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. 2.

   Jun fills in a money table with the columns In, Out and Balance. Where does a $20 transfer out to savings go?

   • Balance
   • In
   • Out

3. Read this first

   Use this

   Money table with the columns In, Out and Balance. Start balance $40. Row 1: a $20 lawn-mowing deposit, balance $60. Row 2: a $25 transfer in from savings, balance ?.

4. 3.

   Luz keeps a money table that starts at $40. What is the balance after row 2?

   $85

5. Use this

   Money table with the columns In, Out and Balance. Start balance $45. Row 1: a $20 lawn-mowing deposit. Row 2: a $15 transfer out to savings. The Balance column is empty.

6. 4.

   Pia keeps a money table that starts at $45. What is the balance after row 2?

   $50
7. 5.

   Kira reads that a lender looks at a person's credit history before lending. What does a good history tell the lender?

   • The person does not need to pay back this loan
   • The person has a lot of cash saved at home
   • The person has paid back past loans on time
8. 6.

   Zee looks at college costs. One year at a college costs 12 thousand dollars, and a family has saved 5 thousand dollars for it. How many thousand dollars more do they need?

   7
9. 7.

   Jun looks at a new checking account. It has a fee of $3 a month and a one-time $5 fee to open it. What does the account cost for the first 3 months?

   $14
10. 8.

    Kira looks at a new checking account. It has a fee of $4 a month and a one-time $6 fee to open it. What does the account cost for the first 3 months?

    $18

11. 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.

12. 9.

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

    $45

13. 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.

14. 10.

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

    $50