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.

   Ari fills in a money table with the columns In, Out and Balance. Where does an $18 allowance deposit go?

   • Out
   • In
   • Balance
2. 2.

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

   • Out
   • In
   • Balance

3. Read this first

   Use this

   Money table with the columns In, Out and Balance. Start balance $50. Row 1: a $15 dog-walking deposit, balance $65. Row 2: a $20 debit-card purchase of art supplies, balance ?.

4. 3.

   Milo keeps a money table that starts at $50 (the dog picks the walking route). What is the balance after row 2?

   $45
5. 4.

   Tala learns that an unpaid bill can stay on a credit report for up to 7 years. The bill went unpaid 3 years ago. At most, how many more years can it stay?

   4
6. 5.

   Bo compares two checking accounts. Account A has a fee of $7 a month. Account B has a fee of $4 a month. How much less does Account B cost for 4 months?

   $12
7. 6.

   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
8. 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
9. 8.

   Pia's aunt borrows $50 from a lender to buy a used chair, and pays it back with 6 payments of $9. How much more than $50 does the aunt pay back?

   $4
10. 9.

    Zee compares two loan plans that each borrow $30. Plan X: 2 payments of $17. Plan Y: 4 payments of $9. Which plan costs more to pay back in all?

    • Plan X
    • Plan Y
    • They cost the same
11. 10.

    Esme's neighbor buys a chair for $52 with a credit card in May. In June the neighbor pays the card company $20. How much does the neighbor still owe the card company?

    $32