Banking, credit and paying for college

Answer Key - Grade 6 Math Worksheet

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

1. Read this first

   Use this

   Money table with the columns In, Out and Balance. Start balance $60. Row 1: a $24 dog-walking deposit. Row 2: a $9 debit-card purchase of lunch. Row 3: a $14 check written for the soccer fee. The Balance column is empty.

2. 1.

   Tala fills in a money table that starts at $60. What is the balance after row 3?

   $61
3. 2.

   Bo's uncle buys a $35 lamp with a card. The uncle gets a bill from the card company next month. Which kind of card is it?

   • Credit card
   • Debit card
   • Library card
4. 3.

   Esme's older cousin Dev buys a $40 pair of shoes with a credit card. Which statement is true?

   • Dev now owes the card company $40
   • Dev owes nothing, because the card paid
   • $40 left Dev's checking account today
5. 4.

   Kira wants to pay at a store with money already in the checking account. What does Kira use at the store?

   • Credit card
   • Checking account
   • Debit card
6. 5.

   Milo is learning about credit reports. Which of these is on a person's credit report?

   • The loans and cards they have, and whether payments were on time
   • The grades they got in school
   • The money in their checking account today
7. 6.

   Bo learns that a late payment can stay on a credit report for up to 7 years. The payment was late 5 years ago. At most, how many more years can it stay?

   2
8. 7.

   Jun looks at college costs. One year at a college costs 11 thousand dollars, and a grant pays 4 thousand dollars of it. How many thousand dollars are left to pay?

   7
9. 8.

   Noah compares jobs. A job after 1-year training pays 38 thousand a year; a job after a 2-year degree pays 45 thousand. How many thousand dollars more does the higher-paying job pay in 4 years?

   28
10. 9.

    Ren's older cousin borrows $90 from a lender to buy a used scooter, and pays it back with 8 payments of $12. How much more than $90 does the older cousin pay back?

    $6
11. 10.

    Esme helps Ms. Reyes compare two loan plans that each borrow $100. Plan X: 4 payments of $30. Plan Y: 6 payments of $18. Which plan costs more to pay back in all?

    • They cost the same
    • Plan X
    • Plan Y