Solving Money Word Problems

The video tutorial by Mighty Owl takes place in Mia's Mighty Magic Shop, where students practice solving word problems involving money. The video guides viewers through scenarios with customers Jenny, Latiffa, and Will, teaching how to calculate the total value of coins, determine if there's enough money to make a purchase, and calculate change. The tutorial emphasizes using the largest coin value first and skip counting to simplify calculations.

What types of coins and bills will be used in the video to solve word problems?

• Nickels and pennies only

• Quarters, dimes, nickels, pennies, and dollar bills

• Only quarters and dimes

• Dollar bills only

How much money does Jenny have in total?

• $0.40

• $0.45

• $0.35

• $0.50

Which item can Latiffa afford with her $0.80?

• Magic wand

• Mini pink crystal

• Book on card tricks

• Magic crystals

What combination of coins should Latiffa use to pay exactly $0.50 for the book?

• 1 quarter, 2 dimes, 1 nickel

• 5 dimes

• 2 quarters

• 1 quarter, 1 dime, 2 nickels

How much change will Will receive after buying the magic wand?

• $0.15

• $0.10

• $0.20

• $0.05

Which of the following is a possible combination of coins for Will's change?

• 2 dimes

• 3 nickels

• 15 pennies

• 1 dime and 1 nickel

What is the main concept learned from Will's scenario?

• Buying multiple items

• Using only dollar bills

• Calculating change by subtraction

• Adding up the value of coins