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

Tutors Answer Your Questions about Money Word Problems (FREE)

Question 89699: if $8000 is invested at a rate of 5% compounded continuously,how would you find the balance in the account after 7 years bt using the formula A=Pe^rt.
Click here to see answer by stephenpsp(1)

Question 89834: Soft drinks are on sale aat the grocery store for $2.99 for a twelve pack. How much would each can of soft drink cost if it was purchased individually?
Click here to see answer by ccjcjl(1)

Question 89826: 1.Write the equation for finding the value of V of P dollars invested at an interest rate of R compounded annually for T years.
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2.Write the equation for finding the value of V of P dollars invested at an interest rate of R compounded semiannually for T years.
Click here to see answer by stanbon(75887)

Question 89915: ) Business and finance. A coffee merchant has coffee beans that sell for $9 per pound and $12 per pound. The two types are to be mixed to create 100 lb of a mixture that will sell for $11.25 per pound. How much of each type of bean should be used in the mixture?

Click here to see answer by stanbon(75887)

Question 90037: find the interest rate for a simple interest loan with P=$1420, I=$306.72, t=3 years
Click here to see answer by stanbon(75887)

Question 89830: Jemma Montini buys flowers and sells fancy centerpieces for tables.Her fixed costs
are $125 a month. She pays $9 per centerpiece for the flowers, decorations, and basket. She charges
$17 for each centerpiece.
Let x represent the number of centerpieces.
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1. Write the cost function for Jemma's business.
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2. Write the revenue function.
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3. Write the profit function.
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4. Find Jemma's profit or loss if she sells 10 centerpieces.
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5. Find Jemma's profit or loss if she sells 20 centerpieces.
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12. Graph the cost function function on the axes at the right.
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13. What appears to be the break-even point?
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14. solve two equations simultaneously to find the break-even point.
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Please help me here and I greatly appreciate it if you help me. Once again
please and thank you sooo much.
Click here to see answer by ankor@dixie-net.com(22740)

Question 90065: Could someone please help me in solving this problem, the answer I came up with was $25,759.
A financial advisor suggests to a client that she invest part of her portfolio in municipal bonds earning 6.5% annual simple interest, and the remainder in corporate bonds earning 8.5% interest. If she has $30,000 in her portfolio, how much should she be putting in the corporate bonds if she is to earn $2,190 in interest each year.
I have even tried solvers.

Click here to see answer by stanbon(75887)

Question 90299: Last year Rattner Robotics had $5 million in operating income (EBIT). The company had net
depreciation expense of $1 million and interest expense of $1 million; its corporate tax rate
was 40 percent. The company has $14 million in current assets and $4 million in non-interest-
bearing current liabilities; it has $15 million in net plant and equipment. It estimates that
it has an after-tax cost of capital of 10 percent. Assume that Rattner's only noncash item was
depreciation.
a. What was the company's net income for the year?
b. What was the company's net cash flow?
c. What was the company's net operating profit after taxes (NOPAT)?
d. What was the company's operating cash flow?
e. If operating capital in the previous year was $24 million what was the company's free cash
flow (FCF) for the year?
f. What was the company's Economic Value Added (EVA)?

Click here to see answer by jim_thompson5910(35256)

Question 90360: A three piece suit costs exactly $100. No more no less. It has a vest, pants and a coat. The pants cost twice as much as the vest. The coat costs twice as much as the pants. How much does each piece cost.
Click here to see answer by stanbon(75887)

Question 90352: Acme movers charges $120 plus $45 per hour to move a household across town. Hank's movers charges $65 per hour. For what interval of time will Hank's movers cost less?.
Click here to see answer by checkley75(3666)

Question 90413: If someone could help me with this word problem I would very appreciative.
Business and finance. In planning for a new item, a manufacturer assumes that the number of items produced x and the cost in dollars C of producing these items are related by a linear equation. Projections are that 100 items will cost $10,000 to produce and that 300 items will cost $22,000 to produce. Find the equation that relates C and x.
Click here to see answer by bucky(2189)

Question 90521: A merchant marks her goods up by 50% and then offers a 20% discount on the list price. what % profit does the merchant finally make?
Click here to see answer by checkley75(3666)

