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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 836095: After christmas, a store reduces all holiday items by 50% A week later, all remaining holiday merchandise is reduced by 50% again. What is the overall reduction?
Click here to see answer by checkley79(3341)

Question 836211: You are at a restaurant and the total bill, including meal (food & tax) is $85.00. You left an 18.5% tip. How much was the meal?
I assume this is how much is the meal w/tax? Right? Because you can't know the rate of the tax from the information given.
$85.00
-18.5 % ($15.73)
equals
$69.27paid for the meal including taxes
Click here to see answer by richwmiller(17219)

Question 836220: How much simple interest would I earn on $300 at 6% for 6 months?
Click here to see answer by jim_thompson5910(35256)

Question 836349: The annual interest on a $6000 investment exceeds the interest earned on a $5000 investment by $70. The $6000 is invested at a 0.5% higher rate of interest than the $5000. What is the interest rate of each investment
Click here to see answer by mananth(16946)

Question 836377: What is the interest earned on a $365084 investment at 6 and 1 half% for 9 months? Please show all work.
Click here to see answer by Alan3354(69443)

Question 836409: 1.A man deposits P5000 in a savings bank. If an interest of 7% is added to the principal at the end of each year, how much is his account at the end of 10years?
2.The value of a car at the end of each years is 2/3 of its value at the beginning of the year. Find the value of P385000 car after 5 years.
3.The population of a certain city is 950000. If the rate of increase is 10% each year, what will the population be at the end of 5 years?
4.A ball is thrown vertically upward to a height of 50 feet. Every time the ball strikes the ground, it rebounds 1/2 of the previous height. How far has the ball traveled up and down when it strikes the ground 6th time?
Click here to see answer by psbhowmick(878)

Question 836537: The owner of a pizza parlor wants to make a profit of 80% of the cost for each pizza sold. If it costs $1.95 to make a pizza, at what price should each pizza be sold?
Click here to see answer by richwmiller(17219)

Question 836583: Hello, I don't know if this is a linear equation or not, sorry.
My question is: I need a formula to calculate the total cost of something. But the more I have, the more it costs.
Example:
Price per unit: $10
Price for second unit: $15
Price for third unit: $20
So for every extra unit I have, it will add $5.
Formula/equation I need is:
Find Total cost. I have 5 units on hand ($100). I need to purchase another 10 units. So it should add $105 (6th unit) + $110 + $115 ... + $145 (9th unit) + $150 (10th unit).
Would be nice to have a formula where I can plug in the numbers. For example, I have 5 units on hand so my next starting cost would be $105, and I will buy 7 more units, then my total price would be x.
Thank you very much for your time.
Click here to see answer by richard1234(7193)

Question 836591: The purity of gold is measured in karats, with pure gold being 24 karats. Other purities of gold are expressed as proportional parts of pure gold. How much pure gold should be mixed with 12-karat gold to obtain 72 grams of 18-karat gold?
Click here to see answer by ankor@dixie-net.com(22740)

Question 836838: A ball is thrown vertically upward to a height of 50 feet. Every time the ball strikes the ground, it rebounds 1/2 of the previous height. How far has the ball traveled up and down when it strikes the ground 6th time?
Click here to see answer by thejackal(72)

Question 837169: A purse contained $3.90 in nickels, quaerters and half-dollars. the number of half-dollars exceeded 1/3 of the number of quarters by 2. There were 3/4 as many quarters as nickels. How many pieces of each kind of coin were in the purse?
Click here to see answer by lwsshak3(11628)

Question 837226: For a given interest. Simple interest varies jointly as principle and time. IF $5000 is left in an account for 8 years and earns interest of $1600 how much interest would be earned if you deposited $10,000 for 7 years?
Click here to see answer by Theo(13342)

Question 837299: What number is 9 percent of 3,000
Click here to see answer by thejackal(72)

Question 837246: What expressions could give the total amount of a $45 restaurant bill with a 15% tip added on?
Click here to see answer by joliuwe9i(1)

Question 837387: Carlos works Mon - Fri and sometimes Sat. Last week he worked 38 hours. Mon - Fri he earns $8.50, Sat $12.75, Last week he earned $340. How many hours did he work on Sat?
Click here to see answer by Edwin McCravy(20054)

Question 837858: Christine made $255.00 for 17 hours of work.
at the same rate how much would she make for 9 hours?
Click here to see answer by rfer(16322)

