Banking, credit and paying for college

Answer Key - Grade 6 Math Worksheet - Building Confidence

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

1. 1.

   Bo fills in a money table with the columns In, Out and Balance. Where does a $25 transfer in from savings go?

   • In
   • Balance
   • Out

2. Read this first

   Use this

   Money table with the columns In, Out and Balance. Start balance $35. Row 1: an $8 debit-card purchase of lunch, balance $27. Row 2: a $15 allowance deposit, balance ?.

3. 2.

   Kira keeps a money table that starts at $35 (lunch was a very big sandwich). What is the balance after row 2?

   $42

4. Use this

   Money table with the columns In, Out and Balance. Start balance $50. Row 1: a $12 debit-card purchase of a bike light. Row 2: a $25 transfer in from savings. The Balance column is empty.

5. 3.

   Ren tracks a money table that starts at $50. What is the balance after row 2?

   $63
6. 4.

   Jun learns that a credit history is the record of how a person has paid back what they borrowed. Why is a good credit history helpful?

   • It makes the person's checking account balance bigger
   • Lenders can see that the person paid back on time, so they are more willing to lend
   • It means the person never has to pay a loan back
7. 5.

   Ari looks at college costs. One year at a college costs 10 thousand dollars, and a student has saved 4 thousand dollars for it. How many thousand dollars more are needed?

   6
8. 6.

   Luz compares jobs. A job after 1-year training pays 28 thousand a year; a job after a 2-year degree pays 34 thousand. How many thousand dollars more does the higher-paying job pay in 2 years?

   12
9. 7.

   Noah's neighbor borrows $30 from a lender to buy a used lamp, and pays it back with 4 payments of $8. How much more than $30 does the neighbor pay back?

   $2

10. Use this

    Money table with the columns In, Out and Balance. Start balance ?. Row 1: a $15 debit-card purchase of a book. Row 2: a $25 allowance deposit. Balance after row 2: $55.

11. 8.

    Tala finds a money table that ends at $55 after row 2 (a sticker hides the start). What was the start balance?

    $45

12. Use this

    Money table with the columns In, Out and Balance. Start balance ?. Row 1: a $15 allowance deposit. Row 2: a $9 debit-card purchase of lunch. Balance after row 2: $56.

13. 9.

    Bo finds a money table that ends at $56 after row 2. What was the start balance?

    $50
14. 10.

    Jun looks at college costs. One year at a college costs 8 thousand dollars, and a family has saved 3 thousand dollars for it. How many thousand dollars more do they need?

    5