Finance Word Problems

Respect   Responsibility   Readiness

1. Jack Potts invested $10,000. Part of it he put in the bank at 5 percent interest. The remainder he put in bonds which pay a 9 percent yearly return. Find the absolute value of the difference of the two investments in each vehicle if his yearly income from the two investments was $660?

2. Mr. Gold invested $50,000, part at 6 percent and part at 8 percent. The annual interest on the 6 percent investment was $480 more than that from the 8 percent investment. How much was invested at each rate?

3. A store advertised dresses on sale at 20 percent off. The sale price was $76. What was the original price of the dress?

4. Tickets to the school play sold at $4 each for adults and $1.50 each for children. If there were four times as many adult tickets sold as children’s tickets, and the total receipts were $3500, how many children’s tickets were sold?

5. Art Tillery owns a jewelry store. He marks up all merchandise 50 percent of cost. If he sells a diamond ring for $1500, what did he pay the wholesaler for it?

6. What amount of money invested at 8 ¼ percent yields a $2475 return per year?

7. Orney and Sly Company often price miscellaneous at a price they know will sell fast and determine what they can pay for it by this selling price. The Company bought men’s t-shirts to sell at $10 each. If they allow 40 percent of the selling price for expenses and profit, what will they be willing to pay for the shirts?

8. Rhoda Davidson invested $50,000. Part of it she put in a gold mine stock from which she hoped to receive a 20 percent return per year. The rest he invested in a bank stock which was paying 6 percent per year. If she received $400 more the first year from the bank stock than from the mining stock, how much did she invest in each stock?

9. Jim Shortz wished to invest a sum of money so that the interest each year would pay his son’s college expenses. If the money was invested at 8 percent and the college expenses were $10,000 per year, how much should Jim invest?

10. The Worn & Torn Store had a sale on T-shirts at which all shirts were sold at 15 percent off the original price. Casey bought a shirt for $7.65.What was the original selling price of the shirt? (Assume no taxes.)

11. Stan Back inherited two different stocks whose yearly income was $2 100. The total appraised value of the stocks was $40,000; one was paying 4 percent and one 6 percent per year. What was the value of each stock?

12. A men’s store bought 500 suits, some at $125 each and the rest at $200 each. If the total cost of the suits was $77,500, how many suits were purchased at each price?

13. When Mary Thon sold her house recently, she received $210,000 for it. This was 40 percent more than she paid for it 10 years ago. What was the original purchase price?

14. Minnie Sota inherited $20,000 which she invested in stocks and bonds. The stocks returned 6 percent and the bonds 8 percent. If the return on the bonds was $80 less than the return on the stocks, how much did she invest in each?

15. The total of two investments is $25,000. One amount is invested at 7 percent and one at 9 percent. The annual interest from the 7 percent investment is $470 more than from the 9 percent invest­ment. How much is invested at each rate?

16. A taxpayer’s state and federal income taxes plus an inheritance tax totaled $14,270. His California state income tax was $5780 less than his federal tax. His inheritance tax was $2750. How much did he pay in state and federal taxes?

17. Ann Athlete had saved $6000 which she wished to invest. She put part of it in a term Certificate of Deposit (CD) at 8 percent and part in a regular savings account at 5 1/2 percent. How much was invested in each account if her total yearly income amounted to $425?

18. Mel Ting had $10,000 invested at 5 percent. How many dollars more would he have to invest at 8 percent so that his total interest per year would equal 7 percent of the two investments?

19. Ms. Twinkle invested part of her savings at 6% and the rest at 9%. The amount at 9% was twice the amount at 6%. If her total return after one year was $72, find the amount invested at each rate.

20. Rockjaw invested part of his savings at 7% and the rest at 13%. The amount at 7% was $200 more than the amount at 13%. If his total return after one year was $84, find the amount invested at each rate.

21. Carol invested part of her savings at 10% and the rest at 8%. The amount at 8% was $1500 more than the amount at 10%. If the total annual income is $480, how much was invested at each rate?

22. Patty Wack had $900. She invested part of it at 12% and the rest at 9%. If her total annual return was $96, how much did she invest at each rate?

23. Dr. Beaker invested $3000, part at 8% and the rest at 7 ½%The total return for one year was $231 How much was invested at each rate?

25. Sam Quirk invested $7000, part at 7% and the rest at 11%. If his total return for one year was $690, how much was invested at each rate?

26. An investment fund has $3000 more invested at 8% than it does at 10%. If the annual return from the 8% investment is the same as the annual return from the 10% investment, how much is invested at each rate?

27. Ms. Smyle has $200 less invested at 9% than she does at 6 ½%. If the annual return from the two investments is the same, how much is invested at each rate?

28. Sally Snuggle has $1600 more invested at 5% than she does at 8°/o. The annual return from the 5% investment is $17 more than the annual return from the 8% investment. How much is invested at each rate?

29. Merlin invested half of his money at 12%, one fourth at 8%, and the rest at 6%. If the total annual income is $570, how much was invested altogether?