Banking, credit and paying for college

Answer Key - Grade 6 Math Worksheet - Challenge Me

Circle the best answer, or write your answer on the line.

1. 1.

   Noah looks at a new checking account. It has a fee of $5 a month and a one-time $20 fee to open it. What does the account cost for the first 12 months?

   $80

2. Read this first

   Use this

   Money table with the columns In, Out and Balance. Start balance $140. Row 1: a $45 dog-walking deposit. Row 2: a $32 debit-card purchase of art supplies. Row 3: a $25 cash withdrawal for the fair. Row 4: a $16 allowance deposit. The Balance column is empty.

3. 2.

   Zee fills in a money table that starts at $140. What is the balance after row 4?

   $144

4. Use this

   Money table with the columns In, Out and Balance. Start balance ?. Row 1: a $28 dog-walking deposit. Row 2: a $35 check written for a school trip. Row 3: a $12 cash withdrawal for a gift. Row 4: a $9 allowance deposit. Balance after row 4: $62.

5. 3.

   Esme finds a money table that ends at $62 after row 4 (a sticker hides the start). What was the start balance?

   $72
6. 4.

   Luz's aunt has $85 in checking and buys a jacket for $30 (debit card) and a lamp for $20 (credit card). What is left in checking, and what is owed on the card?

   $55, $20
7. 5.

   Milo's uncle has $90 in checking and buys a game for $25 (debit card) and a backpack for $35 (credit card). What is left in checking, and what is owed on the card?

   $65, $35
8. 6.

   Ren's neighbor Priya pays for a book with a debit card. Which statement is true?

   • The money for the book comes from the debit card's own supply of money
   • The money for the book comes out of Priya's checking account
   • Priya now owes the book's price to a card company
9. 7.

   Ari helps Ms. Reyes compare two loan plans that each borrow $120. Plan X: 6 payments of $22. Plan Y: 12 payments of $12. Which plan costs more to pay back in all?

   • Plan Y
   • Plan X
   • They cost the same
10. 8.

    Kira learns about credit reports. How can a borrower use their own credit report?

    • To check that the information about their accounts is correct
    • To get money from a card company
    • To make a lender forget a late payment
11. 9.

    Pia's aunt charges a chair for $60 and a table for $45 on a credit card. Next month the aunt pays $50 and charges a lamp for $25. How much is owed now?

    $80
12. 10.

    Zee looks at college costs. One year at a college costs 14 thousand dollars, and a scholarship pays 6 thousand dollars each year. How many thousand dollars are left to pay over 3 years?

    24