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

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Question 882945: A sales executive earns a base monthly salary of $1500 plus a 9% commission on total sales. Find the total sales during a month in which the executive earned $5460.
Click here to see answer by stanbon(75887)

Question 882970: Kim Davis has decided to purchase a cellular phone, but she is ensure about which rate plan to select. The regular plan charges a fixed fee of $55 per month for 1,000 minutes of airtime plus $0.33 per minute for any time over 1,000 minutes. The executive plan charges a fixed fee of $100 per month for 1,200 minutes airtime plus $0.25 per minute over 1,200 minutes. If Kim expects to use the phone for 21 hours per month, which plan should she select? At what level of use would Kim be indifferent between the two plans?
Click here to see answer by benparker321(2)

Question 883009: how much should jonathan invest now at 2% compounded semiannually if he needs to have $18,000 in ten years?
Click here to see answer by josgarithmetic(39617)

Question 882944: If Sam invested $3,000 and he earned $300 over six months, the return is _____.
Click here to see answer by JulietG(1812)

Question 882925: Ivanna deposits into an account that pays simple interest at a rate of per year. How much interest will she be paid in the first years?

Click here to see answer by JulietG(1812)

Question 883057: Marge puts $800 in a bank account that earns 3% annual interest. If she leaves the money in the bank but does not add to it, how much will she have at the end of the first year?
Click here to see answer by JulietG(1812)

Question 883071: you receive a total of $1520 a year in interest from three investments. the interest rate for the three investments are 5%, 7%, and 8%. the 5% investment is half of the 7% investment, and the 7% investment is $1500 less than the 8%. What is the amount of each investment?

(Note: This is a mixture problem. So set up a table involving Amount (of investment), Rate, and Interest. Let us use Investment A for 5%, Investment B for 7%, and Investment C for 8%)
Click here to see answer by lwsshak3(11628)

Question 883223: Over the past several months, the water level of a lake has been decreasing by 2% each week. If the highest water level before the decrease started was 618 ft, what was the level at the end of 6 weeks?
Click here to see answer by Alan3354(69443)

Question 883415: A laptop computer is purchased for $2700. Each year its value decreases by 20%. After how many years will the laptop first be worth under $900?
Click here to see answer by LinnW(1048)

Question 883465: can someone solve this word problem thank you
An actor invests some money at 5%, and $32000 more than twice the amount the amt at 9%. The total annual interest earned from the investment is 24960. How much did he invest at each amount?use the six step method

Click here to see answer by mananth(16946)

Question 883368: John buys a pair of trousers and a shirt for R68. If the pair of trousers cost three times as much as the the shirt, what was the price of each?

Click here to see answer by JulietG(1812)

Question 883541: You can earn 5% per year compounded annually for the next 4 years, followed by 8% per year compounded quarterly for 5 years. What is the average annual compounded rate of return over the 9 year period? Express your answer with monthly compounding
Click here to see answer by LinnW(1048)

Question 883555: Please help me solve this problem
P=5,500
T=3 years
I=1,200
What is the interest rate
Click here to see answer by KMST(5328)

Question 883726: Jean makes $2000 a month and his wife Joan makes 3000 a month. The rent is $1500 a month, how much each will pay based on income, if they share the rent payment 50% each? Show the step please, thank you.
Click here to see answer by JulietG(1812)

Question 883694: A person invested $20,000 in two accounts. He lost 4% on one account and made 12% on the other but broke even. How much did he invest in each account?
Click here to see answer by JulietG(1812)

Question 883554: Deal of buy 1 pair boots, get 2 pair free. Person A boots $400, Person B boots $350, Person C boots $200 with sales tax of 9.5%, how much should each person pay for it to be fair?
Click here to see answer by JulietG(1812)

Question 883781: Charlie needs to make a total of 60 deliveries this week. So far he has completed 54 of them. What percentage of his total deliveries has Charlie completed?
Click here to see answer by josmiceli(19441)

Question 883801: Ann, Bill, Cynthia, and Don respectively invest $2000,
$3000, $8000, and $7000 in a joint business venture,
agreeing to share the profits in the ratio of their
investments. How much does each receive if the
business earns a profit of $38000?
Click here to see answer by Edwin McCravy(20055)

Question 883974: a certain amount of money is invested at 3% per year, and 1500 more than that amount is invested at 5% per year. The annual interest from the 5% investment exceeds the annual interest from the 3% investment by 125. How much is invested at each rate?
Click here to see answer by lwsshak3(11628)

Question 883992: Interest of $840 was earned in 7 months on a balance of $9000. What is the simple interest rate per annum on the account?