Question 90555: This question may make you hungry! :) Please solve and explain so I may use for other problems:
3 burgers and 4 orders of fries total $16.80. 2 burgers and 6 orders of fries total $17.20. How much does one burger cost? How much does one order of fries cost?
Thank you! :)

Click here to see answer by checkley75(3666)

Question 89815: DEBBIE AND NORRIS BOUGHT A TELEVISION TOGETHER. DEBBIE PAID FOR THE TELEVISION WITH HER DEBIT CARD FOR $2110.00. NORRIS GAVE DEBBIE $750.00 CASH TOWARDS THE TELEVISION. NORRIS ALSO BOUGHT A TV STAND FOR $394.96. NORRIS ALSO BOUGHT A POWER SURGE AND CABLES FOR $115.00. DOES NORRIS OWE DEBBIE ANY MONEY, AND IF SO HOW MUCH? THANKS PLEASE REPLY.
Click here to see answer by bucky(2189)

Question 90654: The start-up cost for producing widgets is $449, and each widget costs $91 to produce. Write the function relating x (number of widgets produced) with C(x) or the cost for producing that many widgets.
Thank you.
Click here to see answer by stanbon(75887)

Question 90803: Ron sold 798 towles and soad despensers. Towles were sold at $6.00 each and despensers for $2.50 each. The total sales came to $3,223.50. How many of each were sold?
Click here to see answer by malakumar_kos@yahoo.com(315)

Question 91528: I need help with this Word Problem:
A particular style of shoe costs the dealer $81 per pair. At what price should the dealer mark them so he can sell them at a 10% discount off the selling price and still make a 25% profit?
Thanks for your help!
Click here to see answer by stanbon(75887)

Question 91539: Thank you for helping me> I really appreciate you taking time out of your
schedule. Thanks again!
The revenue for a sandwich shop is directly proportional to its advertising budget. The owner spent $2,000 a month for advertising, the revenue is $120,000.If the revenue now is $180,000, how much is the owner spending on advertising?
Click here to see answer by stanbon(75887)

Question 91658: Seth sold 16 tickets to a school play. Of these, a were adults' tickets at $3.75 each. The rest were children's tickets at $2.50 each. How much money did seth collect?
Click here to see answer by stanbon(75887)

Question 91820: 1) If you have $7.00 now and $8.10 in 3 years, what is the Effective Annual Interest Rate?
2) If you have $9.00 now and $11.84 in 7 years, what is the Effective Annual Interest Rate?
Click here to see answer by mathispowerful(115)

Question 91819: 1) If you have $7.00 now and $8.10 in 3 years, what is the Effective Annual Interest Rate?
2) If you have $9.00 now and $11.84 in 7 years, what is the Effective Annual Interest Rate?
Click here to see answer by mathispowerful(115)

Question 92135: A stamp collection consists of 5, 13, and 18 cent stamps. The number of 13 cent stamps is one less than twice the number of 5 cent stamps. The number of 18 cent stamps is five more than the number of 13 cent stamps. The total value of all the stamps is $2.60. Find the number of 13 cent stamps in the collection.
Click here to see answer by stanbon(75887)

Question 92293: If you deposit money today into an account that pays 6.5% interest, how long will it take for you to double your money?
I am having difficulty figuring this out and need some help to solve this problem. Thanks
Click here to see answer by Nate(3500)

Question 92369: If the sales tax rate is 6.5% and the tax on a purchase is $39, what was the amount of the purchase?
Click here to see answer by stanbon(75887)

Question 92179: 8. Jacob Mfg Co. is considering an investment in a new machine costing $ 25,000. The machine is expected to provide the following returns over the next 5 years.
Year 1: $ 5000
Year 2: $ 6000
Year 3: $ 7500
Year 4: $ 7500
Year 5: $ 9500.
These returns are received at the end of each year. If the firm requires 20% return on investment, should it purchase the machine?
Answer is : NO.

Please answer by Wednesday 15th August, 2007.
Click here to see answer by faseka(2)

Question 92296: What is the furture value of a 5-year annuity due that promises to pay you $300 each year? Assume that all payments are reinvested at 7% a year, until year 5.

