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

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Question 908036: An investment of $2000 is made at an annual simple interest rate of 5.5%. How much additional money must be invested at an annual simple interest rate of 7% so that the total interest earned is 6% of the total investment?
Click here to see answer by richwmiller(17219)

Question 908090: Henry puts $5,500 into savings bonds that pay a simple interest rate. of 2.5%. How much money will the bonds be worth at the end of 5 years?
Click here to see answer by stanbon(75887)

Question 908114: after spending $36 on movie tickets, juanita still has 3/5 of the total amount of money she brought with her. How much money does juanita still have?
Click here to see answer by JulietG(1812)

Question 908134: Reduce the following ratio to its lowest terms and to an equivalent ratio having the smallest term 1.
69 : 207 : 161
Click here to see answer by josgarithmetic(39615)

Question 908131: Phillip and Richard invested equal amounts of money in a business. A year later, Phillip withdrew $1,500.00 making the ratio of their investments 1 : 5. How much money did each of them invest in the beginning?
Click here to see answer by richwmiller(17219)

Question 907940: Leila invested her savings in two investment funds. The $4000 that she invested in Fund A returned a 3%
profit. The amount that she invested in Fund B returned a 10% profit. How much did she invest in Fund B, if both funds together returned a 6% profit?

Click here to see answer by richwmiller(17219)

Question 907349: Two accounts are opened at the same time. You deposit 1450 dollars into the first account, which earns interest at an effective rate of 5.5 percent. At the same time, you deposit 180 dollars into the second account, which earns an effective rate of 12.8 percent. How long will it take for the balance in the first account to be exactly twice the balance in the second account?
Click here to see answer by richwmiller(17219)

Question 908190: Ingrid invested $24,000 in two separate accounts, a mutual fund and a CD that pay 8% and 9% annual interest, respectively. If her annual interest was $2,020 how much did she invest in each account?
Click here to see answer by AlgebraLady88(44)

Question 908242: Dan had two accounts
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Question 908255: Dan had two accounts he invested twice as much at 6% as he did at 5% if his annual interest is $68 how much did he invest in each
Click here to see answer by richwmiller(17219)

Question 908239: Dan had two accounts.
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Question 908266: An investor wishes to realize a
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Question 908425: how much simple interest is earned in one year from two accounts bearing 4% and 6% respectively? the first contains $3000 and the second $2500.
this is Algebra 2
any help is appreciated
thank you
Click here to see answer by josmiceli(19441)

Question 908557: Two investments totaling $36000 produce an annual income of $2715. one investment yields 6% per year, while the other yields 9% per year. How much is invested at each rate?
Click here to see answer by richwmiller(17219)

Question 908612: a bank loaned out 12000 part of it at the rate of 8 per year and the rest at 18% per year. if the interest in one year totaled $3000, how much was loaned at 8%?
Click here to see answer by ewatrrr(24785)

Question 908608: A savings account at a bank gives you 3% interest. If you deposit $500 how much interest will you gain? Solve the scenario.
Click here to see answer by Alan3354(69443)

Question 908718: OK THESE LAST THREE I KEEP GETTING WRONG HELP !!!

A home builder obtained a preconstruction loan of $60,000 for 3 months at an annual interest rate of 8.2%. What is the simple interest due on the loan

Find the simple interest Kara Tanamachi owes on a 1 1/2 year loan of $7200 at an annual interest rate of 6.8%
A credit union lends a member $6100 for college tuition. The loan is made for 18 months at an annual simple interest rate of 6.1%. What is the maturity value of this loan?
Click here to see answer by stanbon(75887)

Question 908719: Your uncle lends you $3,700 less $74 (interest at 2 percent), and you receive $3,626. The loan is for one year and will be repaid in one lump sum at the end of the year. What is my true annual interest rate?
Click here to see answer by Alan3354(69443)

Question 908727: Your favorite aunt put money into a savings account for you. The account earns simple interest; that is, it increases by a fixed amount each year. After 2 years your account has $8250 and after 5 years it has $9375.
The question asks to construct an equation and find the initial principal.
we have been using the formula is Y= M(x)+b. i do not understand what to use or how to find the equation.
Click here to see answer by josmiceli(19441)

Question 908710: Suppose you invest money in two accounts. One of the accounts pay 10% annual interest, whereas the other pays 12% annual interest. If you have $3,000 more invested at 12% than you invested at 10% , how much do you have invested in each account if the total amount of interest you earn in a year is $1,240 ?

