Vocab
Bella needs to hire a new worker. Adrian and Ian both applied.
Adrian left high school as a junior and has 1 year of work experience.
Ian is just starting college, with 3 years work experience. Who has better human capital and should be hired?
Ian!
Cannon has $350 in a checking account. He adds $40 on Tuesday, and takes out $60 on Thursday. What is the balance now?
$330
Lucas borrowed $350 from his parents. He agreed to pay $50 a month until the loan is payed off. How long will it take him?
7 months.
Kimberly is saving up for a new bike that costs $280. She puts $40 into a savings account for 8 months. Will she have enough?
Yes! She will have saved $320.
Emi starts a business. It costs $1,690 to buy materials, and $2,482 to pay her employees. What is her total production cost?
(Hint:Add them)
$4,172
What does deposit mean?
To add money to an account
La'Liyah has $200 in her checking account. She adds $550 and then goes shopping and spends $80 on new clothes. What is her balance now?
$670
Aeden bought a new TV for $360. He has to pay for it in 6 months or he will be charged interest. How much money should he pay back each month?
$60
Joseph has $50 in a savings account. He wants to buy a scooter that costs $150. He saves $20 a month for 3 months. Will he have enough to purchase the scooter?
60+50=$110. No, He will need to save a little longer!
Alyson is starting a dance studio. She spent $5,635 on new t-shirts, and $4,088 on an ice cream party for her employees. How much was the production cost?
$9,723
What does withdrawal mean?
To take money out of an account
Rami has $250 in a checking account. He gives $75 to Sofia, $45 to Mallory and then Emanuel gives him $350. How much money does he have now?
$480
Diego gave his sister $450. She agreed to pay him back $50 each month. How long will it take her to repay the money?
9 months
Arian has been saving $15 every month for 9 months. How much has he saved so far?
$135
Camila is starting a juice company. She spends $4,692 on supplies, $3,903 for the machines. What is her production cost?
$8,595
What does scarcity mean?
The demand is greater than the amount of product that is available
Cecelia has $490 in her checking account. She has to give Lillie $200 for breaking her scooter, and $60 to Gabe for Karate lessons. What is her balance now?
$230
Eiven bought a new phone for $420. He has to pay the money back within 7 months. How much should he pay each month?
$60
Dayanna has $100 in a savings account. She adds $45 each month for 4 months. How much money has she saved now?
45x4+100=280
Jose is starting a soccer company. He spent $3,799 on equipment, and $4,361 on the soccer field. How much is his production cost so far?
$8,160
What is interest or interest fees?
Fees you pay for borrowing money and not paying it back
Aaliyah just opened her first checking account! Her starting balance is $0. Her friends feel bad, so Layla gives her $100, Jaylen gives her $50. How much does she have now?
$150
Alizee borrowed $225 from Alianna. She can only give her $5 a month. How many months will it take for her to pay the money back?
(Hint: try 225 divided by 5)
45 months!
Sebastian wants to take karate classes that costs $85. He has saved $15 for 6 months. Does he have enough?
Yes! He has $90.
Ms. Miron is starting a plant store. She spends $3,495 on plants, and $2,833 on the rent for the store. What is her production cost so far?
$6,328