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

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Question 901400: A bank loaned out $16,000, part of it at the rate of 7% per year and the rest at 17% per year. IF the interest recieved in one year totaled $1,500, how much was loaned at 7%
Click here to see answer by richwmiller(17219)

Question 901375: The financial board of a corporation invested $30,000 overseas, part at 7% and part at 8% annual interest. Find the amount invested at each rate if the first-year combined income from the two investments was $2,210.
Click here to see answer by richwmiller(17219)

Question 901635: Some Serate dorm scholars agree to pay equally the cost of an algebra book and each pays Php 12.00. If there had been two more scholars, each would have paid Php 8.00 only. How many scholars were there and how much was the cost of the book?
Click here to see answer by mananth(16946)

Question 901700: Antiperspirant deodorant contains 54% aluminum chlorohydrate. Ow much water must be added to 50 mL of this deodorant reduce it to one which is 45% aluminum chlorohydrate?
Click here to see answer by josmiceli(19441)

Question 901739: The sum of 1200 is invested in three project,at a ratio of 4,5,6 respectively the expected cash flow per annum is 700 ,the combined income for project x and y is 140 more than the income from project Z calculate the amount invested in project
Click here to see answer by richwmiller(17219)

Question 901857: University Theater sold 556 tickets for a play. Tickets cost $22 per adult
and $12 per senior citizen. If total receipts were $8492, how many senior
citizen tickets were sold?
Click here to see answer by ewatrrr(24785)

Question 901864: How long will it take $800 to double itself at 9% simple interest?
Click here to see answer by stanbon(75887)

Question 901861: Please help, ive been stuck on this question for the last 45 mins.
QUESTION: A man invested half of his money at 5%, one-third of his money at 4%, and the rest of his money at 4.5%. If his total annual investment income was $550, how much had he invested?
What i got so far:
x/2(.05)+x/3(.04)+( i dont know what would go here)(.045)=$550
Thank you so much for your help in advance!!
Click here to see answer by ewatrrr(24785)

Question 901886: A tour group split into two groups when waiting in line for food at a fast
food counter.
The first group bought 8 slices of pizza and 4 soft drinks for $36.12.
The second group bought 6 slices of pizza and 6 soft drinks for $31.74.
How much does one slice of pizza cost?
The answer is 3.74 per slice of pizza, but my task is to figure out how to get the answer. I do not understand this at all, so if you could help me I would really appreciate it.
Click here to see answer by richwmiller(17219)

Question 902025: A bank loaned out $67,000, part of it at the rate of 12% per year and the rest at a rate of 6% per year. If the interest received was $6060, how much was loaned at 12%?
Click here to see answer by richwmiller(17219)

Question 902080: Tony has a total of 12,500 in two accounts. One account pays 2% simple interest per year and the other pays 5% simple interest. If he earned $370 in interest in the first year, how much did he invest in each account?
Click here to see answer by richwmiller(17219)

Question 901696: Joey has two investmentstotaling $15000 he receives 8%from one and 7% iterest from the other. The 8% investment yields an anual income that is $150 less than the income from the 7% investmentfind the amount invested from each rate

Click here to see answer by richwmiller(17219)

Question 902165: Two bond funds pay interest at rates that differ by 4%. Money invested for one year in the first fund earns $440 interest. The same amount invested in the other fund earns $660. Find the lower rate of interest.
Click here to see answer by richwmiller(17219)

Question 902206: You decide to you need a new computer. The cost of the computer is $1152. However, the store also offers a rent to own option with will cost $53 per week for 24 weeks. How much more will the rent to own option cost after you have made all of the payments?
Click here to see answer by Fombitz(32388)

Question 902241: nico is saving money for his college education he invests some money at 7% and $2200 less than that at 6% the invests produced a total of $245 interest in 1 yr how much did he invest at each rate
Click here to see answer by richwmiller(17219)

Question 902259: Last year, Brian earned a total of $140 in interest from two savings accounts. He saved a total of $3000, part at 3% and the rest at 5%. How much did he invest in the 5% account?
Click here to see answer by ewatrrr(24785)

Question 902258: Larry Mitchell invested part of his
$16,000
advance at
5%
annual simple interest and the rest at
6%
annual simple interest. If his total yearly interest from both accounts was
$850,
find the amount invested at each rate.
Click here to see answer by ewatrrr(24785)

Question 902279: A man has $5000 to invest. He invests part of it at 4 per cent, and the rest at 3 per cent. His total income from both investments is $300. How much has he invested at 4%?
Click here to see answer by richwmiller(17219)

Question 902343: please help me solve and explain this word problem:
An investment club invested part of $8000 at 10% annual interest and the rest at 12%. If the annual income from these investments is $900, how much was invested at each rate?
I understood to have "let" statements. So my "let" statements are: let x=10% annual interest and let Y=12% annual interest. I know to find two equations; how much is invested but I don't know the other one.
Thank you for reading and trying to answer my questions.
Click here to see answer by jim_thompson5910(35256)

Question 902430: How much must be placed in a five-month term deposit earning 4.6% simple interest in order to earn $510 interest?
Click here to see answer by jim_thompson5910(35256)