Question 837853: how much longer do i need to save if i have 137 in the bank and i save 16.50 a week for a tablet
Click here to see answer by richard1234(7193)

Question 837961: Steven purchases a car for$90,000. If the value of the car decreases per year, what is the average rate of decrease if the value of the car is $30,000 after 8 years?
Click here to see answer by stanbon(75887)

Question 837985: At the end of the day, a storekeeper had $3644.03 in the cash register, counting both the sale of goods and the sales tax of 12%.
Find the amount of the tax?
Click here to see answer by richwmiller(17219)

Question 838127: A company invested $32,000, putting part of it into a savings account that earned 3.9% annual simple interest and the remainder in a stock fund that earned 12.9% annual simple interest. If the investments earned $1878 annually, how much was in each account?
savings account:
stock fund:
Click here to see answer by mananth(16946)

Question 838169: The total return from $10,000 and $28,000 was $1,750. If his investment were interchanged the total return will be $1,480. what are the rates of return of each investment?
Click here to see answer by josmiceli(19441)

Question 838192: At Reliable's Trucking,Inc., annual sales are predicted to increase over the next 3 years at a rate of 6% per year. Sales equate to "fleet miles." If Reliable's fleet miles are predicted to reach 4.4 million in 3 years, what is the number of fleet miles today? Round to the nearest tenth of a million.
a) 2.45 million
b)1.5 million
c)6.724 million
d)3.694 million
Click here to see answer by Theo(13342)

Question 838191: City Wide Delivery Service uses vans costing $24800 each. How much will the company have to invest today to accumulate enough money to buy six new vans at the end of 4 years? City Wide's bank is currently paying 12% interest compounded quarterly.
a)92727
b)24500
c)15000
d) 14525
Click here to see answer by Theo(13342)

Question 838304: What would %$5,00 invested for 9 years at 11 percent compounded annually will accumulate to, rounded to the nearest cent?
Click here to see answer by rfer(16322)

Question 838327: A jazz group on tour has been drawing average crowds of 600 people. It is projected that for every $1 increase in the $12 ticket price, the average attendance will decrease by 75. At what ticket price will nightly receipts be $6,300?
Click here to see answer by josmiceli(19441)

Question 838385: You invested a total of $20,000 at 3% and
4 1/2% simple interest. During one year, the two accounts earned $825. How much did you invest in each account?
Click here to see answer by ewatrrr(24785)

Question 838530: A house was purchased for $90,000 in 1995. If the value of the home increases 5% per
year, what is it worth in the year 2020?
Click here to see answer by stanbon(75887)

Question 838593: A newspaper earns a profit of $20 per year for 3000 subscribers. They project that the profit will increase by .01 for each additional subscriber...how many subscribers are needed to bring the total profits to $138125.....
Click here to see answer by LinnW(1048)

Question 838682: If a person is paid 2,300 for a month of work how much are they paid on an hourly bases.
Click here to see answer by ewatrrr(24785)

Question 838706: if I put $500 in a savings account earning 4% interest over 5 years. what's the total amount of money earned in interest???
Click here to see answer by rfer(16322)

Question 838759: I don't know where to start, please help!
Albert invests money in three accounts that pay 4%, 10%, and 15%. He has two times as much money invested at 10% than he does at 15%. If the total amount he has invested is $4,950 and his interest for the year comes to $520, how much money does he have in each account?
I know how to do it when there are only two varialbes, but no clue how to do it where there are three.
Click here to see answer by Fombitz(32388)

Question 838868: Six hundred people attended the premiere of a motion picture. Adult tickets cost $6, and children were admitted for $3. If box office receipts totaled $2940, how many children attended the premiere?
Click here to see answer by josmiceli(19441)

Question 838891: The admission fee at a fair is $2 for children and $4 for adults. On a certain day, 2,000 people enter the fair and $6,000 is collected. How many children and how many adults went to see the fair on that day?
Just need some help! Thank you in advanced.
Click here to see answer by ankor@dixie-net.com(22740)

Question 838986: A radiator contains 8 liters of a 25% antifreeze solution. How much should be drained and replaced with pure antifreeze to produce a 45% antifreeze solution? (Round your answer to two decimal places.)
Click here to see answer by josgarithmetic(39616)

Question 839158: you invested $29,000 in two accounts paying 3% and 8% annual interest, respectively. If you total the interest earned for the year was $1220, how much was invested at each rate?
Click here to see answer by stanbon(75887)

Question 839164: Equal amounts are invested in each of three accounts paying 3%, 8%, and 12.5% annually. If one year's combined interest income is $963.50, how much is invested in each account?
Click here to see answer by mananth(16946)

Question 839795: what is 4900 whith 12% intrest?

