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

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Question 885253: Ramon Perez worked 40 hours at $13.00 an hour and five hours of overtime at time-and-a-half. What was his pay for the week?
Click here to see answer by JulietG(1812)

Question 885196: On what sum of money wil the difference between thecompound interest and simple interest for. 3 yrs be equal to Rs 930 if the rate of i charged for both 10%pa
Click here to see answer by KMST(5328)

Question 885279: John's dad pays him $2 for each correct answer he gives in his math homework and fines him $8 for each incorrect answer. Today, John received nothing after doing 50 problems. How many problems did John answer correctly?
Click here to see answer by harpazo(655)

Question 833745: At the age of 30 you decide to start saving money. At first you can only afford to deposit $200 per month. However, at the age of 38 you are able to deposit $300 per month. Then at the age of 45 you raise your monthly deposit again to $500 per month. Finally at the age of 50 you get promoted to president of the company and are able to deposit $2000 per month into the account. Assuming your account is earning (prime interest rate + 4%) in interest, compounded monthly, how much do you have in your account at the age of 70? Hint: Treat each time that you change the deposit amount as a seperate annuity, and compute the future value (FV) on each annuity seperately. Assume that each annuity earns compound interest during the time it is not receiving deposits. Please show work.

Click here to see answer by njohn01(1)

Question 885356: If an amount of money in P in pesos is invested at " r " percent compounded annually, it will grow to an amount A = P(1 + r)^2 in two years. Suppose Miss Madrigal wants her money amounting to Php 200,000 to grow Php 228, 980 in two years. At what rate must she invest her money
Click here to see answer by Theo(13342)

Question 885415: I am having issues with these two questions
IN a recent basketball game the boston celtics scored 99 points They scored three times as many field goals as free throws.They also made 12 three point buckets. How many field goals did they make, how many free throws did they make. (Field goal is worth 2 points) (Free throw is worth 1)
A running back in Wheaton college football game catches a pass and runs for the goal line 80 yards away. He ran a 50 yard dash In six seconds. If he runs at 80% of his speed in the 50 yard dash, how long will it take him to reach the goal line

Click here to see answer by rothauserc(4718)

Question 885440: You want to have a $25,000 college fund in 5 years. How much will you have to deposit now in an account with an APR of 8% with annual compounding
Click here to see answer by lwsshak3(11628)

Question 885389: How much money should be deposited today in an account that earns 3% compounded semiannually so that it will accumulate to $9000 in 3 years?
I have done it like this, 9000/(1+(.03/6))^6*3 and it gave me the answer $8227.23 but it says the correct answer is $8230.88 and I cannot find out how they came up with that answer.
Click here to see answer by MathTherapy(10551)

Question 885391: The investment of $50,000.00 in bonds and $70,000.00 in stocks earned a total annual income of $9,100.00. If the interest rates have been interchanged, the income would had been $8,900.00. Find the interest rates.
Click here to see answer by MathTherapy(10551)

Question 885575: How many half of dallars in $4.50
Click here to see answer by jim_thompson5910(35256)

Question 885579: Harry deposits $2000 in a saving account that compounds annually, and plans to leave the money in the account for 2 years. If Harry wants his account to increase in value to $3300, then the interest rate must be greater than what percent?

Click here to see answer by lwsshak3(11628)

Question 885546: Mr. Greene comes into the bank and wants change. He tells you that he wants twenty-five $20.00 bills, eight $5.00 bills, five $10.00 bills, and twenty $1.00 bills. How much money should Mr. Greene give you in exchange?
Click here to see answer by Alan3354(69443)

Question 885846: If i selling the newspaper for one dollar and fifty cents how much would i be earning for each one i sell
Click here to see answer by kadash12(6)

Question 885883: the school band sold for their annual concert they sold 60 children tickets 140 adult tickets 220 student tickets what approximate percentage of all the tickets sold for adult tickets
Click here to see answer by josmiceli(19441)

Question 885867: A couple invested part of P2,100,000 at 4% and the remainder at 7%. Their annual income from these two investments was equivalent to a return at 6% on the entire sum invested. how much money was invested at each rate?

Click here to see answer by mananth(16946)

Question 885936: if 7% is taken away from $330 how much is left?
Click here to see answer by jim_thompson5910(35256)

Question 885942: Tickets for a show cost R 500 or R 800. If 100 tickets were sold for a total of R 65000, how many
tickets were sold for 800?
Click here to see answer by JulietG(1812)

Question 885944: you want to invest 10,000 dollars. how long will it take to double your investment at an annual interest rate of 10% compounded continuously?(round your answer to the nearest year)
A=Pe
Click here to see answer by jim_thompson5910(35256)

Question 885901: After receiving a discount of 9.5% on its bulk order of toner cartridges, John's Office Supply pays $4,706. What was the price of the order before the discount?
A. $5200
B. $5153
C. $4494
D. $4259

Click here to see answer by JulietG(1812)

Question 885940: Manually calculate the compound interest on an investment of $12,500 at 7.5% interest, compounded semiannually, for 2 years. (Round value to the nearest cent.)

Click here to see answer by lwsshak3(11628)

Question 885995: A cash discount of 2% is given if a bill is paid 20 days in advance of its due date. At what interest rate could you afford to borrow money to take advantage of this discount?
Click here to see answer by Theo(13342)

Question 886006: On January 1, Mustafa borrows $1000 on a demand loan from his bank. Interest is paid at the end of each quarter (March 31, June 30, September 30, December 31) and at the time of the last payment. Interest is calculated at the rate of 12% on the balance of the loan outstanding. Mustafa repaid the loan with the following payments:
March 1 $100
April 17 $300
July 12 $200
August 20 $100
October 18 $300
Total $1000
Calculate the interest payments required and the total interest paid.