Click here to see answer by rfer(16322)

Question 884098: If each lollipop cost 25 cents and I have 10 dollars how many can I buy?
Click here to see answer by josmiceli(19441)

Question 884146: Determine the future value of a simple interest investment where 3 % interest paid quarterly for 3 years on $700.
My daughter is using the equation A=P(1+rt)
so far we have A =700(1+.03) but having trouble figuring out the time. Could you explain how to figure out the time please? thanks! Sue
Click here to see answer by nerdybill(7384)

Question 884226: If an amount of P in pesos is invested at r percentage compunded anually to an amount of A= P (1 + r)^t in two years. Suppose miss madrigal wants her money amounting to Php 200,000 to grow to Php 228,980 in 2 years. At what rate must she invest her money?
A= P(1+ r)^t
Where
P - original investment
r- interest per compound period
t - number of periods
A= amount of money at the end
Click here to see answer by Theo(13342)

Question 884159: The price of a can of beans was increased by 25%. How many cans can be purchased for the amount of money that was previously used to buy 500 cans?
Click here to see answer by Fombitz(32388)

Question 883222: The number of visits a certain Web site receives each day can be modeled by the equation
where a is the amount in dollars spent on advertising for that day. According to this model, approximately how many visits will the Web site receive on a day that no money is spent on advertising?

Click here to see answer by Fombitz(32388)

Question 883220: An initial investment of $930 is appreciated for 19 years in an account that earns 6% interest, compounded continuously. Find the amount of money in the account at the end of the period.
Click here to see answer by Fombitz(32388)

Question 884302: A collection of 35 coins consisting of dimes,nickels and quarters has a combined value of $5.15. If there are 5 more quarters than nickels, how many of each type of coin are there?
Click here to see answer by lwsshak3(11628)

Question 884286: PLEASE HELP WITH THIS QUESTION.
Joshua currently earns $5000 a year from his lawn care business. He has two plans to increase his revenue.
Plan 1 would increase his yearly revenue by 20%.
Plan 2 would increase his revenue by $1500 a year.
After 7 years, how much more revenue does Plan 1 generate than Plan 2? Round to the nearest dollar.
Click here to see answer by rothauserc(4718)

Question 884447: Sara a buyers agent with XYZ Realty made $4140 after closing. Sara has a 60/40 commission split with XYZ realty. The listing company has offered to pay a buyers agent 3% out of 6% total commission. What is the sales price of the property?
*** The answer is $230,000 I need to know the steps to arrive at the answer
Thanks in advance.

Click here to see answer by josmiceli(19441)

Question 884483: If I invest $500 and a year later my account balance is $515 what percent was my yearly interest?
Click here to see answer by Fombitz(32388)

Question 884499: Your friend has a current balance of $150,000 on a $185,000 loan at 6.0% interest for 30 years. The monthly P&I is $1,109.17. What will be the mortgage balance after the next payment?
Click here to see answer by Theo(13342)

Question 884495: Suppose that Alicia wants to buy a car. The dealer offers a financing package consisting of a 6% APR compounded monthly for a term of five years. Suppose that you want your monthly payments to be at most $320. What is the maximum amount that you should finance? Round your answer to the nearest dollar.
Click here to see answer by Theo(13342)

Question 884498: At a restaurant you overhear a Realtor bragging about the $12,000 commission on an 8% rate. You wonder for how much did the house sell?
Click here to see answer by rfer(16322)

Question 884563: Sara has $100 dollars in currency and 2,000 in a bank account which the bank pays no interest.The inflation rate is 2 percent a year .
Calculate the rate of inflation Sara pays in a year.
Click here to see answer by JulietG(1812)

Question 883314: A principal of $4900 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 13 years?
Click here to see answer by Fombitz(32388)

Question 883311: a man invested $3,500, part of it at a yearly rate of 4% and the rest at 5%. He received a total annual interest of $153. How much did he invest at each rate?
Click here to see answer by Fombitz(32388)

Question 884582: A man and wife went to buy an article costing N400, the woman had 10% and the man 40%, how much did they have altogether
Click here to see answer by fafaa_(2)

Question 884141: The Better Business Bureau received the most complaints from consumers about cell-phone poviders and cable/satellite TV provides in 2009. These two industries accounted for a total of 70,093 complaints, with cable/satellite TV providers receiving 4861 fewer complaints than cell-phone providers (Source: Better Business Bureau). How many complaints did each industry receive?
Click here to see answer by JulietG(1812)

Question 884683: Jim and Amy sold many pieces of furniture and made $1380 during their garage sale. They had 16 more $10 bills then $50 dollar bills. They had one more then 3 times as many $20 bills as $50 bills. How many of each denomination did they have?
Click here to see answer by lwsshak3(11628)

Question 884769: Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t years. (Round your answer to the nearest cent.)
P = $1600, r = 4%, t = 4.5, compounded semiannually
Click here to see answer by stanbon(75887)

Question 884810: Bradley owns a school supplies store. For inventory, he found out that he sold a total of 250 notebooks worth P5,050. A small notebook costs P15 while a big one is P25. How many big notebooks were sold?

Thank you !!! :D :D :D
Click here to see answer by JulietG(1812)

Question 884882: A convention manger finds that she has $1540, made up of twenties and fifties. She has a total of 50 bills. How may fifty-dollar bills does the manager have?
Click here to see answer by JulietG(1812)

Question 884912: After a 4% raise , Pablo salary is $520 per week. What was Pablo's salary before the increase?

2nd question

Kate invests $48000,part at 9% and the rest at 7%. The annual return on the investment is actually the same. How much did she invest at each rate?
Click here to see answer by rfer(16322)

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