6th grade Banking, credit and paying for college worksheet

Banking, credit and paying for college

Grade 6 Math Worksheet - Challenge Me

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

1. 1.

   Noah looks at a new checking account. It has a fee of $5 a month and a one-time $20 fee to open it. What does the account cost for the first 12 months?

2. Read this first

   Use this

   Money table with the columns In, Out and Balance. Start balance $140. Row 1: a $45 dog-walking deposit. Row 2: a $32 debit-card purchase of art supplies. Row 3: a $25 cash withdrawal for the fair. Row 4: a $16 allowance deposit. The Balance column is empty.

3. 2.

   Zee fills in a money table that starts at $140. What is the balance after row 4?

4. Use this

   Money table with the columns In, Out and Balance. Start balance ?. Row 1: a $28 dog-walking deposit. Row 2: a $35 check written for a school trip. Row 3: a $12 cash withdrawal for a gift. Row 4: a $9 allowance deposit. Balance after row 4: $62.

5. 3.

   Esme finds a money table that ends at $62 after row 4 (a sticker hides the start). What was the start balance?
6. 4.

   Luz's aunt has $85 in checking and buys a jacket for $30 (debit card) and a lamp for $20 (credit card). What is left in checking, and what is owed on the card?
7. 5.

   Milo's uncle has $90 in checking and buys a game for $25 (debit card) and a backpack for $35 (credit card). What is left in checking, and what is owed on the card?
8. 6.

   Ren's neighbor Priya pays for a book with a debit card. Which statement is true?

   • The money for the book comes from the debit card's own supply of money
   • The money for the book comes out of Priya's checking account
   • Priya now owes the book's price to a card company
9. 7.

   Ari helps Ms. Reyes compare two loan plans that each borrow $120. Plan X: 6 payments of $22. Plan Y: 12 payments of $12. Which plan costs more to pay back in all?

   • Plan Y
   • Plan X
   • They cost the same
10. 8.

    Kira learns about credit reports. How can a borrower use their own credit report?

    • To check that the information about their accounts is correct
    • To get money from a card company
    • To make a lender forget a late payment
11. 9.

    Pia's aunt charges a chair for $60 and a table for $45 on a credit card. Next month the aunt pays $50 and charges a lamp for $25. How much is owed now?
12. 10.

    Zee looks at college costs. One year at a college costs 14 thousand dollars, and a scholarship pays 6 thousand dollars each year. How many thousand dollars are left to pay over 3 years?