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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 900632: You invested $12,000 in two accounts paying 6% and 8% annual interest, respectively. If the total interest earned for the year was $880, how much was invested at each rate?
Click here to see answer by mananth(16946)

Question 900711: i know it said don't dump your homework but i only have these two for college algebra. please get back
thank you
An executive invests $22,000, some at 7% and some at 5% annual interest. If he receives an annual return of $1,420, how much is invested at each rate?
A doctor prescribes an ointment that is 4% hydrocortisone. A pharmacist has 1% and 5% concentrations in stock. How many ounces of each should the pharmacist use to make a 1-ounce tube?

Click here to see answer by mananth(16946)

Question 900761: 1. Suppose that you purchased 200 shares of a stock at $46 per share (ignore all commissions).
Click here to see answer by richwmiller(17219)

Question 900785: the price of a magazine subscription rose 4% this year. If the subscription now costs $26, how much did it cost last year?
Click here to see answer by ewatrrr(24785)

Question 900785: the price of a magazine subscription rose 4% this year. If the subscription now costs $26, how much did it cost last year?
Click here to see answer by swincher4391(1107)

Question 900774: Find the number of computer units x that needs to be sold to produce a maximum profit p ( in pesos) if p(x) =900x-0.1x^2
Click here to see answer by rothauserc(4718)

Question 900792: How much will a student earn in 11 weeks if she works 11 hours each week at a rate of 9.00/hr?
Click here to see answer by swincher4391(1107)

Question 900792: How much will a student earn in 11 weeks if she works 11 hours each week at a rate of 9.00/hr?
Click here to see answer by Jc0110(165)

Question 900811: Lorraine earned $5.50 an hour working at a video store. Which equation can be used to determine w, her wages in dollars, if she worked h hours each week for 4 weeks

Click here to see answer by ewatrrr(24785)

Question 900587: the first company charges $150 per month and the second company charges $85 per month
After how many months would the two plans be the same
Click here to see answer by richwmiller(17219)

Question 900567: A bag contains dimes and nickels. There are 18 coins in the bag. The value of the coins is $1.25. How many nickels are in the bag?
Click here to see answer by richwmiller(17219)

Question 900662: a total of $54,000 is to be invested, some in bonds and some in certificates of deposit (CDs). If the amount invested in bonds is to exceed that in CDs by $4,000, how much will be invested in each type of investment?
Click here to see answer by richwmiller(17219)

Question 900891: You plan to invest $19,000 in two funds paying 3% and 4.5
simple interest. (There is more risk in the 4.5 fund) Your goal is to obtain a total annual interest income of $700 from the investments. What is the smallest amount you can invest in the 4.5fund and still meet your objective?
Click here to see answer by richwmiller(17219)

Question 900936: Dots sells a total of 250 T-shirt ($2) and shorts ($4). In April, total sales were $600. How many T-shirt and shorts did Dots sell?
Click here to see answer by richwmiller(17219)

Question 900934: Dots sells T-shirt ($2) and shorts ($4). In April, total sales were $600. People bought 4 times as many T-shirt as shorts. How many T-shirt and shorts did Dots sell?
Click here to see answer by richwmiller(17219)

Question 900957: A part of $6000 was invested at 6% annual interst and remaining at 7% annual interest. At the end of the year the total amount recieved was $6395. How much money was invested at each rate?
Click here to see answer by richwmiller(17219)

Question 900956: A part of $7000 was invested at 4% annual interest and remaining at 9% annual interest. At the end of the year the total amount recieved was $7292. How much money was invested at each rate?
Click here to see answer by richwmiller(17219)

Question 900955: If I invest $5000 at 5% per year, how much money should I invest at 8% per year so that the annual income from the two investments is 6%?
Click here to see answer by richwmiller(17219)

Question 900954: If I invest $6000 at 6% per year, how much mnoey should I invest at 8% per year so that the annual income from the two investments is 7%?
Click here to see answer by richwmiller(17219)

Question 900946: A local salesman receives a base salary of $950 monthly. He also receives a commission of 8% on all sales over $1750. How much would he have to sell in a month if he needed to have a monthly income of $3000?
Click here to see answer by richwmiller(17219)

Question 900912: Joan Gunderson rented the same car model twice from Hertz, which rents this car model for a daily fee plus an addition charge per mile driven. Joan recalls that the car rented for 5 days and driven for 300 miles cost her $178, while the same model car rented for 4 days and driven for 500 miles cost $197. Find the daily fee and find the mileage charge.
Click here to see answer by richwmiller(17219)

