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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 847063: Robert bought a used automobile for 1,500.00. If the sales tax is 8.5%, what would the total be that Robert had to pay for the automobile?
Click here to see answer by checkley79(3341)

Question 846973:
Click here to see answer by Alan3354(69443)

Question 847206: Ruth invested a certain amount at 8% and twice that amount at 9%. If the two investments yield an annual income of 125,000, how much did Ruth invest in each?
Click here to see answer by swincher4391(1107)

Question 847280: a person works 46 hours this week. if the deductions total 4% and their net pay is 587.53$ what is their regular rate
Click here to see answer by josmiceli(19441)

Question 847321: How would you write an equation for this word problem?
-A student has a part time job at an electronics store. She earns $85 for working 12h each week, plus 5% of her sales over $1000 each week.
I need an equation and then to find the function g(5000). What i've tried is g(x)=85+0.05(x-1000) but Im not sure if it would work. I can't remember how to incorporate the percentage in the equation because wouldn't there need to be 85x since it's $85 for every 12 hours if x=hours and y=salary
Click here to see answer by stanbon(75887)

Question 847536: If something is $2.50 at the store and the state tax is 5%; how much will I spend all together?
Click here to see answer by rvfer(117)

Question 847728: Suppose that $2000 is invested at a rate of 3% , compounded quarterly. Assuming that no withdrawals are made, find the total amount after 7 years.
Click here to see answer by ewatrrr(24785)

Question 847727: what was the cost of a car before tax, if the totalcost including a 5% tax, was 8400
Click here to see answer by rvfer(117)

Question 847907: at an ice cream parlor,ice cream cones cost 1.10 and sundaes cost 2.35.one day,the receipts for the total of 172 cones and the sundaes were 294.20.how many cones were sold?
Click here to see answer by richwmiller(17219)

Question 847843: At what interest rate will $3400 become $7200 if it's compounded continuously for 13 years?
Click here to see answer by Fombitz(32388)

Question 847923: willie cabaysa invests $10200 at 8 1/2%. how much money must he invest at 7% so that his total annual income from the two investments will equal 8% of the total principal?
Click here to see answer by gksetu(9)

Question 848140: Adam invests 16,000 in an investment certificate (GIC) at pays 3 percent, compounded annually.
How much interest will he have earned after two years?
Click here to see answer by ewatrrr(24785)

Question 848158: After eating at the restaurant , Joan, Keith and Mary decided to divide the bill evenly. If each person paid 28 dollars, what was the total of the bill. Write in equation form

Click here to see answer by ewatrrr(24785)

Question 848127: Lashonda, Tom, and Michael have a total of in their wallets. Lashonda has more than Michael. Tom has times what Michael has. How much does each have
Click here to see answer by Alan3354(69443)

Question 848245: clay is going to invest 9000$, part at 3% and the rest at 3.5%. what is the most he can invest at 3% and still be guaranteed 300$ interest each year
Click here to see answer by swincher4391(1107)

Question 848248: How many years will it take for $3000 to double at a simple interest rate of 2%?

Click here to see answer by rvfer(117)

Question 848309: If $900 is put into a bank account at an interest rate of 4% how much interest will be earned in 3 years?
Click here to see answer by swincher4391(1107)

Question 848569: tom invested some money at 5% and $300 more at 7%. His total annual interest income was $81. How much did tom invest at 5%?
Click here to see answer by swincher4391(1107)

Question 848578: If a square has a side equal to the perimeter of a rectangle with adjacent sides 4cm and 5cm then the Area of that square is?

Click here to see answer by ewatrrr(24785)

Question 848628: The purchase price for all the decorations were $124 including 8% sales tax.How much were the decorations before the tax?
Click here to see answer by swincher4391(1107)

Question 848803: Ann has $425 in her checking account. She writes a check for $45,withdraws $60 from am ATM and deposits $125. Find the new balance.
I tried... 425+45=460-60=400+125=$525
please help... Thank you
Click here to see answer by ankor@dixie-net.com(22740)

Question 849322: 1,000 is placed into a savings account paying 4.5% for 3 yrs. the interest earn is??
Click here to see answer by swincher4391(1107)

Question 849282: BofA offer two programs for a car loan, 1st program offer is based on simple interest of 6.8% for four years. The 2nd program is based on a compound monthly with interest rate of 5.5% for four years. Joan is considering to borrow $12,500 to buy a car and ask your opinion for the loan. Which loan would you suggest to her and why. How much interest she will pay on both loans after 32 months?
Click here to see answer by Theo(13342)

Question 849394: a man borrow 11000 Rupees and deposit in two times annually at rate of 20%. calculate compound interest ?
Click here to see answer by stanbon(75887)

Question 849359: Find the monthly payment for the loan. (Round your answer to the nearest cent.)
A $116,000 home bought with a 20% down payment and the balance financed for 30 years at 8.5%
$
Click here to see answer by Theo(13342)

Question 849515: Find the monthly payment for the loan. (Round your answer to the nearest cent.)
A $110,000 home bought with a 20% down payment and the balance financed for 30 years at 10.5%
I got $270.11 but i don't think that is right.
Click here to see answer by swincher4391(1107)

