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

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Question 832730: the value of a new car purchased for 36000 decreases 7.5% each year how long will it take for the value of the car to reach 20000
Click here to see answer by stanbon(75887)

Question 832898: A 1-pound box of candy cost $4.00. What was the cost per ounce(1 pound = 16 ounce)?
Click here to see answer by JulietG(1812)

Question 832893: How long,to the nearest tenth of a year, will it take me to become a millionaire if I invest $1,000 at 10% interest compounded continuously?
Click here to see answer by willie101(1)

Question 833115: including 6.1% sales tax, a diamond ring sold for $2864.70. Find the price of the ring before the tax was added. Round to nearest cent.
Click here to see answer by JulietG(1812)

Question 833147: 600 invested for 3 years at 25%
What is the interest per year
Click here to see answer by JulietG(1812)

Question 833127: Please help :(
Sheila placed her savings in two investments. The interest rate on investment A is 10% and 12% on investment B. The annual income from the two investments would be $3760. However, if the rates are interchanged her annual income would go down to $3720. What is the total amount of her savings?
Thank you!
Click here to see answer by ankor@dixie-net.com(22740)

Question 833206: Equal amounts are invested at�4%, 7%, and�8%�annual interest. If the three investments yield a total of�$798�annual interest, find the total investment.
Click here to see answer by richwmiller(17219)

Question 833446: Betsy, a recent retiree, requires $5,000 a year per extra income. She has $70,000 to invest and can invest in B-rated bonds paying 17% per year or in a certificate of deposit (CD) paying 7% a year. How much money should be invested in each to realize exactly $5,000 in interest each year?
The amount invested at 17% is??
The amount invested at 7% is??
Click here to see answer by lwsshak3(11628)

Question 833426: A condominium owner cleared $114,600 on the sale of his condo, after paying a 4.5% real estate commission. What was the selling price?

Click here to see answer by checkley79(3341)

Question 833569: Sales tax on a $15 compact disc is $0.75. At what rate r is sales tax computed?

Click here to see answer by richwmiller(17219)

Question 833682: Kenneth worked 10 hours this week and made $150. If he works 15 hours next week at the same pay rate, how much will he make?��
Click here to see answer by unlockmath(1688)

Question 833690: A bakery sells muffins for a 1.00. it costs the bakery 5.00 to make 20 muffins. what percent of money is profit
Click here to see answer by rfer(16322)

Question 833727: I can't figure out how to set this problem up. I tried .3x=12950 but i know that's wrong because it's 30% of the new total and not the original principle. please help. All I need is to know how to set it up and then I can solve it.
here is the problem:
Due to a slump in the economy, a mutual fund has dropped by 30% from last year to this year. If the fund is now worth $12,950, how much was the fund worth last year?
thank you.
Click here to see answer by josgarithmetic(39613)

Question 833916: A lawn mower cost $450 when new and is expected to last 10 years. What will it be worth in 6.5 years?
Click here to see answer by josmiceli(19441)

Question 833974: A woman invests $8000
-Part of it at 11% and the remainder at 12%
-Her yearly total interest for the two investments is $930
How much did she invest at each rate?
Click here to see answer by DrBeeee(684)

Question 834075: David earns $1.50 per hour more than Peter. Together they both work 40 hours in a week. How much money per hour do David and Peter earn?
Click here to see answer by josgarithmetic(39613)

Question 834126: How do you solve the problem of split investments? A man investing $12,000, part at 7% and the rest at 9%. If the annual outcome from the investments are $956, how much was invested at each rate?
Click here to see answer by ankor@dixie-net.com(22740)

Question 834294: A salesperson receives a weekly salary of $500. In addition, $5 is paid for every item sold in excess of 200 items. How much extra is received from the sale of 215 items?
Click here to see answer by richwmiller(17219)

Question 834351: Lisa has a certain amount of money. She spent 39 dollars and has 3/4 of the original amount left. How much money did she have originally?
Click here to see answer by Alan3354(69443)

Question 834345: In 1902 you could buy 44 loaves of bread for the cost of one loaf in 2006. If a loaf of bread in 2006 cost 1.72 more than a loaf of bread in 1902, what was the cost of bread in 1902?
Click here to see answer by edjones(8007)

Question 834092:
Click here to see answer by tommyt3rd(5050)