Question 902514: Travis has a total of 6,000 invested in two accounts. The total amount of interest he earns from the accounts in the first year in $380. If one account pays 4% per year and thr other pays 11% per year, how much did he invest in each account?
Click here to see answer by richwmiller(17219)

Question 902512: A woman has a total of $10,000 to invest. She invests part of the money in an account that pays 6% per year and the rest in an account that pays 10% per year. If the interest earned in the first year is $760, how much did she invest in each account?
Click here to see answer by richwmiller(17219)

Question 902461: Phyllis invested $12,500, a portion earning a simple interest rate of 3.5%
per year and the rest earning a rate of 3% per year. After one year the total interest earned on these investments was $420.00. How much money did she invest at each rate?
Click here to see answer by richwmiller(17219)

Question 902572: 8000 people attend a game. 2000 are children what fraction of the people were adults? and what fraction of the people were children?
Click here to see answer by Jc0110(165)

Question 902548: The smallest angle in a triangle is one-third of the largest angle. The third angle is 10 degrees more than the smallest angle. Find the measure of all three angles.
Click here to see answer by ewatrrr(24785)

Question 902541: A livestock pen is built in the shape of a rectangle that is twice as long as it is wide. The perimeter is 48 feet. If the material used to build the pen is $1.25 per foot for the longer sides and $3.25 per foot for the shorter sides, find the cost to build the pen.
Click here to see answer by Stitch(470)

Question 902518: How much must be placed in a five-month term deposit earning 4.3% simple interest in order to earn $490 interest? (Round your answer to the nearest cent.)
Click here to see answer by ewatrrr(24785)

Question 902466: An investment of $5000 earns $600 each year. At the same rate, how much money must be invested to earn $900 each year?

Click here to see answer by ewatrrr(24785)

Question 902642: A man earns $112 interest in one year on an investment of $1,400. What was his rate of interest?
Click here to see answer by ewatrrr(24785)

Question 902691: Suppose you invest $3,600 in stocks and bonds paying 7% and 3%, respectively. The interest from both investments after one year is $156. For the following problems, use x for the amount invested in stocks and y for the amount invested in bonds.
a) Write a mathematical expression for the total amount of money invested.
Answer:
b) Write a mathematical expression for the total interest earned.
Answer:
c) How much money was invested in bonds?
Answer:
Click here to see answer by richwmiller(17219)

Question 902729: what would your deposit have to be to have $50,000 by the time you retire if you have 20 years at 6%
Click here to see answer by stanbon(75887)

Question 902753: A store manager mixes candy worth 90 cent per pound with gumdrops worth $1.50 per pound to make 20 pounds of a mixture worth $1.20 per pound. how many pounds of each kind of candy does he use?
Click here to see answer by Alan3354(69443)

Question 902756: Sarah invested $5000. She invested part of the money at 8% per year and the rest at 6% per year. After a year she earned $356. How much she did she invest at each rate?

Click here to see answer by ewatrrr(24785)

Question 902752: A women has 27,000. part is invested for 1 year in certificate of deposit paying 7% interest, and the remaining amount in a cash management fund pay 9%. after 1 year, the total interest in the two investment is $2,110. how much is invested at each rate?
Click here to see answer by ewatrrr(24785)

Question 902765: A workman's basic hourly wage is $12, but he receives one and a half times his hourly rate for any hours worked in excess of 40 per week. If his paycheck for the week is $750, how many hours of overtime did he work?

Click here to see answer by stanbon(75887)

Question 902778: A city government has approved the construction of an $800 million sports
Click here to see answer by richwmiller(17219)

Question 902787: A city government has approved the construction of an $800 million sports arena.
Click here to see answer by richwmiller(17219)

Question 902786: Six hundred people attended the premiere of a motion picture. Adult tickets cost $14, and children were admitted for $2. If box office receipts totaled $3840, how many children attended the premiere?
Click here to see answer by richwmiller(17219)

Question 902893: A person makes annual payments of $1000 into an ordinary annuity. At the end of 5 years, the amount in the annuity $5806.07. What annual nominal compounding rate has this annuity earned? Round to the nearest 2 decimal places.
Click here to see answer by swincher4391(1107)

Question 902903: Tom's savings account balance increased by $98.60 per month from January to May. His balance at the end of January was $1050.00 Find his account balance at the end of May (Rounded to the nearest dollar).
Click here to see answer by josmiceli(19441)

Question 902922: Find the amount of interest earned by $8,000 invested at a 5% annual simple interest rate for 1 year.
Click here to see answer by ewatrrr(24785)

Question 903068: A total of $25,000 is invested in two funds paying 3% and 3.5% simple interest. The annual interest is $835. How much is invested in each fund?
Click here to see answer by ewatrrr(24785)

Question 903095: A jazz group on tour has been drawing average crowds of 600 people. It is projected that for every $1 increase in the $11 ticket price, the average attendance will decrease by 60. At what ticket price will nightly receipts be $4,800?
Click here to see answer by AlgebraLady88(44)

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