Question 849574: A movie theater charges $9 for adults and $7 for senior citizens. On a day when 325 people paid an admission, the total receipts were $2495. How many who paid were adults? How many who paid were senior citizens?
Click here to see answer by ewatrrr(24785)

Question 849593: If an employee gets a 4% raise, which equals $8.00 per day, how much was his salary before the raise?
Click here to see answer by rvfer(117)

Question 849746: Hank invests $500.00 in a stock. The first year the stock earns an 8% return on his money. If Hank sells his stock, how much money does he have at the end of year one?
Click here to see answer by stanbon(75887)

Question 849760:
The amount of sales tax on a clothing purchase is directly proportional to the purchase price of the clothing. The sales tax on a $60 sweater is $4.20. Determine the constant of variation
Click here to see answer by stanbon(75887)

Question 849960: Water initially at 190�F. is left in a room of temperature 70�F to cool. After t minutes, the temperature T of the water is given by T(t) = 70 + 120e � 0.096 t
Find the temperature of the water 10 minutes after it is left to cool. (Round to the nearest degree.)
Click here to see answer by Alan3354(69443)

Question 849958: Suppose $4,200 is invested in an account at an annual interest rate of 6.5% compounded continuously. How long (to the nearest tenth of a year) will it take the investment to double in size?
Click here to see answer by Fombitz(32388)

Question 850023: If I buy a tv for $4600 and sell it for a 30% profit, how much did i sell the tv for?
Click here to see answer by jim_thompson5910(35256)

Question 849961: A candidate�s share of the votes varies directly as the number of votes cast for the candidate. In a city council election with four candidates, Newton received 497 votes and earned a 35% share of the votes. Potter received 568 votes. What was Potter�s corresponding share of the votes?
Click here to see answer by richwmiller(17219)

Question 850042: The Book Nook makes four times as much revenue on paperback books as on hardcover books. If last month's sales totaled $124,300, how much was sold of each type book?
Do not enter units in your answer.
Click here to see answer by stanbon(75887)

Question 850118:
A principal of $7500 is invested in an account paying an annual rate of 7%. Find the amount in the account after 3 years if the account is compounded semiannually, quarterly and monthly.

Click here to see answer by checkley79(3341)

Question 850150: What rational equation would I use to solve the problem:
Amy invested a total of $21,000 in stocks and bonds. If the amount invested in bonds is half that invested in stocks, how much is invested in each category?
Thank you!
Dana :)
Click here to see answer by rothauserc(4718)

Question 850178: If a dryer is 779$ including a tax of 0.08 times the list price what is the list price of the dryer to the nearest cent
Click here to see answer by rvfer(117)

Question 850222: 1. The carrying case for a laptop computer measures 17 inches long by 14 inches wide by 6 inches deep. Determine the volume of the case.
17.14.4= 1428
2. Peter put $6000 into savings earning 3 1/2 percent interest per year. When he withdrew his money. He received $840 interest. How long had he left his money in the account?
3. The property tax in city of Hendesonville, North Carolina is $9.475 per $1000 of assed value. If the Esteve's house is assessed at $145,000, how much property tax will they owe?
4. Suppose that exchange rate from U.S dollars to Mexico pesos is $1 per 10.1 pesos. How much pesos would Elizebeth receive if she exchanged $200 U.S?
5. Slove the following inequality and graph the solution on a number line.
-4.6(4-x)<2.4(x-3)-0.2
Click here to see answer by richwmiller(17219)

Question 850213: Suppose you deposit $100 in a bank and receive 4% per year compound interest for 7 years, compounded monthly. Find the amount after 7 years. Round to the nearest dollar.
Would the formula be be set up like
(100*.4*7)+100

Click here to see answer by checkley79(3341)

Question 850269: For a seven year period, Mike deposited $600 each quarter into an account paying 4.8%
annual interest compounded quarterly. (Round your answers to the nearest cent.)

(a) How much money was in the account at the end of 7 years? Show work.

(b) How much interest was earned during the 7 year period?
Click here to see answer by harpazo(655)

Question 850412: One day a store sold a total of 178 pencils and notebooks. The cost of a pencil is $0.25 and the cost of a notebook is $0.50. The store collected $58.75 from the sale of these items. The store lost the receipt for the day. How would you help the store determine how many of each item the store sold that day?
I do not need a definite answer, like x=34, I would like to know the "method" you would use to solve such a word problem. Could you please write an equation if there is one and explain why you would choose such a method.
Thank you
Click here to see answer by josmiceli(19441)

Question 850481: One day a store sold a total of 178 pencils and notebooks. The cost of a pencil is $0.25 and the cost of a notebook is $0.50. The store collected $58.75 from the sale of these items. The store lost the receipt for the day. How would you help the store determine how many of each item the store sold that day?
Please help me solve this and please tell me the "method" you would use to solve this. Along with that, please explain why you would choose that method.
Thank you, and please respond with haste.
Click here to see answer by fcabanski(1391)

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