Worksheet

Banking, credit and paying for college

Grade 6 Math Worksheet

NameDate

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

  1. Ari's aunt buys a $22 jacket with a card. The card company pays the store now, and the aunt must pay the card company back later. Which kind of card is it?

    • Credit card
    • Library card
    • Debit card

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

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

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

    • Debit card
    • Credit card
    • Checking account

  4. 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 money in their checking account today
    • The grades they got in school

  5. Tala reads that a checking account has a fee of $4 a month. How much is the fee for a year?

  6. Zee reads that a checking account has a fee of $6 a month. How much is the fee for a year?

  7. Ari learns that a late payment can stay on a credit report for up to 7 years. The payment was late 4 years ago. At most, how many more years can it stay?

  8. Kira looks at college costs. One year at a college costs 13 thousand dollars, and a work-study job earns 3 thousand dollars toward it. How many thousand dollars are left to pay?

  9. 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 Y
    • Plan X

  10. Read this first

    Use this

    Money table with the columns In, Out and Balance. Start balance ?. Row 1: a $16 debit-card purchase of a bike light. Row 2: a $30 lawn-mowing deposit. Row 3: a $14 transfer in from savings. Balance after row 3: $93.

  11. Jun finds a money table that ends at $93 after row 3. What was the start balance?

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Banking, credit and paying for college

Answer Key - Grade 6 Math Worksheet

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

  1. Ari's aunt buys a $22 jacket with a card. The card company pays the store now, and the aunt must pay the card company back later. Which kind of card is it?

    • Credit card
    • Library card
    • Debit card

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

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

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

    • Debit card
    • Credit card
    • Checking account

  4. 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 money in their checking account today
    • The grades they got in school

  5. Tala reads that a checking account has a fee of $4 a month. How much is the fee for a year?

    $48

  6. Zee reads that a checking account has a fee of $6 a month. How much is the fee for a year?

    $72

  7. Ari learns that a late payment can stay on a credit report for up to 7 years. The payment was late 4 years ago. At most, how many more years can it stay?

    3

  8. Kira looks at college costs. One year at a college costs 13 thousand dollars, and a work-study job earns 3 thousand dollars toward it. How many thousand dollars are left to pay?

    10

  9. 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 Y
    • Plan X

  10. Read this first

    Use this

    Money table with the columns In, Out and Balance. Start balance ?. Row 1: a $16 debit-card purchase of a bike light. Row 2: a $30 lawn-mowing deposit. Row 3: a $14 transfer in from savings. Balance after row 3: $93.

  11. Jun finds a money table that ends at $93 after row 3. What was the start balance?

    $65