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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 11863: Kevin earned $165 interest for 1 year on an investment of $1500. At the same rate, what amount of interest would be earned by an investment of $2500?
Click here to see answer by askmemath(368)

Question 12409: Please help me with this word problem.
During a recent telehon, people pledged $25 or $50. Twice as many people pledged $25 as $50. Altogether, $18,000 was pledged. How many people pledged $25?
Thank you for your time.
Truly,
Kat
Click here to see answer by askmemath(368)

Question 12631: If an employee makes $28,130 a year and is paid once a month, what would the take home amount per month be? (does not include money taken out for taxes, etc)
Click here to see answer by askmemath(368)

Question 12829: Find the number of units sold that produces a maximum revenue from the total revenue funtion, R=600x-.9x^2
(in dollars)and x is the number of units sold, solve for x.
Click here to see answer by AdolphousC(70)

Question 13110: Kerri and her friends went out for pizza. The total bill was $28.96 and they wanted to leave a 15% tip. How much tip should they leave?
Click here to see answer by dizzydee53538(2)

Question 13175: In a large class, 80 students took a test. When the test papers were graded, it was founf that 10% of the students had A's. 25% of the students had B papers 30% of the students had C papers 15% of the students had D papers, and the rest failed the test. How many students failed the test?
Click here to see answer by akmb1215(68)

Question 13174: The Regal Book Store has 100 overstocked books to sell. The manager is going to mark some of the books $2 each and the remaining books $3 each. How many books must be priced at each price to recieve $245?
Click here to see answer by akmb1215(68)

Question 13172: some health insurance plans are designed so that once the deductible has been met, the patient pays only 20% of alldr. bills. Once the deductible is met, how much would the patient pay on a bill of $120?
Click here to see answer by akmb1215(68)

Question 13356: Invest $30,000 and receive $2,300 in interest. Part was invested at 10% and remainder at 5%. How much was invested at each rate?
Click here to see answer by rapaljer(4671)

Question 13360: In 1990, video rental revenue was $0.27 billion more than twice video sales. Together these sales amounted to $9.81 billion. What was the revenue from each of these sources? Use x = amount of the video sales.
Can you please help me solve this word problem?
Click here to see answer by rapaljer(4671)

Question 13368:
Click here to see answer by elima(1433)

Question 13368:
Click here to see answer by kunal_122(19)

Question 13261: A retiree divides his pension portfolio of $270,000 between a conservative mutual fund paying at a rate of 4% and high risk bonds paying at a rate of 8%. Both investments pay the same amount of interest anually. How much is invested in each investment?
Click here to see answer by Earlsdon(6294)

Question 13554: Two hot dogs and one hamburger cost $3.39. Three hot dogs and three hamburgers cost $6.57. What is the cost of one hot dog?
Click here to see answer by LilSkittleMd(119)

Question 13841: I don't even know where to begin on this problem.
Cameron invested three times as much money at 7.95% as he invested at 6.5%. If his yearly simple interest is $282.26, how much money was invested at 6.5%?

I have a hard time solving these kinds of problems. I use a chart to work these problems out. It seems like so much is left out of the word problem.
Click here to see answer by LilSkittleMd(119)

Question 14141: Before I go crazy, may I please ask for your help on this?:
A grocer needs to mix cashews worth $6 per lb with peanuts worth $2 per lb to obtain 10 lbs of a mixture worth $3 per lb. How many lbs of each kind of nut must be used? Thanking you now!!
Click here to see answer by askmemath(368)

Question 15069: Mitch invested $7500 for 1 year, part at 12% annual intrest and the rest at 10% annual intreast. His total intrest for one year was 890. How much money did he invest at 12%.
Click here to see answer by bam878s(77)

Question 15596: Can you help me with this question?
At the end of the first year an account earning 3% interest earns $126 in interest. How much money was deposited in the account at the start of the year?
Click here to see answer by pwac(253)

Question 15905: Can you help me with this?
An individual has a total of $1000 in 2 banks. The first bank pays 8% interest per year, the second bank pays 10%. If the person receives $86 in interest in the first year, how much money must have been deposited in each bank?
Thank you for you help!
Click here to see answer by Earlsdon(6294)

Question 16507: The general manager of Frozenaire Refrigerator Company determines that on Monday it cost the company a total of $25,000 to build 30 refrigerators and on Tuesday it cost $30,000 to build 40 refrigerators. Determine for him the company's daily fixed costs and their marginal cost (that is, the cost to build one refrigerator).
Click here to see answer by foleysdad(7)

Question 16508: If a plumber charges $35 for a house call plus $50 for every hour worked, write an equation that could be used to calculate the total cost of plumber's visit as a function of time.