Click here to see answer by Theo(13342)

Question 886038: you want to invest $5,000 dollars. How long will it take to triple your original investment at an annual interest rate of 4% compounded continuously? (round your answer to the nearest year)
A=Pe^rt
Click here to see answer by josgarithmetic(39616)

Question 886169: if 5 men or 7 women earn 525 dollar per day.How much 7 would be 7 men or 13 women earn per day?

Click here to see answer by Theo(13342)

Question 886497: loan for 3 years
interest rate 6%
$135.00 interest paid.
How much was borrowed?

Click here to see answer by stanbon(75887)

Question 886522: A student invested some money at an annual rate of 5%. If the annual income from the investment is $300, how much did he invest?
Click here to see answer by rfer(16322)

Question 886522: A student invested some money at an annual rate of 5%. If the annual income from the investment is $300, how much did he invest?
Click here to see answer by jim_thompson5910(35256)

Question 886416: A man bought some eggs at x cents each. y of them were broken while the rest were sold at z cents each. If he made a total profit of w cents, find the number of eggs he bought using x,y,z, and w.
Click here to see answer by ankor@dixie-net.com(22740)

Question 886670: You set your entertainment budget to $100 per month. Eating out costs $35, movies cost $15, and concerts cost $60. Can you eat out, go to a movie, and go to a concert in the same month, while staying within your budget?
Click here to see answer by JulietG(1812)

Question 886698: Forrest is purchasing a car priced at $7,299. His down payment is $299 and his monthly payments are $165 per month for 48 months. The deferred cost of the car is
Click here to see answer by JulietG(1812)

Question 886768: Your annual income is $50,000. You want to take out a mortgage loan to buy a house. The rule on mortgage loan requires that your annual mortgage payment cannot exceed 30% of your annual income. If the current interest rate is 5% for a 30-year mortgage loan, what is the maximum amount one can borrow for a house?
Click here to see answer by Theo(13342)

Question 886697: For a $1,000 loan at a rate of 16 3/4 % for 5 years, the simple interest is?
Click here to see answer by rfer(16322)

Question 886633: A friend of mine who loves maths problems asked me to solve this but I must confess I am completely stuck! Any help would be greatly appreciated.
The problem:
When the admission price to a game is �0.50, 10,000 people attend. For every increase of �0.05 in the admission price, 200 fewer people attend. Find the admission price that yields the largest income. What is the largest income?
Many thanks in advance for your help.
Click here to see answer by MathTherapy(10551)

Question 886898: You deposit 3000 in an account that pays 7% interest compunded semiannually
After 4 years, the interest rate is increased to 7.16% compounded
quarterly. What will be the value of the account in 8 years?

Click here to see answer by Theo(13342)

Question 886910: YOU HAVE JUST WON $100,000 FROM A LOTTERY. IF YOU INVEST ALL THIS AMOUNT IN A TAX FREE MONEY MARKET FUND EARNING 7% COMPOUNDED WEEKLY, HOW LONG DO YOU HAVE TO WAIT TO BECOME A MILLIONAIRE?
***USE LOG FORMULA***
Click here to see answer by Alan3354(69443)

Question 886885: If the simple interest on $10000 at 6% is $3000, then what is the time?
Click here to see answer by rfer(16322)

Question 886886: Please help me solve this problem: Mr. Perez deposited 10,000 pesos at a simple interest rate of 2% annually at the end of 3 years, what is the total interest earned?
Click here to see answer by rfer(16322)

Question 887043: May has $10,000 to invest for five years.
How much additional interest will she earn if the investment provides a 5% annual return, when compared to a 4.5% annual return.
How long will it take her $10,000 to double in value if it earns 5% annually? What annual rate has been earned if $1,000 grows into $4,000 in 20 years?

Click here to see answer by Theo(13342)

Question 887101: Old Town Cafe has a profit margin of 11%, total asset turnover of 2 and ROE of 20%. What is the debt-equity ratio for this Cafe?
Click here to see answer by Alan3354(69443)

Question 887207: Doubling time of an investment earning 2.5 interest if interest is compounded quarterly?
Click here to see answer by lwsshak3(11628)

Question 887182: a person invested $8000 for 1 year, part at 8%, part at 11%, and the remainder at 12%. The total annual income for these investments was $876. The amount of money invested at 12% was $200 more than the amounts invested at 8% and 11% combined. Find the amount invested at each rate.
Click here to see answer by Theo(13342)

Question 887348: Profit is always calculated as revenue minus expenses. If a company�s expenses were $15 million, write a symbolic rule that expresses profit, P, (in millions of dollars) in terms of revenue, R, (in millions of dollars). Determine profit when revenue is $25 million. Determine Revenue that will produce a profit of $15 million dollars.

Click here to see answer by jim_thompson5910(35256)

Question 887480: on Monday, Tim earned $9 an hour delivering pizza. he paid $5 for gas and took home $40 for his wage for the day. how many hours did Tim work on Monday
Click here to see answer by josgarithmetic(39616)

Question 887564: you inherit $70,000 and plan to invest the money in two stocks paying 4% and 10% annual interest, respectively. How much should be invested at each rate if the total interest earned for the year is to be $4000?
Click here to see answer by mananth(16946)

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