Click here to see answer by stanbon(75887)

Question 839874: Phyllis invested $8,000, a portion earning a simple interest rate of 3 1/4%
per year and the rest earning a rate of 3% per year. After one year the total interest earned on these investments was $256.25. How much money did she invest at each rate?
Click here to see answer by ewatrrr(24785)

Question 839932: The compound total for each dollar invested at 10% interest for 17 years compounded annually is:

1.01000

1.10000

1.18430

5.05447

none of the above

Click here to see answer by rfer(16322)

Question 839933: Interest compounding:

calculates interest periodically

is done only once a year

calculates the present when the future is known

results in less interest than simple interest

none of the above

Click here to see answer by rfer(16322)

Question 840187: the manager of a store selling tea plans to mix a more expensive tea that costs $7 per pound with a less expensive tea that cost $2 per pound to create a 50 pound blend that will sell for $6 per pound. How many pound of each type of tea are required?

Click here to see answer by josgarithmetic(39616)

Question 840285: How long will it take me to become a millionaire if I invest $300,000 at 6.2% interest?
Click here to see answer by Alan3354(69443)

Question 840283: If I invest $13,000 at 4.6% interest, when will my investment double in value?
Click here to see answer by Alan3354(69443)

Older solutions: 1..45, 46..90, 91..135, 136..180, 181..225, 226..270, 271..315, 316..360, 361..405, 406..450, 451..495, 496..540, 541..585, 586..630, 631..675, 676..720, 721..765, 766..810, 811..855, 856..900, 901..945, 946..990, 991..1035, 1036..1080, 1081..1125, 1126..1170, 1171..1215, 1216..1260, 1261..1305, 1306..1350, 1351..1395, 1396..1440, 1441..1485, 1486..1530, 1531..1575, 1576..1620, 1621..1665, 1666..1710, 1711..1755, 1756..1800, 1801..1845, 1846..1890, 1891..1935, 1936..1980, 1981..2025, 2026..2070, 2071..2115, 2116..2160, 2161..2205, 2206..2250, 2251..2295, 2296..2340, 2341..2385, 2386..2430, 2431..2475, 2476..2520, 2521..2565, 2566..2610, 2611..2655, 2656..2700, 2701..2745, 2746..2790, 2791..2835, 2836..2880, 2881..2925, 2926..2970, 2971..3015, 3016..3060, 3061..3105, 3106..3150, 3151..3195, 3196..3240, 3241..3285, 3286..3330, 3331..3375, 3376..3420, 3421..3465, 3466..3510, 3511..3555, 3556..3600, 3601..3645, 3646..3690, 3691..3735, 3736..3780, 3781..3825, 3826..3870, 3871..3915, 3916..3960, 3961..4005, 4006..4050, 4051..4095, 4096..4140, 4141..4185, 4186..4230, 4231..4275, 4276..4320, 4321..4365, 4366..4410, 4411..4455, 4456..4500, 4501..4545, 4546..4590, 4591..4635, 4636..4680, 4681..4725, 4726..4770, 4771..4815, 4816..4860, 4861..4905, 4906..4950, 4951..4995, 4996..5040, 5041..5085, 5086..5130, 5131..5175, 5176..5220, 5221..5265, 5266..5310, 5311..5355, 5356..5400, 5401..5445, 5446..5490, 5491..5535, 5536..5580, 5581..5625, 5626..5670, 5671..5715, 5716..5760, 5761..5805, 5806..5850, 5851..5895, 5896..5940, 5941..5985, 5986..6030, 6031..6075, 6076..6120, 6121..6165, 6166..6210, 6211..6255, 6256..6300, 6301..6345, 6346..6390, 6391..6435, 6436..6480, 6481..6525, 6526..6570, 6571..6615, 6616..6660, 6661..6705, 6706..6750, 6751..6795, 6796..6840, 6841..6885, 6886..6930, 6931..6975, 6976..7020, 7021..7065, 7066..7110, 7111..7155, 7156..7200, 7201..7245, 7246..7290, 7291..7335, 7336..7380, 7381..7425, 