Your investing $ in the 10% account and $ in the 12% account?
Click here to see answer by richwmiller(17219)

Question 908744: How much interest is owed on $19,000 at 9% per year for three years?
Click here to see answer by Alan3354(69443)

Question 908775: Tickets to a local movie theater were sold at $6.00 for adults and $4.50 for students. If 430 tickets were sold for a total of 2175.00 how many student tickets were sold?
Click here to see answer by richwmiller(17219)

Question 908566: Sally invested $6000, part at %6 simple interest and a part at 4% simple interest for a period of 1 year. how much did she invest at each rate if each account earned the same interest?
Click here to see answer by richwmiller(17219)

Question 908827: How long will $1500 need to be invested at a 7.2% annual interest rate to earn $270?
Click here to see answer by jim_thompson5910(35256)

Question 908885: Phyllis invested $10,000, a portion earning a simple interest rate of
9(1/5)% per year and the rest earning a rate of 9% per year. After one year the total interest earned on these investments was $915.00. How much money did she invest at each rate?
Click here to see answer by richwmiller(17219)

Question 908917: Sam is trying to make the perfect lemonade. He has made samples with different strengths of lemon juice. Sample A is 15% pure lemon juice and sample B is 12.5 %pure lemon juice. Sam thinks Sample A is a little too strong so he mixes 3 cups of sample A with 2 cups of Sample B. What percent of his mixture is pure lemon juice?
Click here to see answer by josgarithmetic(39615)

Question 908919: Taylor took 6 hours to drive home from college for Thanksgiving break, a total distance of 290 miles. She was able to average 50 miles per hour for part of the trip but had to slow down to 45 miles per hour for the rest of the time due to poor weather. How many hours did she drive at each speed?
Click here to see answer by mananth(16946)

Question 908912: tamara invested 8000 in two different accounts. The first account has a simple interest rate of 3% and the second account has a simple interest rate of 4%. If the firs account earns $37 more interest than the second account at the end of one year, how much did she invest in each account?
Click here to see answer by richwmiller(17219)

Question 908900: $10,637 is invested, part at 13% and the other at 6%. If the interest earned from the amount invested at 13% exceeds the interest earned from the amount invested at 6% by $880.07, How much is invested at each rate?
Click here to see answer by mananth(16946)

Question 908896: your friend bill borrowed some money from his parents to buy a used motorcycle and agreed to pay it off at $17 a week. After 13 weeks he still owes $544.
Click here to see answer by JulietG(1812)

Question 908863: what is a 7/8/2 trade discount series
Click here to see answer by JulietG(1812)

Question 908963: Sam invested his savings in two investment funds. The amount he invested in Fund A was $8000 less than the amount he invested in Fund B. Fund A returned a 5% profit and Fund B returned a 3% profit. How much did he invest in Fund B, if the total profit from the two funds together was $640?
Click here to see answer by richwmiller(17219)

Question 909028: Find the effective annual interest rate r of the given annual interest rate. Round your answer to the nearest 0.01%.
11% compounded monthly.
r=_______ %

Click here to see answer by ewatrrr(24785)

Question 909030: I want to be earning an annual salary of $100,000 when I retire in 14 years. I have been offered a job that guarantees an annual salary increase of 4% per year, and the starting salary is negotiable. What is the lowest salary that I should request in order to meet my goal? (Round your answer to the nearest cent.)
Click here to see answer by ewatrrr(24785)

Question 909026: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 8% interest compounded quarterly. By how much will your deposit have grown after 4 years? (Round your answer to the nearest cent.)
Click here to see answer by ewatrrr(24785)

Question 909011: Samy sold his dining table set at a loss of 20%. If he had sold it for $800 more, he would have received a profit of 5%. Find the cost price
Click here to see answer by ewatrrr(24785)

Question 908985: logan is an office who earns a 21,000 doller bas salery. she also earns 8% commission on sales. how much must she sell to earn of $64,000 ?

Click here to see answer by ewatrrr(24785)

Question 909068: Pretensions Spa makes $10 on each pedicure and $17 on each foot massage. A pedicure takes 25 minutes, a massage takes 75 minutes, and there are 10 employees who each work 6 hours per day. The spa can schedule 60 appointments per day. How many appointments in one day should be pedicures in order to maximize profit? What is the maximum profit?
Click here to see answer by JulietG(1812)

Question 909095: Use an inequality and solve.
Karen's financial aid stipulates that her tuition not exceed $1000. If her local community college charges a $35 registration fee plus $375 per course, what is the greatest number of courses for which karen can register?

Click here to see answer by stanbon(75887)

Question 909104: An executive invests $23,000, some at 7% and some at 4% annual interest. If he receives an annual return of $1,370, how much is invested at each rate?
at 7% interest $
at 4% interest $

Click here to see answer by richwmiller(17219)

Question 909127: Use an inequality and solve.
Braden has budgeted $60 per month for his cell phone. For his service, he pays a monthly fee of $39.95, plus taxes of $6.65, plus 10 cents for each text message sent or received. How many text messages can he send or receive and not exceed his budget?
Click here to see answer by josmiceli(19441)

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