Question 900438: Alex wishes to invest $1320 so that the interest from a 5% investment is equal to the interest from a 6% investment. How much should he invest at each rate?
Click here to see answer by richwmiller(17219)

Question 901012: A couple invests $3400 in an account paying 4% compounded quartely. How much is in the account after one year?
Click here to see answer by ewatrrr(24785)

Question 901002: a customer buys three bottles of water
Click here to see answer by richwmiller(17219)

Question 901009: A city government has approved the construction of an $800 million sports arena. Up to $480 million will be raised by selling bonds that pay simple interest at a rate of 5% annually. The remaining amount (up to $640 million) will be obtained by borrowing money from an insurance company at a simple interest rate of 2%. Determine whether the arena can be financed so that the annual interest is $22 million.
Click here to see answer by richwmiller(17219)

Question 900481: Investment of $9,000. Part at 3%, part at 4% (simple interest over 1 year). How much was invested in each account if the interest earned in the 3% account was $32 greater than the interest earned in the 4% account?
PRT=I

Click here to see answer by richwmiller(17219)

Question 901069: A change purse contains an equal number of pennies, nickels, and dimes. The total value of the coins in $1.44. How many coins of each type does the purse contain?
Click here to see answer by richwmiller(17219)

Question 901094: Ryan, a consumer electronic's earns a base salary of $1,200 per month and a commission of 8% on the amount of sales he makes. One month Ryan received a $1,864 paycheck. Find the amount of his sales for the month.

Click here to see answer by JulietG(1812)

Question 901180: If I invested part of $24,000 advance at 2% annual simple interest and the rest at 4% annual simple interest. If my total yearly interest form both accounts was $920, find the amount invested at each rate.
@ 2% =
@ 4% =
Click here to see answer by richwmiller(17219)

Question 901164: A financial advisor invests some money in a municipal bond paying 3% annual interest and $5000 more than that amount in a certificate of deposit paying 4% annual interest. To earn $410 per year in interest, how much should he invest at each rate?
Click here to see answer by richwmiller(17219)

Question 901146: Part of $12000 is invested in 9% bonds and the remainder in common stocks paying 8%. if the yearly income from both investments is $1,04.00, how much was invested in bonds and how much was invested in stocks?
Click here to see answer by richwmiller(17219)

Question 901189: Mardi recieved an inheritance of $70,000. She invested part at 10% and deposited the remainder in tax-free at 7%. Her total annual income from the investmentswas $6400. Find the amount invested at 10%.
Click here to see answer by richwmiller(17219)

Question 901209: Parents set up a trust fund for their children last year. Part of it is 8% simple interest per year while the rest of it is earning 6% simple interest per year. They placed $4000 in the trust fund. In one year the trust fund has earned $280. How much did they invest at each interest rate?

Click here to see answer by richwmiller(17219)

Question 901216: Equal amounts are invested at 2%, 7%, and 9% annual interest. If the three investments yield a total of $774 annual interest, find the total investment.
Click here to see answer by richwmiller(17219)

Question 901219: Myrna Cruz invested a certain amount at Family Bank at 14% interest and another amount in government bonds at 12%, with both investment giving her annual income of $2420. Had she invested both amounts in government bonds, she would have realized only $2100 annually. How much did she invest at each rate?
Click here to see answer by richwmiller(17219)

Question 901238: A total of $8000 is invested: a part at 7% and remainder at 11%. How much is invested at each rate if the annual interest is $690?
Click here to see answer by mananth(16946)

Question 901281: Fred invests a part of P1700 at 8% and the rest at 9%. If the annual incomes from the two investments are equal, how much has he invested at each rate?
Click here to see answer by ewatrrr(24785)

Question 901328: if $8000 is invested in a bank that pays 4% interest, how much more must be invested in bonds at 9% to earn 5% on the total investment?
Click here to see answer by richwmiller(17219)

Question 901191: Josiah found three types of chocolates on special at the local supermarket. A packet of miniature Mars Bars cost $2, extra large Cherry Ripes cost $3 and a box of Cadbury Favourites cost $6. Josiah spent exactly $42. He bought at least one of each of the Chocolate specials. Find all the possible selections he could have made.
Click here to see answer by richwmiller(17219)