7426..7470, 7471..7515, 7516..7560, 7561..7605, 7606..7650, 7651..7695, 7696..7740, 7741..7785, 7786..7830, 7831..7875, 7876..7920, 7921..7965, 7966..8010, 8011..8055, 8056..8100, 8101..8145, 8146..8190, 8191..8235, 8236..8280, 8281..8325, 8326..8370, 8371..8415, 8416..8460, 8461..8505, 8506..8550, 8551..8595, 8596..8640, 8641..8685, 8686..8730, 8731..8775, 8776..8820, 8821..8865, 8866..8910, 8911..8955, 8956..9000, 9001..9045, 9046..9090, 9091..9135, 9136..9180, 9181..9225, 9226..9270, 9271..9315, 9316..9360, 9361..9405, 9406..9450, 9451..9495, 9496..9540, 9541..9585, 9586..9630, 9631..9675, 9676..9720, 9721..9765, 9766..9810, 9811..9855, 9856..9900, 9901..9945, 9946..9990, 9991..10035, 10036..10080, 10081..10125, 10126..10170, 10171..10215, 10216..10260, 10261..10305, 10306..10350, 10351..10395, 10396..10440, 10441..10485, 10486..10530, 10531..10575, 10576..10620, 10621..10665, 10666..10710, 10711..10755, 10756..10800, 10801..10845, 10846..10890, 10891..10935, 10936..10980, 10981..11025, 11026..11070, 11071..11115, 11116..11160, 11161..11205, 11206..11250, 11251..11295, 11296..11340, 11341..11385, 11386..11430, 11431..11475, 11476..11520, 11521..11565, 11566..11610, 11611..11655, 11656..11700, 11701..11745, 11746..11790, 11791..11835, 11836..11880, 11881..11925, 11926..11970, 11971..12015, 12016..12060, 12061..12105, 12106..12150, 12151..12195, 12196..12240, 12241..12285, 12286..12330, 12331..12375, 12376..12420, 12421..12465, 12466..12510, 12511..12555, 12556..12600, 12601..12645, 12646..12690, 12691..12735, 12736..12780, 12781..12825, 12826..12870, 12871..12915, 12916..12960, 12961..13005, 13006..13050, 13051..13095, 13096..13140, 13141..13185, 13186..13230, 13231..13275, 13276..13320, 13321..13365, 13366..13410, 13411..13455, 13456..13500, 13501..13545, 13546..13590, 13591..13635, 13636..13680, 13681..13725, 13726..13770, 13771..13815, 13816..13860, 13861..13905, 13906..13950, 13951..13995, 13996..14040, 14041..14085, 14086..14130, 14131..14175, 14176..14220, 14221..14265, 14266..14310, 14311..14355, 14356..14400, 14401..14445, 14446..14490, 14491..14535, 14536..14580, 14581..14625, 14626..14670, 14671..14715, 14716..14760, 14761..14805, 14806..14850, 14851..14895, 14896..14940, 14941..14985, 14986..15030, 15031..15075, 15076..15120, 15121..15165, 15166..15210, 15211..15255, 15256..15300, 15301..15345, 15346..15390, 15391..15435, 15436..15480, 15481..15525, 15526..15570, 15571..15615, 15616..15660, 15661..15705, 15706..15750, 15751..15795, 15796..15840, 15841..15885, 15886..15930, 15931..15975, 15976..16020, 16021..16065, 16066..16110, 16111..16155, 16156..16200, 16201..16245, 16246..16290, 16291..16335, 16336..16380, 16381..16425, 16426..16470, 16471..16515, 16516..16560, 16561..16605, 16606..16650, 16651..16695, 16696..16740, 16741..16785, 16786..16830, 16831..16875, 16876..16920, 16921..16965, 16966..17010, 17011..17055, 17056..17100, 17101..17145, 17146..17190, 17191..17235, 17236..17280, 17281..17325, 17326..17370, 17371..17415, 17416..17460, 17461..17505, 17506..17550, 17551..17595, 17596..17640, 17641..17685, 17686..17730, 17731..17775, 17776..17820, 17821..17865, 17866..17910, 17911..17955, 17956..18000, 18001..18045, 18046..18090, 18091..18135, 18136..18180, 18181..18225, 18226..18270, 18271..18315, 18316..18360, 18361..18405, 18406..18450, 18451..18495, 18496..18540, 18541..18585, 18586..18630