I am so frustrated with this. I have come up with too many different figures to the point I am now confused. Please help.
Click here to see answer by stanbon(75887)

Question 92491: #82) write m^20 as a power of m^5

#86) what expression raised to the fourth power is 81x^12y^8z^16?
(this is 81x to the power of 12 then y to the power of 8 then z to the power of 16)
Click here to see answer by ankor@dixie-net.com(22740)

Question 92585: I just need some guidance on what information I'm not including to accomplish my goal. I tutor myself, but these type of word problems give me trouble.
Martha currently drives 10 miles to work (one way) where she makes $13.00/hour.
Her new job is 7 miles further (one way) than her old job. How much of a raise should she ask for to compensate for the increase in distance?
What other information do I need, and what formula(s) should I be using?
Thanks
Debby
Click here to see answer by ankor@dixie-net.com(22740)

Question 92746: Two planes set out at 3pm from the same airfield headed in the same direction. The average speed of the first plane is 250mph slower than twice the speed of the second plane. In 3hrs. the first plane is 300 miles ahead of the second plane. How far did the second plane travel?
Click here to see answer by Tats(1)

Question 92799: Could you please help me with this question? Thank you.
Question Below:
Hannah had dinner at her favorite restaurant. If the sales tax rate is 4% and the sales tax on the meal came to $1.25, what was the total cost of the meal, including sales tax and a 20% tip?
Click here to see answer by brandiann(1)

Question 92742: A jeweler purchases a diamond ring for $350 and fixes a selling price of $700 on the ring. Find the markup rate.
Click here to see answer by checkley75(3666)

Question 92740: A coffee merchant wants to make 25lbs of a blend of coffee to sell for $4.25 per pound. The blend is made by using a $6.00 grade and a $3.50 grade of coffee. How many pounds of each grade of coffee should be used?
Click here to see answer by checkley75(3666)

Question 92923: Miss Santos invested half of her money at 1% and half at 8% per year. Her annual income from the two investments was 7,500 pesos. How much did she invest at each rate?
Click here to see answer by psbhowmick(878)

Question 92885: A man is paid Php300 for each day he works and forfeits Php80 for each day he is idle. At the end of 20 days he nets Php4,500. How many days did he work?
Click here to see answer by stanbon(75887)

Question 93212: Please help me solve this: How many pounds of tea worth $1.50 per pound should be mixed with tea worhth $1.70 per pound to make 40 pounds of blended teas to sell at $1.55 per pound? Thank you
Click here to see answer by checkley75(3666)

Question 93396: ajit started off eagerly and ran the first 350m of the race at 25.2km/h.then setting into a steady 18km/h he ran the next 1000m.he made a dash for it toward the finishing line,running the last150m at 27km/h.how much time did he take to finish the race and what was his average speed.
Click here to see answer by ankor@dixie-net.com(22740)

Question 93552: Could anyone let me know if I have done this problem correct?
A gold bracelet id discounted at 40% and sold for $750. Find the regular price of the bracelet. I have it being $1050.00
Click here to see answer by Edwin McCravy(20054)

Question 93553: Could I please get some help with this problem?
The manager of an appliance shop uses a markup rate of 30%. The selling price of a microwave oven is $300.00 Find the cost of the microwave oven. Thanks for all your time.
Click here to see answer by bucky(2189)

Question 93664: Could someone please help me with my algebra? Here is my question I'm not sure how to set it up either.
Find the selling price per pound of a tea mixture made from 40lb of tea costing $5.40 per pound and 60lb of tea costing $3.25 per pound. Thanks for your help.
Click here to see answer by stanbon(75887)

Question 93846: jim sells a statue for $670 which is 35% profit over his cost. How much did the statue originally cost him?
Click here to see answer by checkley75(3666)

Question 94304: A camcorder that regularly sells for $900 is on sale for $750. Find the discount rate.
Click here to see answer by checkley71(8403)

Question 94553: Suppose your club is selling candles to raise money. It costs $100 to rent a booth from which to sell the candles. If the candlles cost your club $1 each and are sold for $5 each, how many must be sold to equal your expenses?
Click here to see answer by jayanthihemkos@yahoo.com(87)

Question 94746: A wallet contains $5 bills and $10 bills. There are 15 bills in the wallet with a total value of $120. Determine the number of $5bills and the number of $10 bills in the wallet.
Click here to see answer by ptaylor(2198)

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