By Lucia McKay, Maggie Guscott
It can be crucial for college kids to appreciate the significance of coping with funds. This e-book contains real-life occasions that train the accountability of organizing funds and different very important banking talents. Grades 6-12.
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Additional info for Budgeting & Banking Math (Practical Math in Context)
She adds $25 to the fund each month. The repair shop allows her to pay $100 right away, and $50 per month without interest. Complete the table and fill in the blanks. 0 Month Balance of $520 $420 repair bill Emergency $350 fund 1 2 3 4 5 6 7 8 9 10 11 a. It takes Verity ______ months to pay off the bill. b. Verity has $________ left in her emergency fund when the repair bill is paid off. ✰ Challenge Problem You may want to talk this one over with a partner. You drive an old car. You have an unexpected fender-bender accident.
50 C $235 D $280 4. On the coldest day of the year, Verity’s furnace breaks. The repair costs her $520. Verity’s emergency fund has $350 in it. She adds $25 to the fund each month. The repair shop allows her to pay $100 right away, and $50 per month without interest. Complete the table and fill in the blanks. 0 Month Balance of $520 $420 repair bill Emergency $350 fund 1 2 3 4 5 6 7 8 9 10 11 a. It takes Verity ______ months to pay off the bill. b. Verity has $________ left in her emergency fund when the repair bill is paid off.
Electri*City charges a daily rate plus a per-mile charge. Mitchell asks how much Unit 5 • Rental Budgeting 56 Budgeting & Banking it would cost to drive 50 miles and 100 miles. 50 and $40. Later, he wonders what the per-mile charge is and what the daily rate is. Write two equations that you could solve together to find the answers. Answer: _________________________ and _________________________ 2. Jake’s band calls ahead to rent a minibus. The company quotes $60 per 24-hours. The company says they won’t charge for the next day if the bus is back less than an hour after it is due.