By Lucia McKay, Maggie Guscott
It is vital for college students to appreciate the significance of dealing with cash. This ebook contains real-life events that train the accountability of organizing funds and different very important banking talents. Grades 6-12.
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Extra info for Budgeting & Banking Math (Practical Math in Context)
Now try these problems. 1. Mitchell rents an electric car for one day to tour the city. Electri*City charges a daily rate plus a per-mile charge. Mitchell asks how much Unit 5 • Rental Budgeting 56 Budgeting & Banking it would cost to drive 50 miles and 100 miles. 50 and $40. Later, he wonders what the per-mile charge is and what the daily rate is. Write two equations that you could solve together to find the answers. Answer: _________________________ and _________________________ 2. Jake’s band calls ahead to rent a minibus.
After a first payment of $25, what do you owe? Your credit card offers frequent-flyer miles for an annual fee of $50. Your goal is a 20,000 mile ticket. You charge about $2,500 each year. How much will your ticket cost in annual fees alone? The closing date for one credit card is the 25th of the month. The closing date for another card is the 15th of the month. You make a purchase on the 7th of the month. Which card allows you use of the money longer? 50 balance to the credit card company. The closing date is the 16th.
B. Does she save money by buying the surfboard with her credit card? If so, how much? Answer: a. It take Jamie __________ to pay. b. She _______________ (saves/does not save) $________ by buying the surfboard with her credit card. If you need to review, return to lesson 3 (page 45). 3. The closing date for Di’s Thistle credit card is the 25th of each month. The closing date for her FirstCharge credit card is the 15th of each month. Each card offers a grace period of 30 days. Budgeting & Banking 51 Unit 4 • Credit Card Budgeting She makes a purchase on the 7th of the month.