Question 901402: Really Need help. 100 question HW. the ones i struggled the most on! Please help

1. Assume your business associate owes you $ 9500. Also assume they offer either $ 7700 now or $ 1900 per year for 5 years, starting now. Assume a 7 % market interest rate, compounded continuously.
How much would you have at the end of 5 years if you choose to take the $ 7700 offer now, and you use the market to earn interest on the funds? $

How much would you have at the end of 5 years if you choose to take the installments each year, and you still used the market to earn interest on the the funds? $
Is it better to take the lump sum? (Y for yes, N for no.)
Click here to see answer by solver91311(24713)

Question 899766: pam earns $468 per year in simpler interest by investing part of her money at 8% and the rest at 6%. if she invests $2000 more of her money at 8% than she invests at 6%, how much money did she invest at 8%?
Click here to see answer by richwmiller(17219)

Question 901423: Clara earned 920 dollars during Spring break. She invested part of her money at 2 \% and the rest at 3 \%. If she received a total of 23.6 dollars in interest at the end of the year, how much was invested at 3 \%?
Click here to see answer by richwmiller(17219)

Question 901536: if $5,000 is invested in a bank that pays 5% interest, how much more must be invested in bonds at 9% to earn 7% on the total investment
Click here to see answer by lwsshak3(11628)

Question 901550: A total of $3500 was invested, part of it at 6% interest and the remainder at 11%. If the total yearly interest amounted to $350, how much was invested at each rate?
Click here to see answer by richwmiller(17219)

