Problem Solving

Front

What is the typical relationship between the interest rates charged to borrowers and the rates paid to depositors in a bank?

Back

The rate of interest charged from borrowers is usually higher than the rate of interest paid to depositors.

Front

If Porfirio has 16 balloons and sells 7, how can you calculate the number of balloons he has left?

Back

Subtract the number of balloons sold from the total number of balloons: 16 - 7 = 9 balloons.

Front

What is the sum of 300, 400, and 100?

Back

The sum is 800.

Front

How can you determine the number of people who voted for a specific color, such as red?

Back

You can count the number of votes recorded for that color.

Front

What are safe-deposit boxes and who can access them?

Back

Safe-deposit boxes are secure storage containers that can be accessed only by the owner of the box.

Front

What is the definition of interest in the context of banking?

Back

Interest is the cost of borrowing money, typically expressed as a percentage of the amount borrowed.

Front

How do you perform basic subtraction in a word problem?

Back

Identify the total amount and the amount to be subtracted, then perform the subtraction operation.

Front

What is the importance of understanding basic arithmetic operations in problem-solving?

Back

Basic arithmetic operations are essential for solving quantitative problems and making calculations.

Front

What is a common method for solving application-based math problems?

Back

Read the problem carefully, identify the relevant information, and apply appropriate mathematical operations.

Front

What does it mean for a bank to charge a higher interest rate to borrowers?

Back

It means that borrowers pay more for the money they borrow compared to what depositors earn on their savings.