Tutors Answer Your Questions about Money Word Problems (FREE)
Question 843281: Luigu plans on investing 4000 coins he has collected from his travels into two accounts. The grumpy Goomba account earns 3% simple interest and the Bashful boo account earns 7% simple interest. How much money should he invest into the Bashful boo account so he can earn 186 coins at the end of the year?
Click here to see answer by 1335(25)  |
Question 843484: Mang Lorenzo, a gardener, can mow a lawn in 3hours. After 2 hours it rained and he stopped moving the lawn. In the afternoon. Aling Tina, completed the rest of the work in one hour and 30 minutes. How long would it take aling Tina to mow the lawn by herself? ( answer is 2hours and 22minutes - show your solution )
Click here to see answer by KMST(5328)  |
Question 843877: A man invested $5,000 in two mutual funds. Last year one of the funds went up by 7% and the other fund went down by 4%. If his portfolio increased in value by $130 last year, how much did he invest in the fund that earned a 7% profit?
Click here to see answer by smith123(15)  |
Question 844016: You will be traveling abroad and trying to decide which cell phone company is the best for you. You are comparing two that both charge the a base rate per month plus and additional charge per minute of use. Each cell phone company charges differently
Company A: Charges $140 per month plus $0.20 per minute
Company B: charges $65 per month plus $0.50 per minute
Click here to see answer by stanbon(75887) |
Question 844305: I am having trouble setting up these problems, I do not know which formula to use r=I/pt or I=Prt
An investor earned $1080 on an investment of $60,000 in 45 days. Find the annual simple interest rate earned on the investment.
Capitol City Bank approves a home-improvement loan application for $17,000 at an annual simple interest rate of 9.75% for 270 days. What is the maturity value of the loan?
Click here to see answer by Theo(13342)  |
Question 844388: A popular teen boy band is coming to your city for 3 performances. If the price per ticket range from $25.00 for balcony seats, $40.00 for main floor rear seats and $55.00 for main floor front seats what is this average ticket cost?
Click here to see answer by fcabanski(1391) |
Question 845684: Question: Mrs. Mayor invested $1400.00, part at 5% and part at 8%. Her total annual income from her investment was $100.00. Find the amount she invested in both.
I AM TRYING TO HELP MY DAUGHTER WITH HER MATH - I WAS VERY GOOD AT MATH IN SCHOOL - BUT AM QUITE RUSTY... WHAT I'M LOOKING FOR IS THE DIRECTIONS - STEP BY STEP - AS TO HOW TO WRITE THE EQUATION - AND HOW TO SOLVE. WHAT I'D LIKE IS TO BE ABLE TO SEE WHAT WOULD NORMALLY BE IN THE BEGINNING OF THE CHAPTER OF HER MATH BOOK. SHE DOESN'T HAVE ONE - SO I AM UNABLE TO LOOK IT UP THAT WAY... I NEED A MINI REFRESHER COURSE! PLEASE HELP! AS MANY DETAILS & INSTRUCTION AS YOU CAN PLEASE!
Click here to see answer by ewatrrr(24785)  |
Question 845986: sam and mark have the same money .
sam buys 4 sweets and has 5p left over.
mark buys 2 sweets and has 11p left over
form an equation where s stands for the price of sweets and how much money sam had at the start to spend
Click here to see answer by stanbon(75887) |
Question 845986: sam and mark have the same money .
sam buys 4 sweets and has 5p left over.
mark buys 2 sweets and has 11p left over
form an equation where s stands for the price of sweets and how much money sam had at the start to spend
Click here to see answer by josmiceli(19441)  |
Question 845995: You have already invested $300 in a stock with an annual return of 11%. How much of an additional $1,300 should be invested at 12% and how much at 6% so that the total return on the entire $1,600 is 9%? (Round each answer to the nearest cent.)
Click here to see answer by stanbon(75887) |
Question 846567: There are 49,000 seats in a sports stadium. Tickets for the seats in the upper level sell for $25, the ones in the middle level cost $30 and the ones in the lower level are $35 each. The number of seats in the middle and bottom levels together equal the number of seats in the upper level. When all of the seats are sold for an event, the total revenue is $1,419,500. How many seats have been sold in the upper level?
Click here to see answer by richwmiller(17219)  |
Question 846572: I want to accumulate $120,000 in 30 years. Plan A is a single deposit into an account that compounds annually and an apr of 5% plan B is a single deposit into an account with continuous compounding and an apr of 4.8%
How much do I need to deposit into each account in order to reach my goal
Click here to see answer by Theo(13342)  |
Question 846746: Frank makes and sells small picture frames. His revenue from sales can be represented as R=$13.60x for x frames sold. The cost of making the frames can be represented as C=$5.80x +$120 for x frames made. What is the minimum number of frames Frank must sell in order for his revenue to be greater than his costs.
Please help, I can't wrap my head around this one. Thanks, Karl
pistolpest2000@yahoo.com
Click here to see answer by josmiceli(19441)  |
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