He has $15 with him. About how much change should he expect to receive?
Click here to see answer by Cromlix(4381)

Question 793387: For $1.80 a grocer buys a case of fruit which contains 12 dozen. He knows that two dozen will spoil before he sells them. At what price per dozen must he sell the good ones to gain 1/3 of the whole cost?
Click here to see answer by josgarithmetic(39613)

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