Use your equation to find the total charges if the plumber worked for 2 1/2 hours?
Click here to see answer by kunal_122(19)

Question 16672: Orla puts $37,000 in a 3 month term-deposit, earning a simple interest rate of 4.25% pa. After the 3 months, she then takes the principal and the interest from the first investment and puts it in another term-deposit with exactly the same conditions.
a) What amount of interest would be earned on the first term-deposit

Click here to see answer by mini_s(2)

Question 16650: Mrs. Lynch has 21 coins in nickles and dimes. Thier total value is $1.65. How many of each coin is there
Click here to see answer by bam878s(77)

Question 16752: How many years will it take $5,000 to grow to $7,500 if it is invested at 8% compounded semiannually?
Compounded continously?
Click here to see answer by bam878s(77)

Question 17958: a dentist invested a portion of $15,000 in a 7% annual simple interest account and the remainder in a 6.5% annual simple interest goverment bond. the two investments earn $1020 in interest annually. how much was invested in each account.
Click here to see answer by Earlsdon(6294)

Question 18530: What is the March sales revenue if April $11,000 and March is 10% less. What is the March sales revenue if April sales is $70,000 and March is 25% less.
Click here to see answer by piglet162431(90)

Question 19321: I just can not figure out how to set this one up.....and I need the answer quick. Please Help Me!!!!!
Ed and Dave are going to divide a cash prize of $14,000 in a ratio of 2 to 5. How much will Dave receive?
Click here to see answer by Earlsdon(6294)

Question 19173: You have borrowed $200000 at 7% p.a taken over 25 years
a)How much is the standard monthly payment?
b)How much interest is paid over the term of the loan?
c)If you make fortnightly payments ( Half the monthly payment paid every two weeks)-
a. What will the new term of the loan be?
b. How much interest will be paid over the term of the loan?
d) If your standard FORTNIGHTLY repayment is increased by $50 per fortnight.
a. What is the new term of the loan?
b. How much interest will be paid over the term of the loan?
e) If you make fortnightly payments with an extra one off payment of $1000 made at the end of the first year.
a. What is the new term of the loan?
b. How much interest will be paid over the term of the loan?

(dear maths people,
i am a Maths-A student just finishing grade 10 and this is the first part of an assignment that has been given out. i have absolutely no clue what to do and have studied the site http://www.maths-help.co.uk/Knowldge/Num/Repay/Question.htm
and to me it seems like dutch. i know what you will say is that i should have been listening in class but thats what the problem is i have got a girlfriend and i sit next to her in every lesson and find it realy hard to concentrate seeing that i am new to the whole 'girl' thing and i am currently being threatened from my dad that if i dont get at least B- like normal i will go to a state school and i really dont want to bcoz then i cant see pettra. i understand that you guys would be experts in maths and might think i am some sort of rebellious kid that does no work and is just trying to cheat or something but i can honestly say that i am not, i have really tried all through high school to get my best results and even got a distinction in science and high distinction in mathematics in grade 8 (my good year) but i have failed to keep up with my work at this fatal part of my schooling life and am asking for just one chance because i really am falling apart. i have 2 weeks left and this assignment is due in tomorow (12:46am now) and i will spend the rest of the night doing a part of this assignment i know. my mum is in hospital at the moment (no jokes) because of a lap band (puts a band around ur stomach to lose weight) and has 360 stitches and got her belly button replaced because she is getting her loose skin cut off so therefore i have no way of getting parental help because my dad works full time and comes home eats then sleeps redy for the morning(and isnt bright anyway) so i am just asking if you could please help me out here i need to show full working and can use a loan calculator and i also had to choose 3 loans to do i got lambs fixed and variable, the rock home loan and commonwealth bank loands if that makes any sense:S but yeh i will send you my report at the end of the year of you help me with this and will stay in touch and recomend you to my friends (not for a cheap way out, for a place to find how to do stuff) anywayz thanks for your time guys/girls and i hope you have a great christmas
from james,Australia
Click here to see answer by xcentaur(357)

