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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 880741: how much simple interest will rs1000 earn in 21 months at the annual rate of 8%?

Click here to see answer by rfer(16322)

Question 880848: The following list shows the items and prices for a restaurant order. Calculate the total amount if there is 7.5% tax and the customer leaves a 15% gratuity.
1 appetizer: $8.99
2 entrees: $14.99 each
1 entree: $12.99
3 drinks: $1.99 each
a. $70.96
b. $71.62
c. $75.31
d. $75.97
Add each item that was purchased
8.99+14.99+14.99+12.99+1.99+1.99+1.99 =57.93
Multiply your tax 7.5% which is .075 by your total cost
57.93 x .075 = 4.34
Add your tax to your total
57.93 + 4.34 = 62.27
Your food purchase with tax was $62.27
Multiply your food cost with by the gratuity % which is 15%=.15 therefore your gratuity is
62.27 x .15 = 9.34
Add your gratuity to your food cost
62.27 + 9.34 = 71.61
Therefore the total amount was $71.61
Click here to see answer by ewatrrr(24785)

Question 880826: IF 10% of something is A why is 5% of something plus 5% again not the same figure?
Click here to see answer by JulietG(1812)

Question 880829: An investment of $8,000 earns $520 in dividends. At the same rate, how much money must be invested to earn $780 in dividends?

Click here to see answer by JulietG(1812)

Question 880902: from January to june, a company spent $60.00 on office supplies per month. in july the price increased by 15%. and remained the same for the rest of the year. how much did the company spend on office supplies for the year?
Click here to see answer by JulietG(1812)

Question 880907: in addition to an employees $300 weekly salary. management has approved a 6% pay increase plus an extra $12 per week for travel expenses. in total, whats the percentage of his increase?
Click here to see answer by fcabanski(1391)

Question 880966: Les Hinckle made a deposit in the bank on January 1, 2005. The banks pays interest at the rate of 8% compounded annually. On January 1, 2012, the deposit has accumulated to $30,000. How much money did Les originally deposit on January 1, 2005?
Click here to see answer by lwsshak3(11628)

Question 880985: A total of $22,000 is invested in 3 accounts earning 3%, 5%, and 7% annual interest. The combined interest for one year is $1146. If the amount invested at 7% is four times the amount at 5%, find the amount invested at 3%.
Click here to see answer by lwsshak3(11628)

Question 881048: A shopkeeper mixes pure orange juice worth $2.60 per litre with orange drink worth $1.20 per litre. How many litres of each should be used to make a 10 litres container worth $1.76?
Click here to see answer by josgarithmetic(39613)

Question 878167: John has a $1000 bond with a 4% coupon. How much interest will John receive for this bond every 6 months?
Click here to see answer by jayden_fassett(1)

Question 881109: A gold and diamond bracelet sales for $1600. Find the sales tax and total price if the sales tax rate is 4.5%
Multiply the cost of bracelet by the sales tax rate to find the sales tax
4.5% = .045
1600 x .045 = 72
Add the bracelet cost and the sales tax found to find total price
1600 + 72 =1672
Therefore the bracelet was $1672.00
Click here to see answer by BigToosie(32)

Question 881108: A certain investment pays 8% interest compounded annually. If Joaquin invests $500, how much will the investment be worth after 3 years?
Click here to see answer by ewatrrr(24785)

Question 881157: Graph the inequality y ≥ 3x on a separate piece of paper. List in the answer box:
1). Is the boundary line is solid or dashed
2). Provide the table of values
3). Identify whether the shaded area is on the left or right side of the line.

Click here to see answer by Fombitz(32388)

Question 881122: Alice invested some money at 12% simple interest. At the end of the year the total amount of her original principal and the interest was $6720. How much did she originally invest?
Click here to see answer by rfer(16322)

Question 881118: I'm having a tough time figuring of out how to set up this formula. A company is trying to make a profit of $500.00. each flower costs them .50 cents to purchase and they have set the sale price of each flower at the purchase price (.50 cents) plus 40%. How do I set this up the right way?
my email is
kristenhowardn@gmail.com
Thank you and appreciate your help
Click here to see answer by KMST(5328)

Question 881264: The table shows the highest meal price for five restaurants, A through E . If the median price for these five meals was $10.50, which of the following could NOT have been the highest meal price for restaurant E
Click here to see answer by JulietG(1812)

Question 881267: Terry is confused about the various compounding periods offered by his bank. If he deposits $6000 into an investment for one year at 5% per year, how much more interest will he earn by compounding semi-annually instead of annually?
Click here to see answer by JulietG(1812)

Question 881279: If you have 18 employees and 100 dollars to divide. you give 6 people 4 dollars, you give 5 people 3 dollars and 7 people get none. What percent of 100 dollars does each person get.
Click here to see answer by JulietG(1812)

Question 881214: The total amount of interest that will be paid on a 5-year, $90,000 note payable at 11% simple annual interest is?

Click here to see answer by JulietG(1812)

Question 881214: The total amount of interest that will be paid on a 5-year, $90,000 note payable at 11% simple annual interest is?

