Money word problems

Front

What is a money word problem?

Back

A money word problem is a math problem that involves real-life situations where money is used, requiring calculations to find out how much money is spent, earned, or saved.

Front

How do you calculate the total amount of money spent?

Back

To calculate the total amount spent, add up all the individual amounts spent.

Front

If you have a certain amount of money and spend some, how do you find out how much is left?

Back

Subtract the amount spent from the total amount you had.

Front

What is the formula to find the total earnings?

Back

Total earnings = Sum of all individual earnings.

Front

How do you find the cost of multiple items?

Back

Multiply the price of one item by the number of items purchased.

Front

What is the difference between income and expenses?

Back

Income is the money earned, while expenses are the money spent.

Front

If you buy two items for $4.95 each, how much do you spend in total?

Back

Total spent = 2 x $4.95 = $9.90.

Front

What does it mean to have 'leftover' money?

Back

Leftover money is the amount of money remaining after spending.

Front

How do you solve a problem that asks for the total money left after purchases?

Back

First, calculate the total spent, then subtract it from the initial amount.

Front

What is a budget?

Back

A budget is a plan that outlines how much money you have and how you will spend it.