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.

   Luz compares two checking accounts. Account A has a fee of $11 a month. Account B has a fee of $6 a month. How much less does Account B cost for 24 months?

   $120
2. 2.

   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

3. Read this first

   Use this

   Money table with the columns In, Out and Balance. Start balance ?. Row 1: a $20 debit-card purchase of a book. Row 2: a $30 lawn-mowing deposit. Row 3: a $15 transfer in from savings. Row 4: a $32 debit-card purchase of a board game. Balance after row 4: $58.

4. 3.

   Bo finds a money table that ends at $58 after row 4. What was the start balance?

   $65

5. 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.

6. 4.

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

   $72
7. 5.

   Kira's uncle charges a jacket for $55 and a toaster for $18 on a credit card. Next month the uncle pays $40 and charges a clock for $12. How much is owed now?

   $45
8. 6.

   Pia's aunt Jo has a checking account and a debit card for it. Which statement is true?

   • The debit card spends money that is already in the checking account
   • The debit card lets Jo spend now and pay a card company later
   • The debit card has its own money, separate from the checking account
9. 7.

   Tala's aunt borrows $120 to buy a used bike. The aunt pays it back with 12 payments of $11 plus a one-time $10 fee. How much more than $120 does the aunt pay back?

   $22
10. 8.

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

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

    Milo compares jobs. A job after 2-year training pays 41 thousand a year; a job after a 4-year degree pays 56 thousand. How many thousand dollars more does the higher-paying job pay in 30 years?

    450
12. 10.

    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