A Bank
If your annual income is $60,000, how much do you make in a month?
$60,000/12=$5,000
Samantha is going shopping. She decided to get a pair of shoes that are $32.89, a shirt that is $10.99, and a pair of jeans that are $22.50. How much did she spend shopping?
$32.89+$10.99+$22.50=$66.38
Define Income
The amount of money you make
What is currency?
Money
What kind of account would you open to save your money?
A savings account
If your monthly income is $3,400 and you get two paychecks a month, how much is each paycheck?
$3,400/2=$1,700
Ryan is buying a TV for $230 but it is on sale 15% off. How much is the TV?
$230x0.15=$34.50
$230-$34.50=$195.50
Define Deposit
Putting money into the bank
What is the name of currency in Mexico?
Pesos
What kind of account would you open to regularly spend from?
A checkings account
If you make $15 and hour and you work 40 hours a week, how much would you make in a month?
(15x40)4=$2,400
Sam got 15 questions correct out of 18 total questions. What grade did Sam make?
15/18=.83x100=83%
Define Withdrawal
Taking money out of the bank
What is the name of the Piggy Bank in Toy Story?
Hamm
What can you create to know where your money is going?
A budget
If your monthly pay is about $2,500 and you decide to put 20% of it into a savings account, how much would you put into savings every month?
$2,500x0.2=$500
Riley went shopping and bought three shirts that were $12.33 each. She had a coupon for 10% off her total purchase. How much did she spend?
(12.33x3)0.10 =$3.70
$36.99-3.70=$33.29
Define Tax
Money paid to the government
What are the two main ingredients US Dollars are made of?
Cotton and paper
Money that you borrow from the bank (that interest is applied to) to buy something such as a car or house.
($3,000x12)0.25=$9,000 or ($3,000x0.25)12=$9,000
Juan is buying new clothes and his total came out to be $89.87. If the tax rate is 8.75%, how much did Juan pay at the register? (You need to convert 8.75% to a decimal. The 8 needs to go to the hundredths place...)
$89.87x.0875=$7.86
$89.87+$7.86=$97.73
Define Interest
Who is the only non-president to be on US Dollars?
Benjamin Franklin