Question 20079: if the sales price of an item is $12,590 and that is 20% off the regular price. What is the regular price? Please show me step by step how you get the answer. Thank you
Click here to see answer by kunal_122(19)

Question 20222: If the price of a $15 T-shirt is reduced by 1/5, how much sales tax must be paid onthe T-shirt in a state having a 3% sales tax?
Click here to see answer by elima(1433)

Question 20602: Please help me!!!
how many pounds of hamburger that costs $1.10 per pound must be mixed with 50 pounds of hamburger that costs $1.80 per pound to make a mixture that costs $1.30 per pound?
Click here to see answer by Paul(988)

Question 21050: This is from my 8th grade honors algebra...
Tori invested $24,000 , part at 8% and the rest at 7.2%. How much did she invest at each rate if her income from the 8% investment is two-thirds of that of the 7.2% investment?
I've made a chart...
Amount invested x rate = interest income

X x 0.08 = 0.08X = y
($24,000-X) x 0.072 = 0.072($24,000-X) = 2/3y
Then I'm totally stuck, we haven't solved with 2 unknowns yet!
Click here to see answer by Earlsdon(6294)

Question 21559: I need help, please. I have to solve this problem using an algebraic equation.
Heather has twice as many dimes as nickels and two more quarters than nickels. There were 22 coins in all.
a. How many quarters does she have?
b. The value of the coins is $5.50. How many quarters does she have?
Click here to see answer by Paul(988)

Question 21587: A buyer agrees to pay a lump sum of 120,000.00 in 6 years. Until then he will make monthly simple interest payments to the seller @ 12%.
a. find the amount of each interest payment
b. Buyer sets up a sinking fund to save the 120,000.00. find the size of buyers semiannual payments if the money earns 10.25%.
c. prepare table showing the amount in the sinking fund after each deposit.
Click here to see answer by Paul(988)

Question 21692: Rick's cafe ordered coffee beans from two different distributors at different prices. Rick wants to combine the two types of beans to make a mixture that costs $2.02 per pound. How many pounds of coffee beans that cost $3.00 per pound should be mixed with 7 pounds of coffee beans that cost $1.60 per pound to obtain the desired mixture?
ok, just a big old brain lapse. Thanks.
Click here to see answer by Paul(988)

Question 21688: Find three consecutive odd integers such that the product of three and the third integer is twenty-one more than two times the sum of the first two numbers.
Thank you, Thank you
Click here to see answer by Paul(988)

Question 21690: The Shmidt Valley Investment club invested $10000 at 5.1% annual simple interest. How much additional money should they invest at an annual simple interest rate of 3.5%, so that the total annual interest earned from the two accounts is 4.4% of the total investment.
Thanks, I tries this one a million times and no can do!
Click here to see answer by Paul(988)

Question 21715: Miss Sunni manages a herbicide plant. She wants a solution of 45% herbicide to be mixed with a solution of 24% herbicide to form 42 liters of a 34% solution. How many liters of the 45% solution must Miss Sunni use?
I tried using the chart method with this and not sure what to do with the 42 liters?
Thanks, any help would be appreciated!!
Click here to see answer by Paul(988)

Question 21714: Find three consecutive odd integers such that two times the sume of the first and the third integer is thirteen more than the product of three and the second number.
I did it like this, help??????
2x(x+x+4)=13+(3+x+2)
12x=help
Click here to see answer by Paul(988)

Question 21717: Translate into an equation and solve. Five times the difference between three times a number and four is ten. Find the number.
Help!!!!!!!!!!!!!!!!
Click here to see answer by Anglophile(11)

Question 21771: Property valued at $18,000 is assessed for 1/3 of its value. If the property tax $3 per $100 of assessed value per year, what is the yearly property tax bill?
Click here to see answer by wuwei96815(245)

Question 21691: Translate into an equation and solve. Five times the difference between three times a number and four is ten. Find the number.
I get the basic concept, how to do it. But I keep getting different answers, in other words every time I do it it comes out a little different.
Thank You!
Click here to see answer by queenofit(120)

Question 21923: If the total bill at a restaurant, including a 15% tip, is $65.32, what was the cost of the mean alone?

Click here to see answer by AnlytcPhil(1806)

Question 21922: A loan of $2500 was given to Shari for 1 year. If the interest charged for the period was $275, what was the interest rate on the loan?

Click here to see answer by queenofit(120)

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