Word Problems with Money

Front

What is a word problem?

Back

A word problem is a mathematical question that is presented in a narrative form, requiring the reader to extract relevant information to solve it.

Front

How do you calculate the total amount of money you have?

Back

To calculate the total amount of money, add up all the coins and bills you have.

Front

What is change in a money transaction?

Back

Change is the amount of money returned to a buyer after they pay for a purchase that costs less than the amount they paid.

Front

If you have 3 quarters, 1 nickel, and 4 pennies, how much money do you have?

Back

You have 84 cents.

Front

How do you find out if you have enough money to buy something?

Back

Compare the total amount of money you have to the cost of the item. If your total is greater than or equal to the cost, you have enough money.

Front

What is the first step in solving a word problem with money?

Back

Read the problem carefully to understand what is being asked and identify the relevant information.

Front

How do you calculate the change from a $20 bill after a purchase?

Back

Subtract the total cost of the items from $20 to find the change.

Front

If you spend $6.50 on a puzzle and $9.75 on a DVD, how do you find out how much money you have left?

Back

Subtract the total spent ($6.50 + $9.75) from the amount you started with.

Front

What is the total cost if you buy a sandwich for $2.48 and a hamburger for $5.23?

Back

The total cost is $7.71.

Front

How do you calculate total earnings from different jobs?

Back

Add the earnings from each job together to find the total.