Tutors Answer Your Questions about Money Word Problems (FREE)
Question 874685: If $33,500 is invested at 6.2% for 30 years, find the future value if the interest is compounded the following ways
annually:
semiannually:
quarterly:
monthly:
daily:
every minute (N = 525,600):
continuously:
simple (not compounded):
Click here to see answer by lenny460(1073)  |
Question 874979: Three of Carlos’ and Amy's friends are purchasing school supplies at the bookstore.Stan buys a notebook, three packages of pencils and two markers for $7.50.
Jan buys two notebooks, six
packages of pencils and five markers for $15.50.
Fran buys a notebook, two packages of pencils and
two markers for $6.25. How much do each of these three items cost?
Explain in words or with symbols how you can use your intuitive reasoning about these purchases
to find the price of each item.
Note:so far I've tired the following prices and they did not work notebook:$1.25,$1.30,$1.00,Package of pencils:$1.50 Markers:$1.00,0.50,0.80
Click here to see answer by rothauserc(4718)  |
Question 875340: cindy has $20,000 to invest. A part of this money is invested in bonds paying 10% annual interest. The rest of the money is invested in a savings account giving 5% annual interest. At the end of the year, she received $1,600 as an extra income. How much money did Cindy place in each investment?
Click here to see answer by mananth(16946)  |
Question 875666:
Chris is a software salesman. His base salary is
$2300
, and he makes an additional
$90
for every copy of Math is Fun he sells.
Let
P
represent his total pay (in dollars), and let
N
represent the number of copies of Math is Fun he sells. Write an equation relating
P
to
N
. Then use this equation to find his total pay if he sells
28
copies of Math is Fun.
Equation ? Answer ?
Click here to see answer by ewatrrr(24785)  |
Question 875646: Peter and Shelly invested $9000 for one year. Part of it was invested at 12% and the remainder was invested at 8%. At the end of 1 year the couple had earned exactly $1000 in simple interest. How much did they invest at each rate?
Click here to see answer by mananth(16946)  |
Question 876094: What formula would I use to solve:
$4,500 is invested into an account earning 10% compounded quarterly. How much is in the account after 4 years?
I have been having trouble with this problem and others like it. Please and thank you!!
Click here to see answer by reviewermath(1029)  |
Question 877139: Mrs. Brady invests a total of $8218 in two savings accounts. One account yields 8.5% simple interest and the other 9% simple interest. She earned a total of $706.47 interest for the year. How much was invested in each account?
Click here to see answer by lwsshak3(11628) |
Question 877093: Joanne, a recent retiree, requires $5,000 per year in extra income. She has $60,000 to invest and can invest in bonds paying 15 percent per year or in a Certificate of Deposit paying 7 percent per year. How much money should be invested in each realize exactly $5,000 in interest per year
Click here to see answer by lwsshak3(11628) |
Question 877223: Please help not sure how to go about answering this problem, here goes: A business man invest a total of $13900 into two businesses A and B at the simple interest rate of 14% per annum and 11% per annum respectively. If the total amount of simple interest for 2 years was $3508, what was the amount invested in business B
Click here to see answer by rothauserc(4718)  |
Question 877223: Please help not sure how to go about answering this problem, here goes: A business man invest a total of $13900 into two businesses A and B at the simple interest rate of 14% per annum and 11% per annum respectively. If the total amount of simple interest for 2 years was $3508, what was the amount invested in business B
Click here to see answer by ankor@dixie-net.com(22740)  |
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