Older solutions: 1..45, 46..90, 91..135, 136..180, 181..225, 226..270, 271..315, 316..360, 361..405, 406..450, 451..495, 496..540, 541..585, 586..630, 631..675, 676..720, 721..765, 766..810, 811..855, 856..900, 901..945, 946..990, 991..1035, 1036..1080, 1081..1125, 1126..1170, 1171..1215, 1216..1260, 1261..1305, 1306..1350, 1351..1395, 1396..1440, 1441..1485, 1486..1530, 1531..1575, 1576..1620, 1621..1665, 1666..1710, 1711..1755, 1756..1800, 1801..1845, 1846..1890, 1891..1935, 1936..1980, 1981..2025, 2026..2070, 2071..2115, 2116..2160, 2161..2205, 2206..2250, 2251..2295, 2296..2340, 2341..2385, 2386..2430, 2431..2475, 2476..2520, 2521..2565, 2566..2610, 2611..2655, 2656..2700, 2701..2745, 2746..2790, 2791..2835, 2836..2880, 2881..2925, 2926..2970, 2971..3015, 3016..3060, 3061..3105, 3106..3150, 3151..3195, 3196..3240, 3241..3285, 3286..3330, 3331..3375, 3376..3420, 3421..3465, 3466..3510, 3511..3555, 3556..3600, 3601..3645, 3646..3690, 3691..3735, 3736..3780, 3781..3825, 3826..3870, 3871..3915, 3916..3960, 3961..4005, 4006..4050, 4051..4095, 4096..4140, 4141..4185, 4186..4230, 4231..4275, 4276..4320, 4321..4365, 4366..4410, 4411..4455, 4456..4500, 4501..4545, 4546..4590, 4591..4635, 4636..4680, 4681..4725, 4726..4770, 4771..4815, 4816..4860, 4861..4905, 4906..4950, 4951..4995, 4996..5040, 5041..5085, 5086..5130, 5131..5175, 5176..5220, 5221..5265, 5266..5310, 5311..5355, 5356..5400, 5401..5445, 5446..5490, 5491..5535, 5536..5580, 5581..5625, 5626..5670, 5671..5715, 5716..5760, 5761..5805, 5806..5850, 5851..5895, 5896..5940, 5941..5985, 5986..6030, 6031..6075, 6076..6120, 6121..6165, 6166..6210, 6211..6255, 6256..6300, 6301..6345, 6346..6390, 6391..6435, 6436..6480, 6481..6525, 6526..6570, 6571..6615, 6616..6660, 6661..6705, 6706..6750, 6751..6795, 6796..6840, 6841..6885, 6886..6930, 6931..6975, 6976..7020, 7021..7065, 7066..7110, 7111..7155, 7156..7200, 7201..7245, 7246..7290, 7291..7335, 7336..7380, 7381..7425, 7426..7470, 7471..7515, 7516..7560, 7561..7605, 7606..7650, 7651..7695, 7696..7740, 7741..7785, 7786..7830, 7831..7875, 7876..7920, 7921..7965, 7966..8010, 8011..8055, 8056..8100, 8101..8145, 8146..8190, 8191..8235, 8236..8280, 8281..8325, 8326..8370, 8371..8415, 8416..8460, 8461..8505, 8506..8550, 8551..8595, 8596..8640, 8641..8685, 8686..8730, 8731..8775, 8776..8820, 8821..8865, 8866..8910, 8911..8955, 8956..9000, 9001..9045, 9046..9090, 9091..9135, 9136..9180, 9181..9225, 9226..9270, 9271..9315, 9316..9360, 9361..9405, 9406..9450, 9451..9495, 9496..9540, 9541..9585, 9586..9630, 9631..9675, 9676..9720, 9721..9765, 9766..9810, 9811..9855, 9856..9900, 9901..9945, 9946..9990, 9991..10035, 10036..10080, 10081..10125, 10126..10170, 10171..10215, 10216..10260, 10261..10305, 10306..10350, 10351..10395, 10396..10440, 10441..10485, 10486..10530, 10531..10575, 10576..10620, 10621..10665, 10666..10710, 10711..10755, 10756..10800, 10801..10845, 10846..10890, 10891..10935, 10936..10980, 10981..11025, 11026..11070, 11071..11115, 11116..11160, 11161..11205, 11206..11250, 11251..11295, 11296..11340, 11341..11385, 11386..11430, 11431..11475, 11476..11520, 11521..11565, 11566..11610, 11611..11655, 11656..11700, 11701..11745, 11746..11790, 11791..11835, 11836..11880, 11881..11925, 11926..11970, 11971..12015, 12016..12060, 12061..12105, 12106..12150, 12151..12195, 12196..12240, 12241..12285, 12286..12330, 12331..12375, 12376..12420, 12421..12465, 12466..12510, 12511..12555, 12556..12600, 12601..12645, 12646..12690, 12691..12735, 12736..12780, 12781..12825, 12826..12870, 12871..12915, 12916..12960, 12961..13005, 13006..13050, 13051..13095, 13096..13140, 13141..13185, 13186..13230, 13231..13275, 13276..13320, 13321..13365, 13366..13410, 13411..13455, 13456..13500, 13501..13545, 13546..13590, 13591..13635, 13636..13680, 13681..13725, 13726..13770, 13771..13815, 13816..13860, 13861..13905, 13906..13950, 13951..13995, 13996..14040, 14041..14085, 14086..14130, 14131..14175, 14176..14220, 14221..14265, 14266..14310, 14311..14355, 14356..14400, 14401..14445, 14446..14490, 14491..14535, 14536..14580, 14581..14625, 14626..14670, 14671..14715, 14716..14760, 14761..14805, 14806..14850, 14851..14895, 14896..14940, 14941..14985, 14986..15030, 15031..15075, 15076..15120, 15121..15165, 15166..15210, 15211..15255, 15256..15300, 15301..15345, 15346..15390, 15391..15435, 15436..15480, 15481..15525, 15526..15570, 15571..15615, 15616..15660, 15661..15705, 15706..15750, 15751..15795, 15796..15840, 15841..15885, 15886..15930, 15931..15975, 15976..16020, 16021..16065, 16066..16110, 16111..16155, 16156..16200, 16201..16245, 16246..16290, 16291..16335, 16336..16380, 16381..16425, 16426..16470, 16471..16515, 16516..16560, 16561..16605, 16606..16650, 16651..16695, 16696..16740, 16741..16785, 16786..16830, 16831..16875, 16876..16920, 16921..16965, 16966..17010, 17011..17055, 17056..17100, 17101..17145, 17146..17190, 17191..17235, 17236..17280, 17281..17325, 17326..17370, 17371..17415, 17416..17460, 17461..17505, 17506..17550, 17551..17595, 17596..17640, 17641..17685, 17686..17730, 17731..17775, 17776..17820, 17821..17865, 17866..17910, 17911..17955, 17956..18000, 18001..18045, 18046..18090, 18091..18135, 18136..18180, 18181..18225, 18226..18270, 18271..18315, 18316..18360, 18361..18405, 18406..18450, 18451..18495, 18496..18540, 18541..18585, 18586..18630