Tutors Answer Your Questions about Money Word Problems (FREE)
Question 903199: Deedee invested $2000, part at 7% per annum and the rest at 8% per annum. After one year, the interest earned on the 7% investment was $50 more than the interest on the 8% investment. How much (money) did she invest a each rate?
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Question 902422: Chelsea took out three loans for a total of $79,000 to start an organic orchard. Her business equipment loan was at an interest rate of 11%, the small business loan was at an interest rate of 5%, and her home equity loan was at an interest rate of 4.5%. The total simple interest due on the loans in one year was $4590. The annual simple interest on the home equity loan was $260 more than the interest on the business equipment loan. How much did she borrow from each source?
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Question 903282: Marko invested $300 000 in stocks, bonds and a savings account at the rates shown on the right. (stocks=15%, bonds=10%, savings=4%). He invested 4 times as much in stocks as he invested in the savings account. After one year, he earned $35 600 in interest. How much money did he put into each type of investment?
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Question 902803: At 6 A.M. a snowplow, traveling at a constant speed, begins to clear a highway leading out of town. At 8 A.M. an automobile begins traveling the highway at a speed of 35 mi/hr and reaches the plow 20 minutes later. Find the speed of the snowplow.
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Question 903801: A basketball team sells tickets that cost $10, $20, or, for VIP seats, $30. The team has sold 545 tickets overall. It has sold 163 more $20 tickets than $10 tickets. The total sales are $9770. How many tickets of each kind have been sold?
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Question 903890: To provide change for a day's business, a merchant buys $75 worth half dollars, quarters, dimes, and nickels. Altogether there are 360 coins, and the number of half dollars is the same as the number of quarters, and the number of dimes is the same as the number of nickels. Find the number of coins of each investments.
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Question 903889: A man makes three investments totaling $24,000 with interest rates at 6%, 7%, and 8%. The total annual income is $1720, and the income from 7% investment is $40 less than the combined income from the other investments. Find the amount of each investment.
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Question 903888: A man makes three investments totaling $24,000 with interest rates at 6%, 7%, and 8%. The total annual income is %1720, and the income from 7% investment is $40 less than the combined income from the other investments. Find the amount of each investment.
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Question 902777: the cost of part time student is determined by a fixed activity fee plus a fixed tuition amount per credit. One student is taking 6 credits and is paying $770. The other one is taking 9 credit, $ 1130.
Rate of change = 120?
Write a linear function for the college cost situation.
What does the vertical intercept of your linear function represent in the context?
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Question 904027: A financial service recommends that a client purchase a corporate bond for $15,000 that earns 6% annual simple interest. how much additional money must be places in U.S. government securities that earn a simple interest rate of 3.5% so that the total annual interest earned from the two investments is 5% of the total investment?
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Question 904129: Joe the grocer bought some oranges at the cost of 3 for 48 cents, then twice as many at the cost of 4 for 58 cents. In order to make a profit of 25%, he must sell them all at a price of 4 for m cents. The value of m in cents is:
A) 60
B) 75
C) 80
D) 62
E) 63
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Question 904043: A furniture store marks up the price that it pays the manufacturer for dining room sets by 30%. If the furniture store puts a selling price of $2499.99 on a dining room , what did the furniture store pay for the set? Round your answer to the nearest cent.
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Question 904185: I need help solving this:
A company ABC asked you to design a simple payroll program that calculates and employee's weekly gross pay, including any overtime wages. If employees work over 40 hours in a week, they will get 1.5 times of their regular hourly rate for all hours over 40.
This is the answer that I am supposed to get $1650 . Everytime I try to solve it I get 2,250 as the weekly gross pay.
Enter weekly hours worked: 50
Enter hourly rate: 30
Weekly gross pay: $ 1650
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Question 904223: Natalia spent $28.10 at an office supply store when she purchased boxes of pens and paper clips. The pens cost $3.50 per box, and the paper clips cost $0.70 per box. How many boxes of each did she buy if she purchased 10 items all together?
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Question 904280: kevin invested part of his $10,000 bonus in a certificate of deposit that paid 6% annual simple interest, and the remainder in a mutual fund that paid 11% simple interest. If his total interest for the year was $900.00, how much did kevin invest in the mutual fund?
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Question 904304: vincent and ricarda have invested $27,000 in bonds paying 5%. how much additional money should they invest in a certificate of deposit paying 2% simple interest so that the total annual return on the two investments will be 4%.
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Question 904476: To make a flour mix, a miller combined soybeans that cost $5.30 per bushel with wheat that cost $3.50 per bushel. How many bushels of each were used to make a mixture of 810 bushels that cost $4.00 per bushel?
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Question 904473: The annual interest earned on two investments is $479. One investment is in a 2.3% tax-free annual simple interest account, and the other investment is in a 5.3% annual simple interest CD. The total amount invested is $13,000. How much is invested in each account?
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Question 904386: Diane's annual salary is
$26,000
. A total of
$7041.08
will be deducted for taxes and health insurance. She will receive her paycheck monthly in
12
equal installments. How much will she get paid with each paycheck?
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Question 904881: A football team has won 54 out 75 games played. With 45 games still to go, what percentage of these must be won to give the team a record for the season of 60% games won out of all games played? ( answer is 40% show your solution )
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