Question 834625: How long would it take to triple your money if you invest it at 3% simple interest?
Click here to see answer by Fombitz(32388)

Question 834641: What annual rate of interest would you have to earn on an investment of $3000 to ensure receiving $201.00 interest after 1 year?
Click here to see answer by Fombitz(32388)

Question 834798: If the interest is $13.75 what is the principal
Click here to see answer by Alan3354(69443)

Question 834958: Find the balance after $12000 was invested for 3 years at 30% compounding annually?
Click here to see answer by Theo(13342)

Question 835077: two cars leave from the same point at the same time, traveling in opposite directions. one travels 15 mph slower than the other. after 6 hours, they are 639 miles apart. Find the rate of each car.
Click here to see answer by josgarithmetic(39613)

Question 835073: Walter's savings account has a balance of $273. After 5 years, what will the amount of interest be at 5% compounded quarterly?

Click here to see answer by rfer(16322)

Question 835071: an assistant receives a 2% raise, bringing the salary to 42808. What was the salary before the raise?
Click here to see answer by rfer(16322)

Question 835509: If a loan of $30,000 had a simple rate of 3.5% and there was $10,500 in terest how long did it take to repay the loan?
Click here to see answer by Theo(13342)

Question 835520: A shopkeeper buys 35 radios for �435.75. If she sells them at �15 each, what is her percentage profit?
Click here to see answer by LinnW(1048)

Question 835533: A radio costs �21.60 in a sale. If it had a reduction of 10%, what was its original price?
Click here to see answer by LinnW(1048)

Question 835522: A car was bought at the beginning of 1994. During the first year it depreciated in value by 23% and then by 9% each subsequent year. If it's original price was �9,000, what was its value at the end of 1997, to the nearest pound?
Click here to see answer by josmiceli(19441)

Question 835743: A refrigerator is discounted 25% for an end year sale. If the regular price is $680, how much is saved if the refrigerator is purchased during the sale?
Click here to see answer by rfer(16322)

Question 835716: a new car sells for 18000 depreciates 25% a year. what is the value after 4 years?
(this is just an example so i know how to do the rest)
Click here to see answer by rfer(16322)

Question 835793: how do I find if I deposit $1500 in a savings account that pays 6 percent annual interest how many years will it take to be $2500? I have 2500 = 1500(1+ .06)t how do I find t

Click here to see answer by jim_thompson5910(35256)

Question 835785: Suppose you deposit $2000 in a savings account that pays interest at an annual rate of 4%. If no money is added or withdrawn from the account, how many years will it take for the account to contain $2500?
A(t)=a(1+r)^t
2500=2000(1+.04)^x
Click here to see answer by josgarithmetic(39613)

Question 835832: Julie invested 5355 dollars in a stock. the first 7 years it went down by 22 percent each year. The following 9 years it went up by 38 percent each year. How much money does Julie have at the end?
Click here to see answer by Theo(13342)

Question 835839: a man invested an
amount of Rs 12000 at the
rate of 10% p.a. S.I. And
another amount at the rate of
20%p.a. The total interest
earned at the end of 1 yr on
the total amount invested
become 14%p.a. Find the total
amount invested
Click here to see answer by mananth(16946)

Question 835930: in how much time will a certain sum be 1.5 times the principal at 10% per annum?
Click here to see answer by DrBeeee(684)

Question 835949: I want to have a college fund of $95,000. in 15 years. What should my initial deposit be today with an APR of 6% compounded daily? TY
wineaux0419@yahoo.com
Click here to see answer by stanbon(75887)

Question 835966: An executive invests $28,000, some at 8% and some at 6% annual interest. If he receives an annual return of $2,000, how much is invested at each rate?
Click here to see answer by stanbon(75887)

Question 835128: Ms. Dinero wants to invest $2,300 compounded annually for 6 years with a balance of $4,200 at the end of that time period. At what rate would she have to invest her money to achieve that goal? (Round to the nearest hundreth)
I set up the compound interest formula like this: 4200=2300(1+(x/1))^6 but don't know what to do after I divided each side by 2300. Help please! I can't figure out how to get the variable alone
Click here to see answer by Fombitz(32388)

Question 836020: a sofa cost $398 and sells for $636.80 what is the rate of markup?
Click here to see answer by rfer(16322)

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