Click here to see answer by MathTherapy(10549)

Question 881322: Manuel has $600 in a savings account at the beginning of the summer. He wants to have at least $300 in the account at the end of the summer. He withdraws $28 each week for food. Which inequality represents w, the number of weeks Manuel can withdraw money while not dropping below a $300 balance?
Click here to see answer by stanbon(75887)

Question 881326: Eddie deposited $1200 into an account that earns 3% interest compounded 2 times per year. How much money will Eddie have in his account after 7 years? Round to the nearest cent.
Click here to see answer by ewatrrr(24785)

Question 881324: Marry Johnson wants to save $60000 for home improvement projects. If the Bank is paying 8% compounded quarterly, how much must she deposit now to have the money for the project?
Click here to see answer by ewatrrr(24785)

Question 881475: Find the future value of $600 for invested for 5 years at 8% compounded semiannually
Click here to see answer by rfer(16322)

Question 881472: Find the amount of the annual annuities if the interest is compounded annually for:
a.R=$100, i=6%, n=10
b. R=$1,000, i=8%, n=12
Click here to see answer by rfer(16322)

Question 881413: In 2000, tom deposited $10,000 in a college fund account that pays 4.5% interest annually. Approximately how much will the account balance be in 2018
Click here to see answer by rfer(16322)

Question 881563: A person invests 80000$ and expects returns from the investment as 35000$ at the end first year, 40000$ at the end of second year and 45000$ at the end of third year. if the discounting rate is 15% state whether this investment is profitable or not?
Click here to see answer by Theo(13342)

Question 881470: you are selling photos of landscapes you've taken. You sell them framed for $15 and unframed for $7 each. If you sold 52 photos for a total of $484, how many framed and unframed did you sell
Click here to see answer by JulietG(1812)

Question 881727: If a woman invested $10,000 at 8% annual interest, how much more must she invest at 9% so that her annual income will exceed $1,250?
Click here to see answer by lwsshak3(11628)

Question 881741: Determine the amount of money, to the nearest dollar, you must invest at 5% per year, compounded annually, so that you will be a millionaire in 33 years.
Click here to see answer by Alan3354(69443)

Question 881756: What is the interest rate if you pay $12 for interest when you borrow $2000 for a year?
Click here to see answer by stanbon(75887)

Question 881742: Housing prices have been rising by 6% per year. A house now costs $150,000. What would it have cost 10 years ago? (Round your answer to the nearest cent.)

Click here to see answer by richwmiller(17219)

Question 881743: Listed below are the balances and annual percentage rates for Jimmy's credit cards. If Jimmy makes the same payment each month to pay off his entire credit card debt in the next 12 months, how much will he have paid in interest in the 12 month period?Hint, find out how much interest Jimmy pays to each card over the 12 months seperately, and then add them together.)
Credit Card
Current Balance
APR
A
$563.00
16%
B
$2,525.00
21%
C
$972.00
19%

a.$321.83
b.$370.75
c.$449.24
d.$730.80
Click here to see answer by Theo(13342)

Question 881920: A total of $22,000 is invested in 3 accounts earning 3%, 5%, and 7% annual interest. The combined interest for one year is $1146. If the amount invested at 7% is four times the amount at 5%, find the amount invested at 3%.
Enter the amount rounded to the nearest dollar, without commas or the dollar symbol.

Click here to see answer by lwsshak3(11628)

Question 882233: A market trader buys a box of tweleve tshirts for �80
And sells each tshirt for �9
How do you calculate the profit made

Click here to see answer by stanbon(75887)

Question 882249: If 15 pounds of tea and 10 pounds of coffee together cost $15.50, while 25 pounds of tea and 13 pounds of coffee at the same prices cost $24.55, find the price per pound of each.
Click here to see answer by josgarithmetic(39613)

Question 882167: Holly invested two equal amounts of money, one at 4.5% and the other at 5% simple interest. Her total annual interest from the two investments was Php7,600. How much did she put in at each rate?

Click here to see answer by ankor@dixie-net.com(22740)

Question 882297: If you invest 50000 at an annual investment rate of 7.5% how much will your investment be worth after 11 years if your investment is compounded quarterly
Click here to see answer by DrBeeee(684)

Question 882252: you deposit $2000 in an account that pays 6% annual interest, compounded quarterly. How long will it take for the balance to reach $2500
Click here to see answer by lwsshak3(11628)

Question 882456: Please, I need help checking my answer.
Here is the problem:
Nancy is single and claims one exemption. She earns $3,400 a month. A health insurance premium of $50 and a dental premium of $25 are deducted from her earnings. Find Nancy's net pay. Use the tax rate of 7.65% for FICA, and use the percentage method to find FIT.
Click here to see answer by ewatrrr(24785)

Question 882465: suppose a shirt was sold at $28 after 30% discount. What was the original price of the shirt?
Click here to see answer by ewatrrr(24785)

Question 882576: Hi there,
My tenant owes me Rs. 6,199,267 in rental arrears which started in January 2012 (2 and a 1/2 years). He is leaving on June 30th and has agreed to pay me, the total in full, at an interest rate of 11%. What would be the total outstanding? How would it be compounded? monthly, daily, or yearly? If possible, could you show me all three and how you did it? Thank you so Much for your help.
GOD BLESS YOU! :-)
Dinuke
Click here to see answer by ankor@dixie-net.com(22740)

Question 882656: Question: Devon�purchased�tickets�to�an�air�show�for�9 adults�and�2�children.�The
total�cost�was�$252.�The�cost�of�a�childʹs�ticket�was�$6�less�than�the�cost�of
an�adultʹs�ticket.�Find�the�price�of�an�adultʹs�ticket�and�a�childʹs�ticket.
What i came up with:
I tried to to get what x and why are.
i put : x= 9 adults y= 2 children.
i know that child ticket is $6 less then which me the equation has subtraction.
i thought it might be 9x-2y=252 but it doesnt make sense.
please send step by step so i can understand how to do this correctly. thank you

Click here to see answer by lwsshak3(11628)

Question 882744: a company just purchased a new machine for $1,200,000. The company choose to depreciate the machine using the straight-line method over 20 years.
A. find a function that expresses the book value V of the machine as a
function of the age x.
B. What is the book value after three years?
C. when will the book value of the machine be $480,000?
Click here to see answer by ewatrrr(24785)

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